3111 E Irwin AveMesaAZ85204
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play3111 E Irwin Ave, Mesa, AZ, 85204 in Mesa is priced for appreciation, not yield. Rental yield 3.79%. At $1,500,000 with a 3.79% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $414,422 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.70) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $301,641.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.8% | 5.5% |
| Monthly Cash Flow | $(4,123) | $450 |
City averages based on Mesa market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,744 |
| Total Monthly Debt Service | $8,270 |
| DSCR Ratio | 0.57x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1984
0.81 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1984
0.81 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices