24038 N 162nd LnSurpriseAZ85387
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 Surprise at 24038 N 162nd Ln, Surprise, AZ, 85387 uses $136,243 cash to close to unlock $1,130/yr annual cash flow and $94/mo monthly cash flow. Total monthly income runs $2,524/mo, and a $2,012/mo payment keeps the spread at $94/mo. Purchase price stands at $410,990, and rental yield measures 7.37% with $2,524/mo rent. Return on cash invested shows 20.74% in year one, and 5% annual appreciation builds toward $113,549 over five years. Five-year ROI reaches 106.94% and total cumulative return in cash records $145,702. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,524/mo property income covering a $2,012/mo payment rather than investor’s personal income.
Single Family
Built in 2024
3,775 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85387, Surprise, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,798 (100%) |
| Owner Occupied HU | 12,307 (83.2%) |
| Renter Occupied HU | 605 ( 4.1%) |
| Vacant Housing Units | 1,886 (12.7%) |
| Median Home Value | $514,786 |
| Average Home Value | $549,452 |
Housing Distribution
Address Breakdown
Residential
12,371
Single Family
8,196
Multi-Family
4,175
Businesses
23
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices