240 S Old Litchfield Rd UNIT 109Litchfield ParkAZ85340
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
Investment Highlights
Investment property for sale in Litchfield Park at 240 S Old Litchfield Rd UNIT 109, Litchfield Park, AZ, 85340 earns $353/mo cash flow from $2,252/mo rent with a $1,199/mo payment. Total monthly income totals $2,252/mo, and annual cash flow totals $4,236/yr on $81,184 capital. ROI tracks 25.13% on current figures, and rental yield reads 11.03% at a $244,900 purchase. Equity gained on principal adds $1,580/yr, and 5% annual appreciation supports $67,661 over five years. Five-year ROI reaches 132.93% and total cumulative return in cash sums $107,921. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,252/mo property income instead of your personal income.
Apartment
Built in 1972
986 sqft lot
$N/A/sqft
$451 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85340, Litchfield Park, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,855 (100%) |
| Owner Occupied HU | 12,616 (79.6%) |
| Renter Occupied HU | 2,214 (14.0%) |
| Vacant Housing Units | 1,025 ( 6.5%) |
| Median Home Value | $587,764 |
| Average Home Value | $616,464 |
Housing Distribution
Address Breakdown
Residential
14,565
Single Family
8,427
Multi-Family
6,138
Businesses
858
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Listed by: Patrick Foster • A.Z. & Associates
Mls Name: ARMLS
Mls Provider:
Mls ID: #6846795
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