640 S 85th WayMesaAZ85208
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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
Investment property for sale in Mesa at 640 S 85th Way, Mesa, AZ, 85208 offers a 11.65% rental yield on a $259,500 purchase with $2,520/mo rent. Total monthly income registers $2,520/mo, and a $1,270/mo payment leaves $974/mo available for distribution. Annual cash flow reaches $11,690/yr on $86,024 to close, and return on cash invested stands at 33.5% in year one. Equity gained on principal adds $1,675/yr while 5% annual appreciation supports $71,695 over five years. Portfolio math shows five-year ROI at 175.45% and total cumulative return in cash at $150,929. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,520/mo property income against a $1,270/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2020
6,307 sqft lot
$N/A/sqft
$144 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85208, Mesa, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,496 (100%) |
| Owner Occupied HU | 13,263 (61.7%) |
| Renter Occupied HU | 3,740 (17.4%) |
| Vacant Housing Units | 4,493 (20.9%) |
| Median Home Value | $266,676 |
| Average Home Value | $308,314 |
Housing Distribution
Address Breakdown
Residential
16,813
Single Family
12,475
Multi-Family
4,338
Businesses
474
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Listed by: Radojka Lala Smith • eXp Realty
Mls Name: ARMLS
Mls Provider:
Mls ID: #6767133
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