20656 E Wagon WayCordes LakesAZ86333
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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 Cordes Lakes at 20656 E Wagon Way, Cordes Lakes, AZ, 86333 offers a 8.4% rental yield on a $299,900 purchase with $2,100/mo rent. Total monthly income registers $2,100/mo, and a $1,468/mo payment leaves $327/mo available for distribution. Annual cash flow reaches $3,925/yr on $99,417 to close, and return on cash invested stands at 23.86% in year one. Equity gained on principal adds $1,935/yr while 5% annual appreciation supports $82,857 over five years. Portfolio math shows five-year ROI at 123.7% and total cumulative return in cash at $122,980. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,100/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 86333, Mayer, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,374 (100%) |
| Owner Occupied HU | 2,401 (71.2%) |
| Renter Occupied HU | 502 (14.9%) |
| Vacant Housing Units | 471 (14.0%) |
| Median Home Value | $229,370 |
| Average Home Value | $526,686 |
Housing Distribution
Address Breakdown
Residential
2,253
Single Family
2,154
Multi-Family
99
Businesses
116
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Listed by: Christopher Bratt • RealtyONEGroup Mountain Desert
Mls Name: ARMLS
Mls ID: #6900189