16631 E El Lago Blvd UNIT 301Fountain HillsAZ85268
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 16631 E El Lago Blvd UNIT 301, Fountain Hills, AZ, 85268 in Fountain Hills: $2,438/mo in rent, $325/mo in net income, 8.18% gross yield, 1.52 DSCR, all at $357,500. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $98,771 in appreciation and $3,293/yr in principal paydown projects total cumulative return of $156,022.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 5.0% |
| Monthly Cash Flow | $325 | $1,500 |
City averages based on Fountain Hills market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,438 |
| Total Monthly Debt Service | $1,971 |
| DSCR Ratio | 1.24x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2002
107 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2002
107 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tamra Lee Ulmer • Arizona Resource Realty
Mls Name: ARMLS
Mls ID: #6897225