311 E 6th AveMesaAZ85210
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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 311 E 6th Ave, Mesa, AZ, 85210 priced at $430,000 converts $3,716/mo rent into $1,174/mo cash flow after a $2,105/mo obligation. Total monthly income equals $3,716/mo, and annual cash flow totals $14,086/yr on $142,545 invested. Return on cash invested prints 29.79% in year one, and rental yield reads 10.37% against a $430,000 entry. Equity gained on principal adds $2,775/yr, while 5% annual appreciation compiles into $118,801 by year five. Five-year ROI reaches 155.46% and total cumulative return in cash sums $221,607. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,716/mo property income covering a $2,105/mo payment, not borrower’s personal income.
Multi Family
Built in 1971
7,305 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85210, Mesa, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,133 (100%) |
| Owner Occupied HU | 6,733 (41.7%) |
| Renter Occupied HU | 8,377 (51.9%) |
| Vacant Housing Units | 1,023 ( 6.3%) |
| Median Home Value | $398,652 |
| Average Home Value | $459,680 |
Housing Distribution
Address Breakdown
Residential
15,731
Single Family
7,218
Multi-Family
8,513
Businesses
1,848
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Listed by: Maria G Herrera • My Home Group Real Estate
Mls Name: ARMLS
Mls Provider:
Mls ID: #6834404
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