2066 E Lockwood StMesaAZ85213
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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 2066 E Lockwood St, Mesa, AZ, 85213 listed at $742,000 pairs $5,100/mo rent with a $3,632/mo payment to leave $714/mo cash flow. Total monthly income runs $5,100/mo, and annual cash flow reaches $8,564/yr on $244,118 cash to close. Return on cash invested measures 23.57% in year one, and rental yield registers 8.25% at a $742,000 basis. Equity gained on principal adds $4,788/yr, and annual property appreciation at 5% supports $205,001 by year five. Five-year ROI tracks 122.06% and total cumulative return in cash totals $297,974. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,100/mo property income relative to a $3,632/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1979
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85213, Mesa, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,467 (100%) |
| Owner Occupied HU | 9,478 (70.4%) |
| Renter Occupied HU | 2,552 (19.0%) |
| Vacant Housing Units | 1,437 (10.7%) |
| Median Home Value | $499,327 |
| Average Home Value | $547,277 |
Housing Distribution
Address Breakdown
Residential
15,071
Single Family
10,801
Multi-Family
4,270
Businesses
374
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Listed by: Stacie Neumann • Russ Lyon Sotheby's International Realty
Mls Name: ARMLS
Mls Provider:
Mls ID: #6850811
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