1206 E Grove StPhoenixAZ85040
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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 1206 E Grove St, Phoenix, AZ, 85040 uses $112,710 cash to close to unlock $5,032/yr annual cash flow and $419/mo monthly cash flow. Total monthly income runs $2,507/mo, and a $1,664/mo payment keeps the spread at $419/mo. Purchase price stands at $340,000, and rental yield measures 8.85% with $2,507/mo rent. Return on cash invested shows 24.37% in year one, and 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 126.76% and total cumulative return in cash records $142,866. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,507/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Single Family
Built in 2004
4,027 sqft lot
$N/A/sqft
$78 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85040, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,360 (100%) |
| Owner Occupied HU | 5,938 (48.0%) |
| Renter Occupied HU | 5,603 (45.3%) |
| Vacant Housing Units | 819 ( 6.6%) |
| Median Home Value | $346,113 |
| Average Home Value | $421,162 |
Housing Distribution
Address Breakdown
Residential
11,274
Single Family
7,244
Multi-Family
4,030
Businesses
2,103
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