4625 E Garnet CirMesaAZ85206
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 4625 E Garnet Cir, Mesa, AZ, 85206 offers $3,178/mo rent that, after a $6,583/mo payment. Total monthly income is $3,178/mo. Return on cash invested measures 6.68% in year one, and rental yield stands at 2.84% at a $1,344,990 entry. Equity gained on principal adds $8,679/yr while 5% annual appreciation compounds into $371,596 by year five. Five-year ROI records 31.62% and total cumulative return in cash reaches $137,776. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,178/mo property income versus a $6,583/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
0.51 Acres lot
$N/A/sqft
$200 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85206, Mesa, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,893 (100%) |
| Owner Occupied HU | 11,450 (54.8%) |
| Renter Occupied HU | 5,261 (25.2%) |
| Vacant Housing Units | 4,182 (20.0%) |
| Median Home Value | $389,695 |
| Average Home Value | $419,820 |
Housing Distribution
Address Breakdown
Residential
18,415
Single Family
11,354
Multi-Family
7,061
Businesses
1,126
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Listed by: Thomas L Wiederstein • Redfin Corporation
Mls Name: ARMLS
Mls Provider:
Mls ID: #6698697
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