11640 N Tatum Blvd UNIT 2053PhoenixAZ85028
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 11640 N Tatum Blvd UNIT 2053, Phoenix, AZ, 85028 generates $1,888/mo in rent, after a $1,674/mo payment. Total monthly income is $1,888/mo. Return on cash invested sits at 18.49% in year one, and rental yield is 6.62% on a $342,000 entry. Equity gained on principal adds $2,207/yr, while 5% annual appreciation builds toward $94,488 over five years. Five-year ROI reaches 94.91% and total cumulative return in cash sums $107,602. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,888/mo property income rather than buyer’s personal income.
Condo
Built in 2008
871 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85028, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,045 (100%) |
| Owner Occupied HU | 7,080 (70.5%) |
| Renter Occupied HU | 2,073 (20.6%) |
| Vacant Housing Units | 892 ( 8.9%) |
| Median Home Value | $602,703 |
| Average Home Value | $682,207 |
Housing Distribution
Address Breakdown
Residential
8,774
Single Family
7,468
Multi-Family
1,306
Businesses
590
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices