1404 Merritt LnChino ValleyAZ86323
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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 Chino Valley at 1404 Merritt Ln, Chino Valley, AZ, 86323 listed at $240,000 pairs $1,983/mo rent with a $1,175/mo payment to leave $564/mo cash flow. Total monthly income runs $1,983/mo, and annual cash flow reaches $6,768/yr on $79,560 cash to close. Return on cash invested measures 28.42% in year one, and rental yield registers 9.92% at a $240,000 basis. Equity gained on principal adds $1,549/yr, and annual property appreciation at 5% supports $66,308 by year five. Five-year ROI tracks 148.09% and total cumulative return in cash totals $117,818. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,983/mo property income relative to a $1,175/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1963
7,402 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 86323, Chino Valley, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,779 (100%) |
| Owner Occupied HU | 7,049 (80.3%) |
| Renter Occupied HU | 1,166 (13.3%) |
| Vacant Housing Units | 564 ( 6.4%) |
| Median Home Value | $425,388 |
| Average Home Value | $495,954 |
Housing Distribution
Address Breakdown
Residential
7,560
Single Family
7,387
Multi-Family
173
Businesses
556
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Listed by: Brad Bergamini • Keller Williams Arizona Realty
Mls Name: ARMLS
Mls ID: #6862322