2870 Canyon Oak DrLake Havasu CityAZ86404
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 Lake Havasu City at 2870 Canyon Oak Dr, Lake Havasu City, AZ, 86404 priced at $634,900 converts $2,422/mo rent into after a $3,108/mo obligation. Total monthly income equals $2,422/mo. Return on cash invested prints 12.41% in year one, and rental yield reads 4.58% against a $634,900 entry. Equity gained on principal adds $4,097/yr, while 5% annual appreciation compiles into $175,411 by year five. Five-year ROI reaches 62.24% and total cumulative return in cash sums $130,009. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,422/mo property income covering a $3,108/mo payment, not borrower’s personal income.
Single Family
Built in 2003
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 86404, Lake Havasu City, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,646 (100%) |
| Owner Occupied HU | 7,575 (59.9%) |
| Renter Occupied HU | 1,743 (13.8%) |
| Vacant Housing Units | 3,328 (26.3%) |
| Median Home Value | $465,210 |
| Average Home Value | $510,466 |
Housing Distribution
Address Breakdown
Residential
10,995
Single Family
10,093
Multi-Family
902
Businesses
220
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Nearby investment properties with comparable prices
Listed by: Erika McPherson • Keller Williams Arizona Living Realty
Mls Name: Lake Havasu AOR
Mls Provider:
Mls ID: #1034761
Disclaimer: Copyright Lake Havasu Association of Realtors / LHAR. All rights reserved. Information is deemed reliable but not guaranteed.