205 N 74th St UNIT 209MesaAZ85207
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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
Rental property for sale in Mesa at 205 N 74th St UNIT 209, Mesa, AZ, 85207 generates $1,758/mo in rent and, after a $979/mo payment, leaves $288/mo in cash flow. Total monthly income is $1,758/mo, and annual cash flow is $3,452/yr on $66,300 invested. Return on cash invested sits at 25.12% in year one, and rental yield is 10.55% on a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 132.3% and total cumulative return in cash sums $87,716. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,758/mo property income rather than buyer’s personal income.
Condo
Built in 2001
4,880 sqft lot
$N/A/sqft
$288 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85207, Mesa, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,654 (100%) |
| Owner Occupied HU | 15,873 (70.1%) |
| Renter Occupied HU | 3,772 (16.7%) |
| Vacant Housing Units | 3,009 (13.3%) |
| Median Home Value | $546,288 |
| Average Home Value | $587,498 |
Housing Distribution
Address Breakdown
Residential
21,051
Single Family
11,831
Multi-Family
9,220
Businesses
405
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Listed by: James Leonard • Realty ONE Group
Mls Name: ARMLS
Mls Provider:
Mls ID: #6893289
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