724 E Park PlMesaAZ85203
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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 724 E Park Pl, Mesa, AZ, 85203 uses $107,704 cash to close to unlock $7,760/yr annual cash flow and $647/mo monthly cash flow. Total monthly income runs $2,567/mo, and a $1,590/mo payment keeps the spread at $647/mo. Purchase price stands at $324,900, and rental yield measures 9.48% with $2,567/mo rent. Return on cash invested shows 27.11% in year one, and 5% annual appreciation builds toward $89,764 over five years. Five-year ROI reaches 141.12% and total cumulative return in cash records $151,997. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,567/mo property income covering a $1,590/mo payment rather than investor’s personal income.
Single Family
Built in 1962
4,661 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85203, Mesa, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,569 (100%) |
| Owner Occupied HU | 7,917 (58.3%) |
| Renter Occupied HU | 5,053 (37.2%) |
| Vacant Housing Units | 599 ( 4.4%) |
| Median Home Value | $478,526 |
| Average Home Value | $554,456 |
Housing Distribution
Address Breakdown
Residential
13,537
Single Family
9,148
Multi-Family
4,389
Businesses
664
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