3362 E Carol AveMesaAZ85204
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
Investment Highlights
Rental property for sale in Mesa at 3362 E Carol Ave, Mesa, AZ, 85204 offers $2,269/mo rent that, after a $2,105/mo payment. Total monthly income is $2,269/mo. Return on cash invested measures 17.61% in year one, and rental yield stands at 6.33% at a $430,000 entry. Equity gained on principal adds $2,775/yr while 5% annual appreciation compounds into $118,801 by year five. Five-year ROI records 90.15% and total cumulative return in cash reaches $128,499. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,269/mo property income versus a $2,105/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
9,038 sqft 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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