102 Papago Springs RdElginAZ85611
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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 Elgin at 102 Papago Springs Rd, Elgin, AZ, 85611 offers $1,740/mo rent that, after a $5,139/mo payment. Total monthly income is $1,740/mo. Return on cash invested measures 4.61% in year one, and rental yield stands at 1.99% at a $1,050,000 entry. Equity gained on principal adds $6,775/yr while 5% annual appreciation compounds into $290,096 by year five. Five-year ROI records 20.36% and total cumulative return in cash reaches $69,269. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,740/mo property income versus a $5,139/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
17.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85611, Elgin, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 636 (100%) |
| Owner Occupied HU | 437 (68.7%) |
| Renter Occupied HU | 61 ( 9.6%) |
| Vacant Housing Units | 138 (21.7%) |
| Median Home Value | $420,775 |
| Average Home Value | $452,122 |
Housing Distribution
Address Breakdown
Residential
445
Single Family
445
Multi-Family
0
Businesses
8
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