1775 Bimini Ln UNIT E3Lake Havasu CityAZ86403
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 1775 Bimini Ln UNIT E3, Lake Havasu City, AZ, 86403 in Lake Havasu City: $1,892/mo in rent, $224/mo in net income, 9.47% gross yield, 1.75 DSCR, all at $239,900. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $66,280 in appreciation and $2,210/yr in principal paydown projects total cumulative return of $106,209.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 5.2% |
| Monthly Cash Flow | $224 | $1,250 |
City averages based on Lake Havasu City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,892 |
| Total Monthly Debt Service | $1,573 |
| DSCR Ratio | 1.20x |
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 1993
871.20 sqft lot
$N/A/sqft
$250 monthly HOA
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 1993
871.20 sqft lot
$N/A/sqft
$250 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nicholas Lang • eXp Realty
Mls Name: Lake Havasu AOR
Mls Provider:
Mls ID: #1033322
Disclaimer: Copyright Lake Havasu Association of Realtors / LHAR. All rights reserved. Information is deemed reliable but not guaranteed.