75 Lone Mesquite CtElginAZ85611
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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 Elgin at 75 Lone Mesquite Ct, Elgin, AZ, 85611 generates $3,680/mo in rent, after a $8,932/mo payment. Total monthly income is $3,680/mo. Return on cash invested sits at 5.95% in year one, and rental yield is 2.42% on a $1,825,000 entry. Equity gained on principal adds $11,776/yr, while 5% annual appreciation builds toward $504,214 over five years. Five-year ROI reaches 27.49% and total cumulative return in cash sums $162,564. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,680/mo property income rather than buyer’s personal income.
Single Family
Built in 2013
36.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85611, Elgin, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 636 (100%) |
| Owner Occupied HU | 437 (68.7%) |
| Renter Occupied HU | 61 ( 9.6%) |
| Vacant Housing Units | 138 (21.7%) |
| Median Home Value | $420,775 |
| Average Home Value | $452,122 |
Housing Distribution
Address Breakdown
Residential
445
Single Family
445
Multi-Family
0
Businesses
8
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