380 Elgin Canelo RdElginAZ85611
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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 Elgin at 380 Elgin Canelo Rd, Elgin, AZ, 85611 listed at $699,000 pairs $2,336/mo rent with a $3,421/mo payment. Total monthly income runs $2,336/mo. Return on cash invested measures 10.69% in year one, and rental yield registers 4.01% at a $699,000 basis. Equity gained on principal adds $4,511/yr, and annual property appreciation at 5% supports $193,121 by year five. Five-year ROI tracks 53.02% and total cumulative return in cash totals $121,922. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,336/mo property income relative to a $3,421/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1997
9.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85611, Elgin, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 636 (100%) |
| Owner Occupied HU | 437 (68.7%) |
| Renter Occupied HU | 61 ( 9.6%) |
| Vacant Housing Units | 138 (21.7%) |
| Median Home Value | $420,775 |
| Average Home Value | $452,122 |
Housing Distribution
Address Breakdown
Residential
445
Single Family
445
Multi-Family
0
Businesses
8
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