1490 State Highway 83ElginAZ85611
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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 Elgin at 1490 State Highway 83, Elgin, AZ, 85611 uses $179,634 cash to close to unlock $779/yr annual cash flow and $65/mo monthly cash flow. Total monthly income runs $3,292/mo, and a $2,672/mo payment keeps the spread at $65/mo. Purchase price stands at $546,000, and rental yield measures 7.24% with $3,292/mo rent. Return on cash invested shows 20.49% in year one, and 5% annual appreciation builds toward $150,850 over five years. Five-year ROI reaches 105.57% and total cumulative return in cash records $189,638. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,292/mo property income covering a $2,672/mo payment rather than investor’s personal income.
Single Family
Built in 1992
1.04 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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