1220 E Topeka DrPhoenixAZ85024
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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
Rental property for sale in Phoenix at 1220 E Topeka Dr, Phoenix, AZ, 85024 priced at $355,000 pairs $2,444/mo rent with $345/mo cash flow after a $1,738/mo payment. Total monthly income equals $2,444/mo, and annual cash flow comes to $4,141/yr on $117,683 invested. Return on cash invested is 23.43% in year one, and rental yield stands at 8.26% on a $355,000 basis. Equity gained on principal adds $2,291/yr, and 5% annual appreciation accumulates to $98,080 by year five. Five-year ROI measures 121.39% and total cumulative return in cash reaches $142,860. For financing, Ziffy Mortgage’s DSCR program evaluates $2,444/mo property income against a $1,738/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1985
7,734 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85024, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,975 (100%) |
| Owner Occupied HU | 7,514 (68.5%) |
| Renter Occupied HU | 2,968 (27.0%) |
| Vacant Housing Units | 493 ( 4.5%) |
| Median Home Value | $461,710 |
| Average Home Value | $480,628 |
Housing Distribution
Address Breakdown
Residential
11,616
Single Family
6,964
Multi-Family
4,652
Businesses
466
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Listed by: Carleton Edward Drummond • Capstone Realty Professionals
Mls Name: ARMLS
Mls Provider:
Mls ID: #6833784
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