690 N Bingham AveSomertonAZ85350
INVESTMENT ANALYSIS
Investment Verdict
Solid Income690 N Bingham Ave, Somerton, AZ, 85350 in Somerton is a solid income-producing rental, 9.64% gross yield, $1,607/mo rent, $425/mo net cash flow on a $200,000 buy. DSCR 1.79 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $55,256 and $1,842/yr in principal reduction project a total cumulative return of $102,959.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 6.0% |
| Monthly Cash Flow | $425 | $300 |
City averages based on Somerton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,607 |
| Total Monthly Debt Service | $1,103 |
| DSCR Ratio | 1.46x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85350, Somerton, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,750 (100%) |
| Owner Occupied HU | 5,977 (77.1%) |
| Renter Occupied HU | 1,300 (16.8%) |
| Vacant Housing Units | 473 ( 6.1%) |
| Median Home Value | $270,532 |
| Average Home Value | $276,896 |
Housing Distribution
Address Breakdown
Residential
1,957
Single Family
1,889
Multi-Family
68
Businesses
189
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Townhouse
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85350, Somerton, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,750 (100%) |
| Owner Occupied HU | 5,977 (77.1%) |
| Renter Occupied HU | 1,300 (16.8%) |
| Vacant Housing Units | 473 ( 6.1%) |
| Median Home Value | $270,532 |
| Average Home Value | $276,896 |
Housing Distribution
Address Breakdown
Residential
1,957
Single Family
1,889
Multi-Family
68
Businesses
189
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rolando G Sanchez • The Realty Agency
Mls Name: YARMLS
Mls Provider:
Mls ID: #20252780
Disclaimer: This data is provided by the Yuma Association of REALTORS, Inc. Multiple Listing Service. Real Estate listings held by brokerage firms other than Zillow, Inc. are marked with the Broker Reciprocity(SM) logo or the Broker Reciprocity thumbnail logo. This information is deemed reliable, but not guaranteed.