255 N 3rd StGlobeAZ85501
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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 Globe at 255 N 3rd St, Globe, AZ, 85501 uses $87,848 cash to close to unlock $3,571/yr annual cash flow and $298/mo monthly cash flow. Total monthly income runs $1,864/mo, and a $1,297/mo payment keeps the spread at $298/mo. Purchase price stands at $265,000, and rental yield measures 8.44% with $1,864/mo rent. Return on cash invested shows 23.97% in year one, and 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 124.3% and total cumulative return in cash records $109,191. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,864/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Single Family
Built in 1999
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85501, Globe, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,992 (100%) |
| Owner Occupied HU | 3,735 (62.3%) |
| Renter Occupied HU | 1,285 (21.4%) |
| Vacant Housing Units | 972 (16.2%) |
| Median Home Value | $188,834 |
| Average Home Value | $230,350 |
Housing Distribution
Address Breakdown
Residential
4,387
Single Family
4,250
Multi-Family
137
Businesses
300
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