8622 S Ice House Canyon RdGlobeAZ85501
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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 Globe at 8622 S Ice House Canyon Rd, Globe, AZ, 85501 uses $39,780 cash to close to unlock $2,645/yr annual cash flow and $220/mo monthly cash flow. Total monthly income runs $943/mo, and a $587/mo payment keeps the spread at $220/mo. Purchase price stands at $120,000, and rental yield measures 9.43% with $943/mo rent. Return on cash invested shows 26.56% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 138.36% and total cumulative return in cash records $55,039. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $943/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1930
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85501, Globe, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,992 (100%) |
| Owner Occupied HU | 3,735 (62.3%) |
| Renter Occupied HU | 1,285 (21.4%) |
| Vacant Housing Units | 972 (16.2%) |
| Median Home Value | $188,834 |
| Average Home Value | $230,350 |
Housing Distribution
Address Breakdown
Residential
4,387
Single Family
4,250
Multi-Family
137
Businesses
300
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