1 E Lexington Ave UNIT 1507PhoenixAZ85012
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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 Phoenix at 1 E Lexington Ave UNIT 1507, Phoenix, AZ, 85012 listed at $404,742 pairs $1,640/mo rent with a $1,981/mo payment. Total monthly income runs $1,640/mo. Return on cash invested measures 8.18% in year one, and rental yield registers 4.86% at a $404,742 basis. Equity gained on principal adds $2,612/yr, and annual property appreciation at 5% supports $111,823 by year five. Five-year ROI tracks 41.4% and total cumulative return in cash totals $55,541. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,640/mo property income relative to a $1,981/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Apartment
Built in 1974
703 sqft lot
$N/A/sqft
$521 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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Listed by: Gregory Yurkovic • Platinum Realty Group
Mls Name: ARMLS
Mls Provider:
Mls ID: #6809888
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