1622 E Hope StMesaAZ85203
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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 1622 E Hope St, Mesa, AZ, 85203 with 5% annual appreciation on a $638,000 basis while $5,578/mo rent supports operations. Total monthly income totals $5,578/mo and a $3,123/mo payment preserves $1,806/mo for cash returns. Annual cash flow comes to $21,676/yr on $209,902 deployed, and return on cash invested reaches 30.39% in year one. Equity gained on principal adds $4,117/yr, and five-year appreciation sums $176,268 alongside rental yield of 10.49%. Five-year ROI measures 158.64% and total cumulative return in cash totals $332,978.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,578/mo property income versus a $3,123/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1975
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: Barry Guernsey • HomeSmart
Mls Name: ARMLS
Mls Provider:
Mls ID: #6792738
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