2241 N Nicklaus DrMesaAZ85215
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
Investment Highlights
Rental property for sale in Mesa at 2241 N Nicklaus Dr, Mesa, AZ, 85215 generates $1,970/mo in rent and, after a $1,346/mo payment, leaves $268/mo in cash flow. Total monthly income is $1,970/mo, and annual cash flow is $3,210/yr on $91,129 invested. Return on cash invested sits at 23.43% in year one, and rental yield is 8.6% on a $274,900 entry. Equity gained on principal adds $1,774/yr, while 5% annual appreciation builds toward $75,950 over five years. Five-year ROI reaches 121.76% and total cumulative return in cash sums $110,955. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,970/mo property income rather than buyer’s personal income.
Manufactured
Built in 1974
5,389 sqft lot
$N/A/sqft
$468 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85215, Mesa, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,525 (100%) |
| Owner Occupied HU | 6,196 (72.7%) |
| Renter Occupied HU | 787 ( 9.2%) |
| Vacant Housing Units | 1,542 (18.1%) |
| Median Home Value | $472,206 |
| Average Home Value | $524,875 |
Housing Distribution
Address Breakdown
Residential
9,036
Single Family
7,343
Multi-Family
1,693
Businesses
769
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Listed by: Courtnie Bower • My Home Group Real Estate
Mls Name: ARMLS
Mls Provider:
Mls ID: #6872624
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