202 S 38th StMesaAZ85206
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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 202 S 38th St, Mesa, AZ, 85206 offers a 9.11% rental yield on a $178,000 purchase with $1,351/mo rent. Total monthly income registers $1,351/mo, and a $871/mo payment leaves $299/mo available for distribution. Annual cash flow reaches $3,588/yr on $59,007 to close, and return on cash invested stands at 25.99% in year one. Equity gained on principal adds $1,149/yr while 5% annual appreciation supports $49,178 over five years. Portfolio math shows five-year ROI at 135.16% and total cumulative return in cash at $79,753. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,351/mo property income against a $871/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1970
6,666 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85206, Mesa, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,893 (100%) |
| Owner Occupied HU | 11,450 (54.8%) |
| Renter Occupied HU | 5,261 (25.2%) |
| Vacant Housing Units | 4,182 (20.0%) |
| Median Home Value | $389,695 |
| Average Home Value | $419,820 |
Housing Distribution
Address Breakdown
Residential
18,415
Single Family
11,354
Multi-Family
7,061
Businesses
1,126
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