9647 E Joy AveHerefordAZ85615
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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 Hereford at 9647 E Joy Ave, Hereford, AZ, 85615 generates $1,380/mo in rent and, after a $1,096/mo payment, leaves $56/mo in cash flow. Total monthly income is $1,380/mo, and annual cash flow is $675/yr on $74,256 invested. Return on cash invested sits at 20.82% in year one, and rental yield is 7.39% on a $224,000 entry. Equity gained on principal adds $1,445/yr, while 5% annual appreciation builds toward $61,887 over five years. Five-year ROI reaches 107.39% and total cumulative return in cash sums $79,747. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,380/mo property income rather than buyer’s personal income.
Manufactured
Built in 2007
0.65 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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