948 S Alma School Rd UNIT 114MesaAZ85210
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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 948 S Alma School Rd UNIT 114, Mesa, AZ, 85210 uses $81,218 cash to close to unlock $2,207/yr annual cash flow and $184/mo monthly cash flow. Total monthly income runs $1,846/mo, and a $1,199/mo payment keeps the spread at $184/mo. Purchase price stands at $245,000, and rental yield measures 9.04% with $1,846/mo rent. Return on cash invested shows 22.63% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 118.19% and total cumulative return in cash records $95,988. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,846/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Townhouse
Built in 1975
963 sqft lot
$N/A/sqft
$214 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85210, Mesa, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,133 (100%) |
| Owner Occupied HU | 6,733 (41.7%) |
| Renter Occupied HU | 8,377 (51.9%) |
| Vacant Housing Units | 1,023 ( 6.3%) |
| Median Home Value | $398,652 |
| Average Home Value | $459,680 |
Housing Distribution
Address Breakdown
Residential
15,731
Single Family
7,218
Multi-Family
8,513
Businesses
1,848
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Listed by: Joseph MacGregor • Keller Williams Realty Phoenix
Mls Name: ARMLS
Mls Provider:
Mls ID: #6779580
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