42236 N Castle Hot Springs RdMorristownAZ85342
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 Morristown at 42236 N Castle Hot Springs Rd, Morristown, AZ, 85342 earns $343/mo cash flow from $3,000/mo rent with a $2,200/mo payment. Total monthly income totals $3,000/mo, and annual cash flow totals $4,116/yr on $149,009 capital. ROI tracks 22.67% on current figures, and rental yield reads 8.01% at a $449,500 purchase. Equity gained on principal adds $2,901/yr, and 5% annual appreciation supports $124,189 over five years. Five-year ROI reaches 117.32% and total cumulative return in cash sums $174,821. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,000/mo property income instead of your personal income.
Manufactured
Built in 2000
1.25 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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Nearby investment properties with comparable prices
Listed by: Kimberly Dawn Correa • My Home Group Real Estate
Mls Name: ARMLS
Mls Provider:
Mls ID: #6762783
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