16622 E Avenue Of The Fountains SUITE 200Fountain HillsAZ85268
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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 Fountain Hills at 16622 E Avenue Of The Fountains SUITE 200, Fountain Hills, AZ, 85268 uses $131,937 cash to close to unlock $1,024/yr annual cash flow and $85/mo monthly cash flow. Total monthly income runs $2,438/mo, and a $1,948/mo payment keeps the spread at $85/mo. Purchase price stands at $398,000, and rental yield measures 7.35% with $2,438/mo rent. Return on cash invested shows 20.69% in year one, and 5% annual appreciation builds toward $109,960 over five years. Five-year ROI reaches 106.66% and total cumulative return in cash records $140,724. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,438/mo property income covering a $1,948/mo payment rather than investor’s personal income.
Condo
Built in 1986
968 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85268, Fountain Hills, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,249 (100%) |
| Owner Occupied HU | 9,938 (69.7%) |
| Renter Occupied HU | 2,006 (14.1%) |
| Vacant Housing Units | 2,305 (16.2%) |
| Median Home Value | $670,983 |
| Average Home Value | $772,614 |
Housing Distribution
Address Breakdown
Residential
14,099
Single Family
9,319
Multi-Family
4,780
Businesses
600
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Listed by: Daniel McCallum • Russ Lyon Sotheby's International Realty
Mls Name: ARMLS
Mls ID: #6962196