0 W Devonshire AvePhoenixAZ85037
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
Rental property for sale in Phoenix at 0 W Devonshire Ave, Phoenix, AZ, 85037 priced at $329,825 converts $2,394/mo rent into $445/mo cash flow after a $1,614/mo obligation. Total monthly income equals $2,394/mo, and annual cash flow totals $5,336/yr on $109,337 invested. Return on cash invested prints 24.79% in year one, and rental yield reads 8.71% against a $329,825 entry. Equity gained on principal adds $2,128/yr, while 5% annual appreciation compiles into $91,125 by year five. Five-year ROI reaches 128.66% and total cumulative return in cash sums $140,668. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,394/mo property income covering a $1,614/mo payment, not borrower’s personal income.
Single Family
Built in 1971
6,591 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85037, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,712 (100%) |
| Owner Occupied HU | 9,817 (52.5%) |
| Renter Occupied HU | 7,433 (39.7%) |
| Vacant Housing Units | 1,462 ( 7.8%) |
| Median Home Value | $364,174 |
| Average Home Value | $426,853 |
Housing Distribution
Address Breakdown
Residential
16,648
Single Family
11,468
Multi-Family
5,180
Businesses
393
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Listed by: Gary R Wilson • Phoenix Real Estate Brokers
Mls Name: ARMLS
Mls Provider:
Mls ID: #6905017
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