540 N May St #1148MesaAZ85201
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 9.24% yield at 540 N May St #1148, Mesa, AZ, 85201 in Mesa is solid, but the $944/mo payment compresses net cash flow to $48/mo at $209,888. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $57,988 by year five, and $1,933/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.71) without U.S. income documentation. Total projected return: $103,494.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 5.5% |
| Monthly Cash Flow | $48 | $450 |
City averages based on Mesa market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,616 |
| Total Monthly Debt Service | $1,157 |
| DSCR Ratio | 1.40x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Condo
Built in 1983
883 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85201, Mesa, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,963 (100%) |
| Owner Occupied HU | 8,572 (40.9%) |
| Renter Occupied HU | 10,672 (50.9%) |
| Vacant Housing Units | 1,719 ( 8.2%) |
| Median Home Value | $367,804 |
| Average Home Value | $396,596 |
Housing Distribution
Address Breakdown
Residential
21,342
Single Family
10,049
Multi-Family
11,293
Businesses
1,119
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
Condo
Built in 1983
883 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85201, Mesa, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,963 (100%) |
| Owner Occupied HU | 8,572 (40.9%) |
| Renter Occupied HU | 10,672 (50.9%) |
| Vacant Housing Units | 1,719 ( 8.2%) |
| Median Home Value | $367,804 |
| Average Home Value | $396,596 |
Housing Distribution
Address Breakdown
Residential
21,342
Single Family
10,049
Multi-Family
11,293
Businesses
1,119
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices