677 W Canyon DrPrescottAZ86303
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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 Prescott at 677 W Canyon Dr, Prescott, AZ, 86303 priced at $530,000 converts $2,885/mo rent into after a $2,594/mo obligation. Total monthly income equals $2,885/mo. Return on cash invested prints 18% in year one, and rental yield reads 6.53% against a $530,000 entry. Equity gained on principal adds $3,420/yr, while 5% annual appreciation compiles into $146,429 by year five. Five-year ROI reaches 92.34% and total cumulative return in cash sums $161,011. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,885/mo property income covering a $2,594/mo payment, not borrower’s personal income.
Single Family
Built in 1979
0.84 Acres lot
$N/A/sqft
$615 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 86303, Prescott, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,455 (100%) |
| Owner Occupied HU | 7,106 (57.1%) |
| Renter Occupied HU | 2,609 (20.9%) |
| Vacant Housing Units | 2,740 (22.0%) |
| Median Home Value | $592,994 |
| Average Home Value | $629,955 |
Housing Distribution
Address Breakdown
Residential
10,760
Single Family
9,300
Multi-Family
1,460
Businesses
520
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Listed by: Kevin Raybon • Keller Williams Arizona Realty
Mls Name: PAAR
Mls Provider:
Mls ID: #1067081
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.