940 Coconut Grove DrLake Havasu CityAZ86404
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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 Lake Havasu City at 940 Coconut Grove Dr, Lake Havasu City, AZ, 86404 generates $2,587/mo in rent, after a $2,932/mo payment. Total monthly income is $2,587/mo. Return on cash invested sits at 14.25% in year one, and rental yield is 5.18% on a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 72.13% and total cumulative return in cash sums $142,138. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,587/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 86404, Lake Havasu City, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,646 (100%) |
| Owner Occupied HU | 7,575 (59.9%) |
| Renter Occupied HU | 1,743 (13.8%) |
| Vacant Housing Units | 3,328 (26.3%) |
| Median Home Value | $465,210 |
| Average Home Value | $510,466 |
Housing Distribution
Address Breakdown
Residential
10,995
Single Family
10,093
Multi-Family
902
Businesses
220
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Listed by: Don Clark • Brooks-Clark And Assoc.
Mls Name: Lake Havasu AOR
Mls Provider:
Mls ID: #1033603
Disclaimer: Copyright Lake Havasu Association of Realtors / LHAR. All rights reserved. Information is deemed reliable but not guaranteed.