217 Grove AvePrescottAZ86301
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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 Prescott at 217 Grove Ave, Prescott, AZ, 86301 uses $137,573 cash to close to unlock $5,713/yr annual cash flow and $476/mo monthly cash flow. Total monthly income runs $2,929/mo, and a $2,031/mo payment keeps the spread at $476/mo. Purchase price stands at $415,000, and rental yield measures 8.47% with $2,929/mo rent. Return on cash invested shows 24.06% in year one, and 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 124.78% and total cumulative return in cash records $171,657. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,929/mo property income covering a $2,031/mo payment rather than investor’s personal income.
Single Family
Built in 1951
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 86301, Prescott, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,198 (100%) |
| Owner Occupied HU | 9,261 (60.9%) |
| Renter Occupied HU | 3,892 (25.6%) |
| Vacant Housing Units | 2,045 (13.5%) |
| Median Home Value | $563,521 |
| Average Home Value | $599,411 |
Housing Distribution
Address Breakdown
Residential
13,616
Single Family
9,599
Multi-Family
4,017
Businesses
1,437
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Listed by: Heather Hill • W and Partners, LLC
Mls Name: PAAR
Mls Provider:
Mls ID: #1072619
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.