3104 E Broadway Rd #51MesaAZ85204
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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 3104 E Broadway Rd #51, Mesa, AZ, 85204 generates $916/mo in rent and, after a $582/mo payment, leaves $213/mo in cash flow. Total monthly income is $916/mo, and annual cash flow is $2,556/yr on $39,449 invested. Return on cash invested sits at 26.39% in year one, and rental yield is 9.24% on a $119,000 entry. Equity gained on principal adds $768/yr, while 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 137.36% and total cumulative return in cash sums $54,185. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $916/mo property income rather than buyer’s personal income.
Manufactured
Built in 2007
N/A lot
$N/A/sqft
No 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
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Listed by: Austin Reckard • Realty ONE Group
Mls Name: ARMLS
Mls Provider:
Mls ID: #6773985
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