2661 N Higley RdMesaAZ85215
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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 2661 N Higley Rd, Mesa, AZ, 85215 priced at $316,000 converts $2,896/mo rent into $950/mo cash flow after a $1,547/mo obligation. Total monthly income equals $2,896/mo, and annual cash flow totals $11,397/yr on $104,754 invested. Return on cash invested prints 30.79% in year one, and rental yield reads 11% against a $316,000 entry. Equity gained on principal adds $2,039/yr, while 5% annual appreciation compiles into $87,305 by year five. Five-year ROI reaches 161.14% and total cumulative return in cash sums $168,799. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,896/mo property income covering a $1,547/mo payment, not borrower’s personal income.
Manufactured
Built in 1978
5,649 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: Mary Almaguer • Apache Gold Realty, LLC
Mls Name: ARMLS
Mls Provider:
Mls ID: #6764168
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