1042 E Utopia RdPhoenixAZ85024
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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
Rental property for sale in Phoenix at 1042 E Utopia Rd, Phoenix, AZ, 85024 offers $3,600/mo rent that, after a $2,442/mo payment, leaves $651/mo cash flow. Total monthly income is $3,600/mo, and annual cash flow is $7,808/yr on $165,418 cash. Return on cash invested measures 24.63% in year one, and rental yield stands at 8.66% at a $498,999 entry. Equity gained on principal adds $3,220/yr while 5% annual appreciation compounds into $137,864 by year five. Five-year ROI records 127.78% and total cumulative return in cash reaches $211,373. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,600/mo property income versus a $2,442/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1983
7,100 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85024, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,975 (100%) |
| Owner Occupied HU | 7,514 (68.5%) |
| Renter Occupied HU | 2,968 (27.0%) |
| Vacant Housing Units | 493 ( 4.5%) |
| Median Home Value | $461,710 |
| Average Home Value | $480,628 |
Housing Distribution
Address Breakdown
Residential
11,616
Single Family
6,964
Multi-Family
4,652
Businesses
466
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