2240 E 3rd AveFlagstaffAZ86004
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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
Rental property for sale in Flagstaff at 2240 E 3rd Ave, Flagstaff, AZ, 86004 generates $2,759/mo in rent and, after a $2,031/mo payment, leaves $306/mo in cash flow. Total monthly income is $2,759/mo, and annual cash flow is $3,673/yr on $137,573 invested. Return on cash invested sits at 22.58% in year one, and rental yield is 7.98% on a $415,000 entry. Equity gained on principal adds $2,678/yr, while 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 116.83% and total cumulative return in cash sums $160,725. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,759/mo property income rather than buyer’s personal income.
Single Family
Built in 1958
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 86004, Flagstaff, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,163 (100%) |
| Owner Occupied HU | 9,925 (57.8%) |
| Renter Occupied HU | 5,010 (29.2%) |
| Vacant Housing Units | 2,228 (13.0%) |
| Median Home Value | $575,615 |
| Average Home Value | $605,744 |
Housing Distribution
Address Breakdown
Residential
15,711
Single Family
13,255
Multi-Family
2,456
Businesses
1,057
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