6970 W Paso TrlPeoriaAZ85383
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
Investment Highlights
Rental property for sale in Peoria at 6970 W Paso Trl, Peoria, AZ, 85383 priced at $499,000 converts $2,994/mo rent into $18/mo cash flow after a $2,442/mo obligation. Total monthly income equals $2,994/mo, and annual cash flow totals $220/yr on $165,419 invested. Return on cash invested prints 20.04% in year one, and rental yield reads 7.2% against a $499,000 entry. Equity gained on principal adds $3,220/yr, while 5% annual appreciation compiles into $137,865 by year five. Five-year ROI reaches 103.28% and total cumulative return in cash sums $170,838. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,994/mo property income covering a $2,442/mo payment, not borrower’s personal income.
Single Family
Built in 1999
7,256 sqft lot
$N/A/sqft
$79 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85383, Peoria, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,383 (100%) |
| Owner Occupied HU | 24,469 (83.3%) |
| Renter Occupied HU | 2,215 ( 7.5%) |
| Vacant Housing Units | 2,699 ( 9.2%) |
| Median Home Value | $625,101 |
| Average Home Value | $690,848 |
Housing Distribution
Address Breakdown
Residential
27,579
Single Family
12,386
Multi-Family
15,193
Businesses
292
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sarah Ahlstrom • HomeSmart
Mls Name: ARMLS
Mls Provider:
Mls ID: #6837639
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