1602 E Grove AveMesaAZ85204
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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 1602 E Grove Ave, Mesa, AZ, 85204 listed at $545,500 pairs $3,979/mo rent with a $2,670/mo payment to leave $754/mo cash flow. Total monthly income runs $3,979/mo, and annual cash flow reaches $9,053/yr on $179,470 cash to close. Return on cash invested measures 25.1% in year one, and rental yield registers 8.75% at a $545,500 basis. Equity gained on principal adds $3,520/yr, and annual property appreciation at 5% supports $150,712 by year five. Five-year ROI tracks 130.31% and total cumulative return in cash totals $233,869. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,979/mo property income relative to a $2,670/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1978
10,637 sqft 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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