3062 N OlympicMesaAZ85215
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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
Investment property for sale in Mesa at 3062 N Olympic, Mesa, AZ, 85215 listed at $470,999 pairs $2,934/mo rent with a $2,305/mo payment to leave $150/mo cash flow. Total monthly income runs $2,934/mo, and annual cash flow reaches $1,802/yr on $156,136 cash to close. Return on cash invested measures 21.06% in year one, and rental yield registers 7.48% at a $470,999 basis. Equity gained on principal adds $3,039/yr, and annual property appreciation at 5% supports $130,128 by year five. Five-year ROI tracks 108.69% and total cumulative return in cash totals $169,703. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,934/mo property income relative to a $2,305/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1994
8,069 sqft lot
$N/A/sqft
No 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: Kelly Kenyon • Realty ONE Group
Mls Name: ARMLS
Mls Provider:
Mls ID: #6785096
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