7244 E Azalea AveMesaAZ85208
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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 7244 E Azalea Ave, Mesa, AZ, 85208 generates $1,840/mo in rent and, after a $1,164/mo payment, leaves $403/mo in cash flow. Total monthly income is $1,840/mo, and annual cash flow is $4,839/yr on $78,864 invested. Return on cash invested sits at 26.04% in year one, and rental yield is 9.28% on a $237,900 entry. Equity gained on principal adds $1,535/yr, while 5% annual appreciation builds toward $65,727 over five years. Five-year ROI reaches 135.58% and total cumulative return in cash sums $106,923. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,840/mo property income rather than buyer’s personal income.
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
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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