3102 E Backus RdMesaAZ85213
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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 3102 E Backus Rd, Mesa, AZ, 85213 earns from $2,318/mo rent with a $4,895/mo payment. Total monthly income totals $2,318/mo. ROI tracks 6.95% on current figures, and rental yield reads 2.78% at a $1,000,000 purchase. Equity gained on principal adds $6,453/yr, and 5% annual appreciation supports $276,282 over five years. Five-year ROI reaches 32.97% and total cumulative return in cash sums $108,460. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,318/mo property income instead of your personal income.
Single Family
Built in 1964
2.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85213, Mesa, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,467 (100%) |
| Owner Occupied HU | 9,478 (70.4%) |
| Renter Occupied HU | 2,552 (19.0%) |
| Vacant Housing Units | 1,437 (10.7%) |
| Median Home Value | $499,327 |
| Average Home Value | $547,277 |
Housing Distribution
Address Breakdown
Residential
15,071
Single Family
10,801
Multi-Family
4,270
Businesses
374
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