1516 W Ridge RdApache JunctionAZ85120
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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 Apache Junction at 1516 W Ridge Rd, Apache Junction, AZ, 85120 priced at $592,990 converts $3,433/mo rent into after a $2,902/mo obligation. Total monthly income equals $3,433/mo. Return on cash invested prints 18.82% in year one, and rental yield reads 6.95% against a $592,990 entry. Equity gained on principal adds $3,826/yr, while 5% annual appreciation compiles into $163,832 by year five. Five-year ROI reaches 96.9% and total cumulative return in cash sums $189,043. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,433/mo property income covering a $2,902/mo payment, not borrower’s personal income.
Single Family
Built in 2025
6,248 sqft lot
$N/A/sqft
$130 monthly HOA
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Nearby investment properties with comparable prices
Listed by: Kathleen J Spencer • Lennar Sales Corp
Mls Name: ARMLS
Mls Provider:
Mls ID: #6875657
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