297 Peretz CirMorristownAZ85342
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 Morristown at 297 Peretz Cir, Morristown, AZ, 85342 priced at $399,900 pairs $3,000/mo rent with $636/mo cash flow after a $1,957/mo payment. Total monthly income equals $3,000/mo, and annual cash flow comes to $7,637/yr on $132,567 invested. Return on cash invested is 25.67% in year one, and rental yield stands at 9% on a $399,900 basis. Equity gained on principal adds $2,580/yr, and 5% annual appreciation accumulates to $110,485 by year five. Five-year ROI measures 133.39% and total cumulative return in cash reaches $176,828. For financing, Ziffy Mortgage’s DSCR program evaluates $3,000/mo property income against a $1,957/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1979
6,897 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85342, Morristown, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 995 (100%) |
| Owner Occupied HU | 626 (62.9%) |
| Renter Occupied HU | 117 (11.8%) |
| Vacant Housing Units | 252 (25.3%) |
| Median Home Value | $478,261 |
| Average Home Value | $485,056 |
Housing Distribution
Address Breakdown
Residential
685
Single Family
315
Multi-Family
370
Businesses
33
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Listed by: Joseph J. Frontauria • Citiea
Mls Name: ARMLS
Mls Provider:
Mls ID: #6801998
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