7402 E Carefree Dr #319CarefreeAZ85377
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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
Investment property for sale in Carefree at 7402 E Carefree Dr #319, Carefree, AZ, 85377 uses $106,047 cash to close to unlock $3,345/yr annual cash flow and $279/mo monthly cash flow. Total monthly income runs $2,880/mo, and a $1,566/mo payment keeps the spread at $279/mo. Purchase price stands at $319,900, and rental yield measures 10.8% with $2,880/mo rent. Return on cash invested shows 23.06% in year one, and 5% annual appreciation builds toward $88,382 over five years. Five-year ROI reaches 122.31% and total cumulative return in cash records $129,704. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,880/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Apartment
Built in 1975
127 sqft lot
$N/A/sqft
$710 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85377, Carefree, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,462 (100%) |
| Owner Occupied HU | 1,612 (65.5%) |
| Renter Occupied HU | 169 ( 6.9%) |
| Vacant Housing Units | 681 (27.7%) |
| Median Home Value | $1,046,392 |
| Average Home Value | $1,121,611 |
Housing Distribution
Address Breakdown
Residential
0
Single Family
0
Multi-Family
0
Businesses
525
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Listed by: Gayle L Kendrick • Rolling K Realty
Mls Name: ARMLS
Mls Provider:
Mls ID: #6799623
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