316 S Cortez StPrescottAZ86303
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 Prescott at 316 S Cortez St, Prescott, AZ, 86303 priced at $440,000 pairs $3,300/mo rent with $699/mo cash flow after a $2,154/mo payment. Total monthly income equals $3,300/mo, and annual cash flow comes to $8,384/yr on $145,860 invested. Return on cash invested is 25.66% in year one, and rental yield stands at 9% on a $440,000 basis. Equity gained on principal adds $2,839/yr, and 5% annual appreciation accumulates to $121,564 by year five. Five-year ROI measures 133.3% and total cumulative return in cash reaches $194,434. For financing, Ziffy Mortgage’s DSCR program evaluates $3,300/mo property income against a $2,154/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1958
1,279 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 86303, Prescott, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,455 (100%) |
| Owner Occupied HU | 7,106 (57.1%) |
| Renter Occupied HU | 2,609 (20.9%) |
| Vacant Housing Units | 2,740 (22.0%) |
| Median Home Value | $592,994 |
| Average Home Value | $629,955 |
Housing Distribution
Address Breakdown
Residential
10,760
Single Family
9,300
Multi-Family
1,460
Businesses
520
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices