1331 W Baseline Rd UNIT 360MesaAZ85202
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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
Rental property for sale in Mesa at 1331 W Baseline Rd UNIT 360, Mesa, AZ, 85202 generates $1,764/mo in rent, after a $1,229/mo payment. Total monthly income is $1,764/mo. Return on cash invested sits at 17.5% in year one, and rental yield is 8.43% on a $251,000 entry. Equity gained on principal adds $1,620/yr, while 5% annual appreciation builds toward $69,347 over five years. Five-year ROI reaches 91.9% and total cumulative return in cash sums $76,464. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,764/mo property income rather than buyer’s personal income.
Condo
Built in 1988
1,149 sqft lot
$N/A/sqft
$447 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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