2 HEATHER HILLS LaneElginAZ85611
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 2 HEATHER HILLS Lane, Elgin, AZ, 85611 in Elgin: $1,740/mo in rent, $363/mo in net income, 8.96% gross yield, 1.66 DSCR, all at $233,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $64,374 in appreciation and $2,146/yr in principal paydown projects total cumulative return of $111,443.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 9.0% |
| Monthly Cash Flow | $363 | $400 |
City averages based on Elgin market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,740 |
| Total Monthly Debt Service | $1,285 |
| DSCR Ratio | 1.35x |
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.
Manufactured
Built in 1996
2.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85611, Elgin, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 636 (100%) |
| Owner Occupied HU | 437 (68.7%) |
| Renter Occupied HU | 61 ( 9.6%) |
| Vacant Housing Units | 138 (21.7%) |
| Median Home Value | $420,775 |
| Average Home Value | $452,122 |
Housing Distribution
Address Breakdown
Residential
445
Single Family
445
Multi-Family
0
Businesses
8
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
Manufactured
Built in 1996
2.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85611, Elgin, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 636 (100%) |
| Owner Occupied HU | 437 (68.7%) |
| Renter Occupied HU | 61 ( 9.6%) |
| Vacant Housing Units | 138 (21.7%) |
| Median Home Value | $420,775 |
| Average Home Value | $452,122 |
Housing Distribution
Address Breakdown
Residential
445
Single Family
445
Multi-Family
0
Businesses
8
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices