2380 E Summit AvePrescottAZ86303
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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 Prescott at 2380 E Summit Ave, Prescott, AZ, 86303 generates $2,885/mo in rent, after a $3,167/mo payment. Total monthly income is $2,885/mo. Return on cash invested sits at 14.67% in year one, and rental yield is 5.35% on a $647,000 entry. Equity gained on principal adds $4,175/yr, while 5% annual appreciation builds toward $178,754 over five years. Five-year ROI reaches 74.38% and total cumulative return in cash sums $158,324. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,885/mo property income rather than buyer’s personal income.
Single Family
Built in 2001
2.06 Acres lot
$N/A/sqft
$200 annually 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
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Listed by: Conrad Walton • Realty ONE Group Mountain Desert
Mls Name: PAAR
Mls Provider:
Mls ID: #1074488
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.