1404 S SpencerMesaAZ85204
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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 1404 S Spencer, Mesa, AZ, 85204 generates $2,470/mo in rent and, after a $1,175/mo payment, leaves $1,051/mo in cash flow. Total monthly income is $2,470/mo, and annual cash flow is $12,612/yr on $79,560 invested. Return on cash invested sits at 35.76% in year one, and rental yield is 12.35% on a $240,000 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 187.47% and total cumulative return in cash sums $149,150. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,470/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85204, Mesa, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,734 (100%) |
| Owner Occupied HU | 14,311 (55.6%) |
| Renter Occupied HU | 9,482 (36.8%) |
| Vacant Housing Units | 1,941 ( 7.5%) |
| Median Home Value | $371,164 |
| Average Home Value | $418,248 |
Housing Distribution
Address Breakdown
Residential
22,727
Single Family
15,078
Multi-Family
7,649
Businesses
1,338
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Listed by: James Diller • Real Broker
Mls Name: ARMLS
Mls Provider:
Mls ID: #6858254
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