1501 W Grovers AvePhoenixAZ85023
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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 1501 W Grovers Ave, Phoenix, AZ, 85023 offers $3,690/mo rent that, after a $3,181/mo payment. Total monthly income is $3,690/mo. Return on cash invested measures 19.21% in year one, and rental yield stands at 6.81% at a $649,900 entry. Equity gained on principal adds $4,194/yr while 5% annual appreciation compounds into $179,555 by year five. Five-year ROI records 98.69% and total cumulative return in cash reaches $211,026. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,690/mo property income versus a $3,181/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
8,256 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85023, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,096 (100%) |
| Owner Occupied HU | 8,409 (52.2%) |
| Renter Occupied HU | 6,697 (41.6%) |
| Vacant Housing Units | 990 ( 6.2%) |
| Median Home Value | $422,242 |
| Average Home Value | $516,282 |
Housing Distribution
Address Breakdown
Residential
14,656
Single Family
8,414
Multi-Family
6,242
Businesses
446
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Listed by: Tarah Cook • Venture REI, LLC
Mls Name: ARMLS
Mls Provider:
Mls ID: #6789833
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