2464 N 56th StMesaAZ85215
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 2464 N 56th St, Mesa, AZ, 85215 earns $152/mo cash flow from $1,885/mo rent with a $1,370/mo payment. Total monthly income totals $1,885/mo, and annual cash flow totals $1,829/yr on $92,787 capital. ROI tracks 21.88% on current figures, and rental yield reads 8.08% at a $279,900 purchase. Equity gained on principal adds $1,806/yr, and 5% annual appreciation supports $77,331 over five years. Five-year ROI reaches 113.44% and total cumulative return in cash sums $105,253. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,885/mo property income instead of your personal income.
Manufactured
Built in 1980
5,630 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: Sherri L. Oman • Homelogic Real Estate
Mls Name: ARMLS
Mls Provider:
Mls ID: #6791312
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