720 S Dobson Rd UNIT 24MesaAZ85202
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
Investment property for sale in Mesa at 720 S Dobson Rd UNIT 24, Mesa, AZ, 85202 uses $92,654 cash to close to unlock $1,534/yr annual cash flow and $128/mo monthly cash flow. Total monthly income runs $2,034/mo, and a $1,368/mo payment keeps the spread at $128/mo. Purchase price stands at $279,500, and rental yield measures 8.73% with $2,034/mo rent. Return on cash invested shows 21.56% in year one, and 5% annual appreciation builds toward $77,221 over five years. Five-year ROI reaches 112.54% and total cumulative return in cash records $104,276. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,034/mo property income covering a $1,368/mo payment rather than investor’s personal income.
Townhouse
Built in 1972
1,329 sqft lot
$N/A/sqft
$254 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85202, Mesa, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,736 (100%) |
| Owner Occupied HU | 8,516 (43.1%) |
| Renter Occupied HU | 10,388 (52.6%) |
| Vacant Housing Units | 832 ( 4.2%) |
| Median Home Value | $415,460 |
| Average Home Value | $444,336 |
Housing Distribution
Address Breakdown
Residential
17,578
Single Family
9,608
Multi-Family
7,970
Businesses
984
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Listed by: Jaime Morales • HomeSmart
Mls Name: ARMLS
Mls Provider:
Mls ID: #6849461
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