118 E Palm LnPhoenixAZ85004
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestment property for sale in Phoenix at 118 E Palm Ln, Phoenix, AZ, 85004 projects strong ROI of 12.67%. Rental yield 4.27%. With 5% annual appreciation, the property builds $607,819 in value over five years. Equity growth combined delivers a projected five-year ROI of 80.29%, translating into $498,983 in total cumulative return on $621,500 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.3% | 6.2% |
| Monthly Cash Flow | $(5,167) | $450 |
City averages based on Phoenix market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $7,837 |
| Total Monthly Debt Service | $12,129 |
| DSCR Ratio | 0.65x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1925
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85004, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,205 (100%) |
| Owner Occupied HU | 1,131 (13.8%) |
| Renter Occupied HU | 5,518 (67.3%) |
| Vacant Housing Units | 1,556 (19.0%) |
| Median Home Value | $593,600 |
| Average Home Value | $660,424 |
Housing Distribution
Address Breakdown
Residential
7,928
Single Family
740
Multi-Family
7,188
Businesses
1,192
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
Single Family
Built in 1925
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85004, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,205 (100%) |
| Owner Occupied HU | 1,131 (13.8%) |
| Renter Occupied HU | 5,518 (67.3%) |
| Vacant Housing Units | 1,556 (19.0%) |
| Median Home Value | $593,600 |
| Average Home Value | $660,424 |
Housing Distribution
Address Breakdown
Residential
7,928
Single Family
740
Multi-Family
7,188
Businesses
1,192
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Don K Mertes • HomeSmart
Mls Name: ARMLS
Mls Provider:
Mls ID: #6775423
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