2831 E Southern Ave UNIT 103MesaAZ85204
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 2831 E Southern Ave UNIT 103, Mesa, AZ, 85204 uses $92,820 cash to close to unlock $412/yr annual cash flow and $34/mo monthly cash flow. Total monthly income runs $1,954/mo, and a $1,370/mo payment keeps the spread at $34/mo. Purchase price stands at $280,000, and rental yield measures 8.37% with $1,954/mo rent. Return on cash invested shows 20.35% in year one, and 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 106.11% and total cumulative return in cash records $98,493. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,954/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Condo
Built in 2004
962 sqft lot
$N/A/sqft
$265 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85204, Mesa, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,734 (100%) |
| Owner Occupied HU | 14,311 (55.6%) |
| Renter Occupied HU | 9,482 (36.8%) |
| Vacant Housing Units | 1,941 ( 7.5%) |
| Median Home Value | $371,164 |
| Average Home Value | $418,248 |
Housing Distribution
Address Breakdown
Residential
22,727
Single Family
15,078
Multi-Family
7,649
Businesses
1,338
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
