23920 W Cannon DrCongressAZ85332
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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 Congress at 23920 W Cannon Dr, Congress, AZ, 85332 uses $114,368 cash to close to unlock $3,603/yr annual cash flow and $300/mo monthly cash flow. Total monthly income runs $2,340/mo, and a $1,689/mo payment keeps the spread at $300/mo. Purchase price stands at $345,000, and rental yield measures 8.14% with $2,340/mo rent. Return on cash invested shows 23.06% in year one, and 5% annual appreciation builds toward $95,317 over five years. Five-year ROI reaches 119.4% and total cumulative return in cash records $136,552. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,340/mo property income covering a $1,689/mo payment rather than investor’s personal income.
Single Family
Built in 1984
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85332, Congress, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,314 (100%) |
| Owner Occupied HU | 956 (72.8%) |
| Renter Occupied HU | 67 ( 5.1%) |
| Vacant Housing Units | 291 (22.1%) |
| Median Home Value | $601,935 |
| Average Home Value | $662,937 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
40
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Listed by: Daniel Caudle • Award Realty
Mls Name: ARMLS
Mls Provider:
Mls ID: #6786414
Disclaimer: All information should be verified by the recipient and none is guaranteed as accurate by ARMLS Listing Information presented by local MLS brokerage: Zillow, Inc., Designated REALTOR- Chris Long - (480) 907-1010