37616 N Tranquil Trl #1CarefreeAZ85377
Nearby investment properties with comparable rents
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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
Investment property for sale in Carefree at 37616 N Tranquil Trl #1, Carefree, AZ, 85377 earns $667/mo cash flow from $2,880/mo rent with a $1,576/mo payment. Total monthly income totals $2,880/mo, and annual cash flow totals $8,000/yr on $106,743 capital. ROI tracks 27.4% on current figures, and rental yield reads 10.73% at a $322,000 purchase. Equity gained on principal adds $2,078/yr, and 5% annual appreciation supports $88,963 over five years. Five-year ROI reaches 143.94% and total cumulative return in cash sums $153,643. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,880/mo property income instead of your personal income.
Apartment
Built in 1963
84 sqft lot
$N/A/sqft
$310 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85377, Carefree, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,462 (100%) |
| Owner Occupied HU | 1,612 (65.5%) |
| Renter Occupied HU | 169 ( 6.9%) |
| Vacant Housing Units | 681 (27.7%) |
| Median Home Value | $1,046,392 |
| Average Home Value | $1,121,611 |
Housing Distribution
Address Breakdown
Residential
0
Single Family
0
Multi-Family
0
Businesses
525
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Listed by: Ronald C. Roberts • Realty Executives
Mls Name: ARMLS
Mls Provider:
Mls ID: #6791131
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