16074 W Cortez StSurpriseAZ85379
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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 Surprise at 16074 W Cortez St, Surprise, AZ, 85379 generates $2,291/mo in rent, after a $3,214/mo payment. Total monthly income is $2,291/mo. Return on cash invested sits at 10.78% in year one, and rental yield is 4.19% on a $656,656 entry. Equity gained on principal adds $4,237/yr, while 5% annual appreciation builds toward $181,422 over five years. Five-year ROI reaches 53.66% and total cumulative return in cash sums $115,923. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,291/mo property income rather than buyer’s personal income.
Single Family
Built in 2015
7,245 sqft lot
$N/A/sqft
$80 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85379, Surprise, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,373 (100%) |
| Owner Occupied HU | 12,637 (72.7%) |
| Renter Occupied HU | 3,709 (21.3%) |
| Vacant Housing Units | 1,027 ( 5.9%) |
| Median Home Value | $472,566 |
| Average Home Value | $533,840 |
Housing Distribution
Address Breakdown
Residential
16,870
Single Family
13,785
Multi-Family
3,085
Businesses
207
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Listed by: Sheryl Smay • AZ Unique Homes, LLC
Mls Name: ARMLS
Mls Provider:
Mls ID: #6691064
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