7244 E Azalea AveMesaAZ85208
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 7244 E Azalea Ave, Mesa, AZ, 85208 in Mesa earns a 9.28% gross yield at $237,900. Rent of $1,840/mo nets $402/mo after the $1,070/mo mortgage. The 1.72 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $65,727 and $2,191/yr in equity accumulation project a total cumulative return of $115,992.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 5.5% |
| Monthly Cash Flow | $402 | $450 |
City averages based on Mesa market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,840 |
| Total Monthly Debt Service | $1,343 |
| DSCR Ratio | 1.37x |
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.
Manufactured
Built in 1997
6,016 sqft lot
$N/A/sqft
$371 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
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
Manufactured
Built in 1997
6,016 sqft lot
$N/A/sqft
$371 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: David Terwilliger • HomeSmart
Mls Name: ARMLS
Mls Provider:
Mls ID: #6843631
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