145 N 74th St UNIT 240MesaAZ85207
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Nearby investment properties with comparable prices
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 145 N 74th St UNIT 240, Mesa, AZ, 85207 offers a 8.61% rental yield on a $210,000 purchase with $1,507/mo rent. Total monthly income registers $1,507/mo, and a $1,028/mo payment leaves $51/mo available for distribution. Annual cash flow reaches $606/yr on $69,615 to close, and return on cash invested stands at 20.78% in year one. Equity gained on principal adds $1,355/yr while 5% annual appreciation supports $58,019 over five years. Portfolio math shows five-year ROI at 108.52% and total cumulative return in cash at $75,544. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,507/mo property income against a $1,028/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1992
90 sqft lot
$N/A/sqft
$215 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85207, Mesa, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,654 (100%) |
| Owner Occupied HU | 15,873 (70.1%) |
| Renter Occupied HU | 3,772 (16.7%) |
| Vacant Housing Units | 3,009 (13.3%) |
| Median Home Value | $546,288 |
| Average Home Value | $587,498 |
Housing Distribution
Address Breakdown
Residential
21,051
Single Family
11,831
Multi-Family
9,220
Businesses
405
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Listed by: Annette Meo • HomeSmart
Mls Name: ARMLS
Mls Provider:
Mls ID: #6856794
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