3280 Iris LnPrescottAZ86305
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 3280 Iris Ln, Prescott, AZ, 86305 generates $2,069/mo in rent, after a $1,835/mo payment. Total monthly income is $2,069/mo. Return on cash invested sits at 18.49% in year one, and rental yield is 6.62% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 94.84% and total cumulative return in cash sums $117,903. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,069/mo property income rather than buyer’s personal income.
Townhouse
Built in 2002
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 86305, Prescott, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,031 (100%) |
| Owner Occupied HU | 8,687 (72.2%) |
| Renter Occupied HU | 1,713 (14.2%) |
| Vacant Housing Units | 1,631 (13.6%) |
| Median Home Value | $701,036 |
| Average Home Value | $756,184 |
Housing Distribution
Address Breakdown
Residential
11,218
Single Family
8,589
Multi-Family
2,629
Businesses
511
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices