3055 N Red Mountain UNIT 122MesaAZ85207
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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
Total monthly income runs $2,610/mo, and a $2,800/mo payment. Purchase price stands at $572,000, and rental yield measures 5.48% with $2,610/mo rent. Return on cash invested shows 14.11% in year one, and 5% annual appreciation builds toward $158,033 over five years. Five-year ROI reaches 71.71% and total cumulative return in cash records $134,957. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,610/mo property income covering a $2,800/mo payment rather than investor’s personal income.
Single Family
Built in 1997
6,059 sqft lot
$N/A/sqft
$486 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85207, Mesa, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,654 (100%) |
| Owner Occupied HU | 15,873 (70.1%) |
| Renter Occupied HU | 3,772 (16.7%) |
| Vacant Housing Units | 3,009 (13.3%) |
| Median Home Value | $546,288 |
| Average Home Value | $587,498 |
Housing Distribution
Address Breakdown
Residential
21,051
Single Family
11,831
Multi-Family
9,220
Businesses
405
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Listed by: Mary Lokka • Century 21 Arizona Foothills
Mls Name: ARMLS
Mls Provider:
Mls ID: #6869500
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