489 N Spitz Spring RdParksAZ86018
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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
Rental property for sale in Parks at 489 N Spitz Spring Rd, Parks, AZ, 86018 priced at $709,000 converts $1,789/mo rent into after a $3,470/mo obligation. Total monthly income equals $1,789/mo. Return on cash invested prints 7.7% in year one, and rental yield reads 3.03% against a $709,000 entry. Equity gained on principal adds $4,575/yr, while 5% annual appreciation compiles into $195,884 by year five. Five-year ROI reaches 37% and total cumulative return in cash sums $86,313. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,789/mo property income covering a $3,470/mo payment, not borrower’s personal income.
Single Family
Built in 1995
5.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 86018, Parks, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 553 (100%) |
| Owner Occupied HU | 309 (55.9%) |
| Renter Occupied HU | 31 ( 5.6%) |
| Vacant Housing Units | 213 (38.5%) |
| Median Home Value | $658,871 |
| Average Home Value | $711,383 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
19
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Listed by: Susan P Conley • Jackson Associates
Mls Name: NAZMLS
Mls Provider:
Mls ID: #200484
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.