6960 W Peoria Ave LOT 7PeoriaAZ85345
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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 Peoria at 6960 W Peoria Ave LOT 7, Peoria, AZ, 85345 generates $1,064/mo in rent and, after a $685/mo payment, leaves $237/mo in cash flow. Total monthly income is $1,064/mo, and annual cash flow is $2,840/yr on $46,410 invested. Return on cash invested sits at 26.03% in year one, and rental yield is 9.12% on a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 135.33% and total cumulative return in cash sums $62,806. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,064/mo property income rather than buyer’s personal income.
Manufactured
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85345, Peoria, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,027 (100%) |
| Owner Occupied HU | 16,452 (63.2%) |
| Renter Occupied HU | 8,055 (30.9%) |
| Vacant Housing Units | 1,520 ( 5.8%) |
| Median Home Value | $350,638 |
| Average Home Value | $389,293 |
Housing Distribution
Address Breakdown
Residential
23,292
Single Family
18,111
Multi-Family
5,181
Businesses
832
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Listed by: Cheryse Hubbard • My Home Group Real Estate
Mls Name: ARMLS
Mls Provider:
Mls ID: #6676595
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