1 E Lexington Ave UNIT 1402PhoenixAZ85012
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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
Investment property for sale in Phoenix at 1 E Lexington Ave UNIT 1402, Phoenix, AZ, 85012 earns from $2,681/mo rent with a $2,393/mo payment. Total monthly income totals $2,681/mo. ROI tracks 12.7% on current figures, and rental yield reads 6.58% at a $489,000 purchase. Equity gained on principal adds $3,155/yr, and 5% annual appreciation supports $135,102 over five years. Five-year ROI reaches 65.85% and total cumulative return in cash sums $106,750. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,681/mo property income instead of your personal income.
Condo
Built in 2008
1,044 sqft lot
$N/A/sqft
$765 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85012, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,166 (100%) |
| Owner Occupied HU | 1,760 (34.1%) |
| Renter Occupied HU | 2,836 (54.9%) |
| Vacant Housing Units | 570 (11.0%) |
| Median Home Value | $782,907 |
| Average Home Value | $827,563 |
Housing Distribution
Address Breakdown
Residential
5,419
Single Family
1,628
Multi-Family
3,791
Businesses
1,048
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