611 3rd AveGlobeAZ85539
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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 Globe at 611 3rd Ave, Globe, AZ, 85539 uses $71,273 cash to close to unlock $2,033/yr annual cash flow and $169/mo monthly cash flow. Total monthly income runs $1,440/mo, and a $1,052/mo payment keeps the spread at $169/mo. Purchase price stands at $215,000, and rental yield measures 8.04% with $1,440/mo rent. Return on cash invested shows 22.76% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 117.81% and total cumulative return in cash records $83,965. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,440/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Manufactured
Built in 1992
7,226 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85539, Miami, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,674 (100%) |
| Owner Occupied HU | 957 (57.2%) |
| Renter Occupied HU | 324 (19.4%) |
| Vacant Housing Units | 393 (23.5%) |
| Median Home Value | $133,929 |
| Average Home Value | $221,891 |
Housing Distribution
Address Breakdown
Residential
1,306
Single Family
1,306
Multi-Family
0
Businesses
150
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Listed by: Ben Swanson • Keller Williams Integrity First
Mls Name: ARMLS
Mls Provider:
Mls ID: #6768831
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