324 N Papago StSpringervilleAZ85938
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 Springerville at 324 N Papago St, Springerville, AZ, 85938 offers $1,355/mo rent that, after a $1,312/mo payment. Total monthly income is $1,355/mo. Return on cash invested measures 16.81% in year one, and rental yield stands at 6.07% at a $268,000 entry. Equity gained on principal adds $1,729/yr while 5% annual appreciation compounds into $74,043 by year five. Five-year ROI records 85.88% and total cumulative return in cash reaches $76,293. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,355/mo property income versus a $1,312/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1974
4.16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85938, Springerville, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,349 (100%) |
| Owner Occupied HU | 765 (56.7%) |
| Renter Occupied HU | 217 (16.1%) |
| Vacant Housing Units | 367 (27.2%) |
| Median Home Value | $248,664 |
| Average Home Value | $288,745 |
Housing Distribution
Address Breakdown
Residential
509
Single Family
453
Multi-Family
56
Businesses
158
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Heidi Gardner • White Mountain Ponderosa Realty
Mls Name: WMAOR
Mls Provider:
Mls ID: #251187
Disclaimer: Copyright 2025, Last Updated: 2025-01-30 01:20:05 PST, Listing data deemed reliable but not guaranteed.