1040 N Lakepoint WayFlagstaffAZ86004
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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 Flagstaff at 1040 N Lakepoint Way, Flagstaff, AZ, 86004 offers $2,820/mo rent that, after a $3,274/mo payment. Total monthly income is $2,820/mo. Return on cash invested measures 11.99% in year one, and rental yield stands at 5.06% at a $669,000 entry. Equity gained on principal adds $4,317/yr while 5% annual appreciation compounds into $184,832 by year five. Five-year ROI records 60.69% and total cumulative return in cash reaches $133,575. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,820/mo property income versus a $3,274/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1985
2,414 sqft lot
$N/A/sqft
$1,036 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 86004, Flagstaff, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,163 (100%) |
| Owner Occupied HU | 9,925 (57.8%) |
| Renter Occupied HU | 5,010 (29.2%) |
| Vacant Housing Units | 2,228 (13.0%) |
| Median Home Value | $575,615 |
| Average Home Value | $605,744 |
Housing Distribution
Address Breakdown
Residential
15,711
Single Family
13,255
Multi-Family
2,456
Businesses
1,057
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Listed by: Michael Koester • Michael Koester Realty
Mls Name: ARMLS
Mls Provider:
Mls ID: #6792581
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