1118 N 18th StPhoenixAZ85006
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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 1118 N 18th St, Phoenix, AZ, 85006 uses $120,998 cash to close to unlock $755/yr annual cash flow and $63/mo monthly cash flow. Total monthly income runs $2,220/mo, and a $1,786/mo payment keeps the spread at $63/mo. Purchase price stands at $365,000, and rental yield measures 7.3% with $2,220/mo rent. Return on cash invested shows 20.53% in year one, and 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 105.82% and total cumulative return in cash records $128,035. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,220/mo property income covering a $1,786/mo payment rather than investor’s personal income.
Single Family
Built in 1940
6,693 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85006, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,555 (100%) |
| Owner Occupied HU | 4,012 (38.0%) |
| Renter Occupied HU | 5,355 (50.7%) |
| Vacant Housing Units | 1,188 (11.3%) |
| Median Home Value | $475,805 |
| Average Home Value | $561,558 |
Housing Distribution
Address Breakdown
Residential
9,599
Single Family
7,111
Multi-Family
2,488
Businesses
788
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Listed by: Imelda L Reyes • eXp Realty
Mls Name: ARMLS
Mls Provider:
Mls ID: #6882357
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