1320 E Mohave StPhoenixAZ85034
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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 1320 E Mohave St, Phoenix, AZ, 85034 uses $116,025 cash to close to unlock $6,590/yr annual cash flow and $549/mo monthly cash flow. Total monthly income runs $2,618/mo, and a $1,713/mo payment keeps the spread at $549/mo. Purchase price stands at $350,000, and rental yield measures 8.98% with $2,618/mo rent. Return on cash invested shows 25.59% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 132.97% and total cumulative return in cash records $154,274. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,618/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1940
0.26 Acres 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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