1340 N Recker Rd UNIT 256MesaAZ85205
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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 256, Mesa, AZ, 85205 offers a 7.65% rental yield on a $238,000 purchase with $1,518/mo rent. 34% in year one. Equity gained on principal adds $1,536/yr while 5% annual appreciation supports $65,755 over five years. Portfolio math shows five-year ROI at 95.32% and total cumulative return in cash at $75,202. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,518/mo property income against a $1,165/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Apartment
Built in 1986
1,106 sqft lot
$N/A/sqft
$214 monthly 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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Listed by: Jeffrey T Raskin • HomeSmart
Mls Name: ARMLS
Mls Provider:
Mls ID: #6787429
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