2380 E Summit AvePrescottAZ86303
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe 7.26% yield at 2380 E Summit Ave, Prescott, AZ, 86303 in Prescott is solid, but the $2,684/mo payment compresses net cash flow to $64/mo at $597,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $164,940 by year five, and $5,498/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.35) without U.S. income documentation. Total projected return: $230,935.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.3% | 5.2% |
| Monthly Cash Flow | $64 | $1,250 |
City averages based on Prescott market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,610 |
| Total Monthly Debt Service | $3,291 |
| DSCR Ratio | 1.10x |
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.
Single Family
Built in 2001
2.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 86303, Prescott, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,455 (100%) |
| Owner Occupied HU | 7,106 (57.1%) |
| Renter Occupied HU | 2,609 (20.9%) |
| Vacant Housing Units | 2,740 (22.0%) |
| Median Home Value | $592,994 |
| Average Home Value | $629,955 |
Housing Distribution
Address Breakdown
Residential
10,760
Single Family
9,300
Multi-Family
1,460
Businesses
520
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
Single Family
Built in 2001
2.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 86303, Prescott, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,455 (100%) |
| Owner Occupied HU | 7,106 (57.1%) |
| Renter Occupied HU | 2,609 (20.9%) |
| Vacant Housing Units | 2,740 (22.0%) |
| Median Home Value | $592,994 |
| Average Home Value | $629,955 |
Housing Distribution
Address Breakdown
Residential
10,760
Single Family
9,300
Multi-Family
1,460
Businesses
520
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices