1019 N 62nd AvePhoenixAZ85043
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 1019 N 62nd Ave, Phoenix, AZ, 85043 in Phoenix fits: $320,000, 5.4% gross yield, and a projected 5% annual appreciation rate adding $88,410 in value within five years. Rental yield 5.4%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (1.00) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $2,947/yr in principal paydown and $88,410 in appreciation project a total return of $91,904.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.4% | 6.2% |
| Monthly Cash Flow | $(452) | $450 |
City averages based on Phoenix market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,440 |
| Total Monthly Debt Service | $1,764 |
| DSCR Ratio | 0.82x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1982
5,946 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85043, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,377 (100%) |
| Owner Occupied HU | 8,700 (53.1%) |
| Renter Occupied HU | 6,442 (39.3%) |
| Vacant Housing Units | 1,235 ( 7.5%) |
| Median Home Value | $377,621 |
| Average Home Value | $457,998 |
Housing Distribution
Address Breakdown
Residential
11,651
Single Family
6,170
Multi-Family
5,481
Businesses
956
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
Single Family
Built in 1982
5,946 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85043, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,377 (100%) |
| Owner Occupied HU | 8,700 (53.1%) |
| Renter Occupied HU | 6,442 (39.3%) |
| Vacant Housing Units | 1,235 ( 7.5%) |
| Median Home Value | $377,621 |
| Average Home Value | $457,998 |
Housing Distribution
Address Breakdown
Residential
11,651
Single Family
6,170
Multi-Family
5,481
Businesses
956
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tara Jones • Opendoor Brokerage, LLC
Mls Name: ARMLS
Mls Provider:
Mls ID: #6858922
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