16501 N El Mirage Rd LOT 556SurpriseAZ85378
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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 16501 N El Mirage Rd LOT 556, Surprise, AZ, 85378 generates $1,300/mo in rent and, after a $807/mo payment, leaves $325/mo in cash flow. Total monthly income is $1,300/mo, and annual cash flow is $3,904/yr on $54,681 invested. Return on cash invested sits at 27.05% in year one, and rental yield is 9.46% on a $164,950 entry. Equity gained on principal adds $1,064/yr, while 5% annual appreciation builds toward $45,573 over five years. Five-year ROI reaches 140.84% and total cumulative return in cash sums $77,012. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,300/mo property income rather than buyer’s personal income.
Manufactured
Built in 1995
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85378, Surprise, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,249 (100%) |
| Owner Occupied HU | 2,502 (58.9%) |
| Renter Occupied HU | 1,203 (28.3%) |
| Vacant Housing Units | 544 (12.8%) |
| Median Home Value | $355,804 |
| Average Home Value | $452,513 |
Housing Distribution
Address Breakdown
Residential
3,823
Single Family
2,274
Multi-Family
1,549
Businesses
394
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