620 N Connolly AveAjoAZ85321
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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 Ajo at 620 N Connolly Ave, Ajo, AZ, 85321 generates $1,020/mo in rent and, after a $661/mo payment, leaves $222/mo in cash flow. Total monthly income is $1,020/mo, and annual cash flow is $2,661/yr on $44,753 invested. Return on cash invested sits at 25.86% in year one, and rental yield is 9.07% on a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 134.39% and total cumulative return in cash sums $60,145. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,020/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85321, Ajo, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,196 (100%) |
| Owner Occupied HU | 1,144 (52.1%) |
| Renter Occupied HU | 429 (19.5%) |
| Vacant Housing Units | 623 (28.4%) |
| Median Home Value | $129,237 |
| Average Home Value | $347,102 |
Housing Distribution
Address Breakdown
Residential
1,964
Single Family
1,743
Multi-Family
221
Businesses
125
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Listed by: Frederick Nogales • RE/MAX Foothills
Mls Name: ARMLS
Mls Provider:
Mls ID: #6761512
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