2316 N Demaret 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
Investment property for sale in Mesa at 2316 N Demaret Dr, Mesa, AZ, 85215 at $277,000 posts ROI 24.12% with $322/mo cash flow from $1,960/mo rent. Total monthly income equals $1,960/mo, and annual cash flow records $3,869/yr on $91,826 to close. Return on cash invested measures 24.12% and rental yield reads 8.49% at the current $277,000. Equity gained on principal adds $1,787/yr, and 5% annual appreciation supports $76,530 by year five. Five-year ROI prints 125.11% and total cumulative return in cash totals $114,879.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,960/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 1977
5,352 sqft lot
$N/A/sqft
No 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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Nearby investment properties with comparable prices
Listed by: Joe P Pascale • Real Broker
Mls Name: ARMLS
Mls Provider:
Mls ID: #6853410
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