1331 W Baseline Rd UNIT 240MesaAZ85202
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Mesa at 1331 W Baseline Rd UNIT 240, Mesa, AZ, 85202 listed at $257,500 pairs $1,807/mo rent with a $1,260/mo payment. Total monthly income runs $1,807/mo. Return on cash invested measures 18.39% in year one, and rental yield registers 8.42% at a $257,500 basis. Equity gained on principal adds $1,662/yr, and annual property appreciation at 5% supports $71,143 by year five. Five-year ROI tracks 96.4% and total cumulative return in cash totals $82,285. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,807/mo property income relative to a $1,260/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Apartment
Built in 1988
1,199 sqft lot
$N/A/sqft
$393 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85202, Mesa, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,736 (100%) |
| Owner Occupied HU | 8,516 (43.1%) |
| Renter Occupied HU | 10,388 (52.6%) |
| Vacant Housing Units | 832 ( 4.2%) |
| Median Home Value | $415,460 |
| Average Home Value | $444,336 |
Housing Distribution
Address Breakdown
Residential
17,578
Single Family
9,608
Multi-Family
7,970
Businesses
984
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Listed by: Jenna L. Marsh • Realty Executives
Mls Name: ARMLS
Mls Provider:
Mls ID: #6776527
Disclaimer: All information should be verified by the recipient and none is guaranteed as accurate by ARMLS Listing Information presented by local MLS brokerage: Zillow, Inc., Designated REALTOR- Chris Long - (480) 907-1010