420 Corvair DrLake Havasu CityAZ86406
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 Lake Havasu City at 420 Corvair Dr, Lake Havasu City, AZ, 86406 priced at $529,000 converts $2,668/mo rent into after a $2,589/mo obligation. Total monthly income equals $2,668/mo. Return on cash invested prints 16.9% in year one, and rental yield reads 6.05% against a $529,000 entry. Equity gained on principal adds $3,414/yr, while 5% annual appreciation compiles into $146,153 by year five. Five-year ROI reaches 86.31% and total cumulative return in cash sums $150,209. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,668/mo property income covering a $2,589/mo payment, not borrower’s personal income.
Single Family
Built in 1974
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 86406, Lake Havasu City, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,193 (100%) |
| Owner Occupied HU | 9,499 (62.5%) |
| Renter Occupied HU | 2,400 (15.8%) |
| Vacant Housing Units | 3,294 (21.7%) |
| Median Home Value | $458,898 |
| Average Home Value | $507,062 |
Housing Distribution
Address Breakdown
Residential
14,084
Single Family
13,399
Multi-Family
685
Businesses
175
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Nearby investment properties with comparable prices
Listed by: APX Real Estate Group • eXp Realty
Mls Name: Lake Havasu AOR
Mls Provider:
Mls ID: #1034791
Disclaimer: Copyright Lake Havasu Association of Realtors / LHAR. All rights reserved. Information is deemed reliable but not guaranteed.