1905 Palmer Dr APT 1Lake Havasu CityAZ86406
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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 Lake Havasu City at 1905 Palmer Dr APT 1, Lake Havasu City, AZ, 86406 uses $123,484 cash to close to unlock $1,371/yr annual cash flow and $114/mo monthly cash flow. Total monthly income runs $2,316/mo, and a $1,823/mo payment keeps the spread at $114/mo. Purchase price stands at $372,500, and rental yield measures 7.46% with $2,316/mo rent. Return on cash invested shows 21.02% in year one, and 5% annual appreciation builds toward $102,915 over five years. Five-year ROI reaches 108.46% and total cumulative return in cash records $133,930. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,316/mo property income covering a $1,823/mo payment rather than investor’s personal income.
Condo
Built in 1977
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 86406, Lake Havasu City, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,193 (100%) |
| Owner Occupied HU | 9,499 (62.5%) |
| Renter Occupied HU | 2,400 (15.8%) |
| Vacant Housing Units | 3,294 (21.7%) |
| Median Home Value | $458,898 |
| Average Home Value | $507,062 |
Housing Distribution
Address Breakdown
Residential
14,084
Single Family
13,399
Multi-Family
685
Businesses
175
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Listed by: Jesse Sides • eXp Realty
Mls Name: Lake Havasu AOR
Mls ID: #1037344