853 S Evangeline 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
Investment property for sale in Mesa at 853 S Evangeline Ave, Mesa, AZ, 85208 with 5% annual appreciation on a $187,000 basis while $1,451/mo rent supports operations. Total monthly income totals $1,451/mo and a $915/mo payment preserves $346/mo for cash returns. Annual cash flow comes to $4,151/yr on $61,991 deployed, and return on cash invested reaches 26.6% in year one. Equity gained on principal adds $1,207/yr, and five-year appreciation sums $51,665 alongside rental yield of 9.31%. Five-year ROI measures 138.38% and total cumulative return in cash totals $85,782.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,451/mo property income versus a $915/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1997
6,386 sqft lot
$N/A/sqft
No 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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