41238 N 260th AveMorristownAZ85342
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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 Morristown at 41238 N 260th Ave, Morristown, AZ, 85342 uses $57,979 cash to close to unlock $1,214/yr annual cash flow and $101/mo monthly cash flow. Total monthly income runs $1,135/mo, and a $856/mo payment keeps the spread at $101/mo. Purchase price stands at $174,900, and rental yield measures 7.79% with $1,135/mo rent. Return on cash invested shows 22% in year one, and 5% annual appreciation builds toward $48,322 over five years. Five-year ROI reaches 113.77% and total cumulative return in cash records $65,964. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,135/mo property income covering a $856/mo payment rather than investor’s personal income.
Single Family
Built in 1946
1.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85342, Morristown, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 995 (100%) |
| Owner Occupied HU | 626 (62.9%) |
| Renter Occupied HU | 117 (11.8%) |
| Vacant Housing Units | 252 (25.3%) |
| Median Home Value | $478,261 |
| Average Home Value | $485,056 |
Housing Distribution
Address Breakdown
Residential
685
Single Family
315
Multi-Family
370
Businesses
33
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Listed by: Holly Jones • West USA Realty
Mls Name: ARMLS
Mls Provider:
Mls ID: #6855281
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