241 W 3rd AveAjoAZ85321
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
Rental property for sale in Ajo at 241 W 3rd Ave, Ajo, AZ, 85321 offers $1,310/mo rent that, after a $832/mo payment, leaves $305/mo cash flow. Total monthly income is $1,310/mo, and annual cash flow is $3,662/yr on $56,355 cash. Return on cash invested measures 26.41% in year one, and rental yield stands at 9.25% at a $170,000 entry. Equity gained on principal adds $1,097/yr while 5% annual appreciation compounds into $46,968 by year five. Five-year ROI records 137.38% and total cumulative return in cash reaches $77,421. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,310/mo property income versus a $832/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1949
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85321, Ajo, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,196 (100%) |
| Owner Occupied HU | 1,144 (52.1%) |
| Renter Occupied HU | 429 (19.5%) |
| Vacant Housing Units | 623 (28.4%) |
| Median Home Value | $129,237 |
| Average Home Value | $347,102 |
Housing Distribution
Address Breakdown
Residential
1,964
Single Family
1,743
Multi-Family
221
Businesses
125
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Nearby investment properties with comparable prices
Listed by: Frederick Nogales • RE/MAX Foothills
Mls Name: ARMLS
Mls Provider:
Mls ID: #6765882
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