1531 W Colter St UNIT 10PhoenixAZ85015
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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 1531 W Colter St UNIT 10, Phoenix, AZ, 85015 listed at $237,500 pairs $1,640/mo rent with a $1,162/mo payment. Total monthly income runs $1,640/mo. Return on cash invested measures 17.42% in year one, and rental yield registers 8.29% at a $237,500 basis. Equity gained on principal adds $1,533/yr, and annual property appreciation at 5% supports $65,617 by year five. Five-year ROI tracks 91.34% and total cumulative return in cash totals $71,913. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,640/mo property income relative to a $1,162/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1968
508 sqft lot
$N/A/sqft
$400 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85015, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,677 (100%) |
| Owner Occupied HU | 6,225 (35.2%) |
| Renter Occupied HU | 10,034 (56.8%) |
| Vacant Housing Units | 1,418 ( 8.0%) |
| Median Home Value | $418,594 |
| Average Home Value | $512,861 |
Housing Distribution
Address Breakdown
Residential
16,504
Single Family
8,707
Multi-Family
7,797
Businesses
894
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Listed by: Melanie S Sanders • eXp Realty
Mls Name: ARMLS
Mls Provider:
Mls ID: #6810243
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