1451 N SpencerMesaAZ85203
Nearby investment properties with comparable rents
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 1451 N Spencer, Mesa, AZ, 85203 at $515,900 posts ROI 21.24% with $167/mo cash flow from $3,216/mo rent. Total monthly income equals $3,216/mo, and annual cash flow records $1,998/yr on $169,731 to close. Return on cash invested measures 21.24% and rental yield reads 7.48% at the current $515,900. Equity gained on principal adds $3,329/yr, and 5% annual appreciation supports $142,534 by year five. Five-year ROI prints 109.58% and total cumulative return in cash totals $185,984.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,216/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1981
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85203, Mesa, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,569 (100%) |
| Owner Occupied HU | 7,917 (58.3%) |
| Renter Occupied HU | 5,053 (37.2%) |
| Vacant Housing Units | 599 ( 4.4%) |
| Median Home Value | $478,526 |
| Average Home Value | $554,456 |
Housing Distribution
Address Breakdown
Residential
13,537
Single Family
9,148
Multi-Family
4,389
Businesses
664
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Listed by: Jennifer Dolled • LeMark Realty
Mls Name: ARMLS
Mls Provider:
Mls ID: #6785108
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