653 S Pico CirMesaAZ85206
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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
Rental property for sale in Mesa at 653 S Pico Cir, Mesa, AZ, 85206 priced at $284,900 converts $2,006/mo rent into $268/mo cash flow after a $1,394/mo obligation. Total monthly income equals $2,006/mo, and annual cash flow totals $3,218/yr on $94,444 invested. Return on cash invested prints 23.32% in year one, and rental yield reads 8.45% against a $284,900 entry. Equity gained on principal adds $1,838/yr, while 5% annual appreciation compiles into $78,713 by year five. Five-year ROI reaches 121.04% and total cumulative return in cash sums $114,311. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,006/mo property income covering a $1,394/mo payment, not borrower’s personal income.
Single Family
Built in 1977
8,456 sqft lot
$N/A/sqft
$650 annually 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: Dawn Bahr • HomeSmart
Mls Name: ARMLS
Mls Provider:
Mls ID: #6776915
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