1217 E Hess AvePhoenixAZ85034
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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 1217 E Hess Ave, Phoenix, AZ, 85034 offers a 3.51% rental yield on a $505,000 purchase with $1,476/mo rent. 16% in year one. Equity gained on principal adds $3,259/yr while 5% annual appreciation supports $139,522 over five years. Portfolio math shows five-year ROI at 44.8% and total cumulative return in cash at $74,430. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,476/mo property income against a $2,472/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1946
6,900 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85034, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,148 (100%) |
| Owner Occupied HU | 634 (12.3%) |
| Renter Occupied HU | 3,808 (74.0%) |
| Vacant Housing Units | 706 (13.7%) |
| Median Home Value | $326,378 |
| Average Home Value | $370,646 |
Housing Distribution
Address Breakdown
Residential
2,947
Single Family
862
Multi-Family
2,085
Businesses
1,638
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