11042 N 28th Dr UNIT 136PhoenixAZ85029
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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 11042 N 28th Dr UNIT 136, Phoenix, AZ, 85029 offers a 9.58% rental yield on a $249,999 purchase with $1,996/mo rent. Total monthly income registers $1,996/mo, and a $1,224/mo payment leaves $155/mo available for distribution. Annual cash flow reaches $1,858/yr on $82,875 to close, and return on cash invested stands at 22.15% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 116.4% and total cumulative return in cash at $96,466. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,996/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Apartment
Built in 1977
701 sqft lot
$N/A/sqft
$363 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85029, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,741 (100%) |
| Owner Occupied HU | 9,528 (50.8%) |
| Renter Occupied HU | 8,353 (44.6%) |
| Vacant Housing Units | 860 ( 4.6%) |
| Median Home Value | $373,049 |
| Average Home Value | $453,420 |
Housing Distribution
Address Breakdown
Residential
17,784
Single Family
11,414
Multi-Family
6,370
Businesses
1,029
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Listed by: Michelle McCaughey • Keller Williams Northeast Realty
Mls Name: ARMLS
Mls Provider:
Mls ID: #6803106
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