2040 S LONGMORE -- #9MesaAZ85202
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe headline number at 2040 S LONGMORE -- #9, Mesa, AZ, 85202 in Mesa is the 1.62 coverage ratio: rent of $2,034/mo versus a $1,255/mo debt payment on a $279,000 property. Rental yield 8.75%. That margin is what gives Ziffy Mortgage's DSCR loan the coverage it needs for a clean, fast approval, no W-2s, no U.S. residency. Appreciation at 5%/yr projects $77,083 by year five, with $2,570/yr in equity from paydown. Total projected cumulative return: $130,220.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 5.5% |
| Monthly Cash Flow | $(123) | $450 |
City averages based on Mesa market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,034 |
| Total Monthly Debt Service | $1,538 |
| DSCR Ratio | 1.32x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1981
525 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85202, Mesa, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,736 (100%) |
| Owner Occupied HU | 8,516 (43.1%) |
| Renter Occupied HU | 10,388 (52.6%) |
| Vacant Housing Units | 832 ( 4.2%) |
| Median Home Value | $415,460 |
| Average Home Value | $444,336 |
Housing Distribution
Address Breakdown
Residential
17,578
Single Family
9,608
Multi-Family
7,970
Businesses
984
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
Townhouse
Built in 1981
525 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85202, Mesa, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,736 (100%) |
| Owner Occupied HU | 8,516 (43.1%) |
| Renter Occupied HU | 10,388 (52.6%) |
| Vacant Housing Units | 832 ( 4.2%) |
| Median Home Value | $415,460 |
| Average Home Value | $444,336 |
Housing Distribution
Address Breakdown
Residential
17,578
Single Family
9,608
Multi-Family
7,970
Businesses
984
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices