1019 N 62nd AvePhoenixAZ85043
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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 1019 N 62nd Ave, Phoenix, AZ, 85043 offers a 5.4% rental yield on a $320,000 purchase with $1,440/mo rent. 8% in year one. Equity gained on principal adds $2,065/yr while 5% annual appreciation supports $88,410 over five years. Portfolio math shows five-year ROI at 75.1% and total cumulative return in cash at $79,671. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,440/mo property income against a $1,566/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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
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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