9422 E Olive AveHerefordAZ85615
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Hereford at 9422 E Olive Ave, Hereford, AZ, 85615 offers a 9% rental yield on a $179,000 purchase with $1,342/mo rent. Total monthly income registers $1,342/mo, and a $876/mo payment leaves $284/mo available for distribution. Annual cash flow reaches $3,408/yr on $59,339 to close, and return on cash invested stands at 25.65% in year one. Equity gained on principal adds $1,155/yr while 5% annual appreciation supports $49,454 over five years. Portfolio math shows five-year ROI at 133.38% and total cumulative return in cash at $79,143. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,342/mo property income against a $876/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2003
0.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85615, Hereford, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,506 (100%) |
| Owner Occupied HU | 3,638 (80.7%) |
| Renter Occupied HU | 390 ( 8.7%) |
| Vacant Housing Units | 478 (10.6%) |
| Median Home Value | $321,250 |
| Average Home Value | $359,586 |
Housing Distribution
Address Breakdown
Residential
4,142
Single Family
4,142
Multi-Family
0
Businesses
127
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Listed by: Rachel Waterbury • Keller Williams Southern AZ
Mls Name: ARMLS
Mls Provider:
Mls ID: #6812163
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