15812 N 3rd AvePhoenixAZ85023
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderAt $450,000, 15812 N 3rd Ave, Phoenix, AZ, 85023 in Phoenix generates $2,890/mo in rent (7.71% yield) but nets only $153/mo after debt service. The spread is thin, manageable for investors comfortable with low-margin holds who are buying into the 5% annual appreciation thesis. Ziffy Mortgage's DSCR loan (1.43) allows non-U.S. residents to acquire without personal income checks. A larger down payment reduces the monthly debt load and widens the margin. Five-year appreciation: $124,327. Total projected return: $180,312.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.7% | 6.2% |
| Monthly Cash Flow | $153 | $450 |
City averages based on Phoenix market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,890 |
| Total Monthly Debt Service | $2,558 |
| DSCR Ratio | 1.13x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1989
8,290 sqft lot
$N/A/sqft
$230 quarterly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1989
8,290 sqft lot
$N/A/sqft
$230 quarterly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
