1111 E Turney Ave UNIT 28PhoenixAZ85014
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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 1111 E Turney Ave UNIT 28, Phoenix, AZ, 85014 uses $60,863 cash to close to unlock $3,544/yr annual cash flow and $295/mo monthly cash flow. Total monthly income runs $1,632/mo, and a $899/mo payment keeps the spread at $295/mo. Purchase price stands at $183,600, and rental yield measures 10.67% with $1,632/mo rent. Return on cash invested shows 25.73% in year one, and 5% annual appreciation builds toward $50,725 over five years. Five-year ROI reaches 135.54% and total cumulative return in cash records $82,495. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,632/mo property income covering a $899/mo payment rather than investor’s personal income.
Apartment
Built in 1984
82 sqft lot
$N/A/sqft
$251 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85014, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,930 (100%) |
| Owner Occupied HU | 5,561 (34.9%) |
| Renter Occupied HU | 8,676 (54.5%) |
| Vacant Housing Units | 1,693 (10.6%) |
| Median Home Value | $548,222 |
| Average Home Value | $621,028 |
Housing Distribution
Address Breakdown
Residential
14,372
Single Family
6,636
Multi-Family
7,736
Businesses
1,116
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