16101 N El Mirage Rd #16El MirageAZ85335
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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 El Mirage at 16101 N El Mirage Rd #16, El Mirage, AZ, 85335 generates $1,496/mo in rent and, after a $925/mo payment, leaves $379/mo in cash flow. Total monthly income is $1,496/mo, and annual cash flow is $4,546/yr on $62,654 invested. Return on cash invested sits at 27.17% in year one, and rental yield is 9.5% on a $189,000 entry. Equity gained on principal adds $1,220/yr, while 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 141.4% and total cumulative return in cash sums $88,594. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,496/mo property income rather than buyer’s personal income.
Manufactured
Built in 2023
37.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85335, El Mirage, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,942 (100%) |
| Owner Occupied HU | 8,037 (67.3%) |
| Renter Occupied HU | 3,008 (25.2%) |
| Vacant Housing Units | 897 ( 7.5%) |
| Median Home Value | $344,622 |
| Average Home Value | $412,981 |
Housing Distribution
Address Breakdown
Residential
10,353
Single Family
8,346
Multi-Family
2,007
Businesses
347
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Listed by: George Laughton • My Home Group Real Estate
Mls Name: ARMLS
Mls Provider:
Mls ID: #6852673
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