8625 Riverside Dr UNIT 38ParkerAZ85344
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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 Parker at 8625 Riverside Dr UNIT 38, Parker, AZ, 85344 generates $1,999/mo in rent, after a $1,785/mo payment. Total monthly income is $1,999/mo. Return on cash invested sits at 18.35% in year one, and rental yield is 6.58% on a $364,700 entry. Equity gained on principal adds $2,353/yr, while 5% annual appreciation builds toward $100,760 over five years. Five-year ROI reaches 94.15% and total cumulative return in cash sums $113,829. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,999/mo property income rather than buyer’s personal income.
Condo
Built in 1982
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85344, Parker, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,247 (100%) |
| Owner Occupied HU | 2,523 (40.4%) |
| Renter Occupied HU | 1,125 (18.0%) |
| Vacant Housing Units | 2,599 (41.6%) |
| Median Home Value | $225,364 |
| Average Home Value | $284,919 |
Housing Distribution
Address Breakdown
Residential
3,801
Single Family
3,516
Multi-Family
285
Businesses
531
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