1340 N Recker Rd UNIT 209MesaAZ85205
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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 1340 N Recker Rd UNIT 209, Mesa, AZ, 85205 uses $69,615 cash to close to unlock $3,318/yr annual cash flow and $277/mo monthly cash flow. Total monthly income runs $1,518/mo, and a $1,028/mo payment keeps the spread at $277/mo. Purchase price stands at $210,000, and rental yield measures 8.67% with $1,518/mo rent. Return on cash invested shows 24.68% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 128.06% and total cumulative return in cash records $89,152. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,518/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Apartment
Built in 1986
708 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85205, Mesa, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,448 (100%) |
| Owner Occupied HU | 13,962 (59.5%) |
| Renter Occupied HU | 5,268 (22.5%) |
| Vacant Housing Units | 4,218 (18.0%) |
| Median Home Value | $405,966 |
| Average Home Value | $477,429 |
Housing Distribution
Address Breakdown
Residential
20,736
Single Family
12,609
Multi-Family
8,127
Businesses
910
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