253 N Fraser DrMesaAZ85203
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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
Rental property for sale in Mesa at 253 N Fraser Dr, Mesa, AZ, 85203 priced at $705,800 converts $2,371/mo rent into after a $3,455/mo obligation. Total monthly income equals $2,371/mo. Return on cash invested prints 10.75% in year one, and rental yield reads 4.03% against a $705,800 entry. Equity gained on principal adds $4,554/yr, while 5% annual appreciation compiles into $195,000 by year five. Five-year ROI reaches 53.34% and total cumulative return in cash sums $123,853. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,371/mo property income covering a $3,455/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85203, Mesa, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,569 (100%) |
| Owner Occupied HU | 7,917 (58.3%) |
| Renter Occupied HU | 5,053 (37.2%) |
| Vacant Housing Units | 599 ( 4.4%) |
| Median Home Value | $478,526 |
| Average Home Value | $554,456 |
Housing Distribution
Address Breakdown
Residential
13,537
Single Family
9,148
Multi-Family
4,389
Businesses
664
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