610 Double Cabin RdMormon LakeAZ86038
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
Rental property for sale in Mormon Lake at 610 Double Cabin Rd, Mormon Lake, AZ, 86038 priced at $375,000 converts $2,716/mo rent into $500/mo cash flow after a $1,835/mo obligation. Total monthly income equals $2,716/mo, and annual cash flow totals $5,997/yr on $124,313 invested. Return on cash invested prints 24.73% in year one, and rental yield reads 8.69% against a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation compiles into $103,606 by year five. Five-year ROI reaches 128.34% and total cumulative return in cash sums $159,543. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,716/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Manufactured
Built in N/A
1.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 86038, Mormon Lake, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 311 (100%) |
| Owner Occupied HU | 34 (10.9%) |
| Renter Occupied HU | 13 ( 4.2%) |
| Vacant Housing Units | 264 (84.9%) |
| Median Home Value | $645,833 |
| Average Home Value | $576,471 |
Housing Distribution
Address Breakdown
Residential
123
Single Family
123
Multi-Family
0
Businesses
9
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Nearby investment properties with comparable prices
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