16013 S Desert Foothills Pkwy APT 2124PhoenixAZ85048
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
Investment Highlights
Investment property for sale in Phoenix at 16013 S Desert Foothills Pkwy APT 2124, Phoenix, AZ, 85048 uses $92,489 cash to close to unlock $1,444/yr annual cash flow and $120/mo monthly cash flow. Total monthly income runs $2,021/mo, and a $1,366/mo payment keeps the spread at $120/mo. Purchase price stands at $279,000, and rental yield measures 8.69% with $2,021/mo rent. Return on cash invested shows 21.47% in year one, and 5% annual appreciation builds toward $77,083 over five years. Five-year ROI reaches 112.07% and total cumulative return in cash records $103,651. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,021/mo property income covering a $1,366/mo payment rather than investor’s personal income.
Condo
Built in 1997
870 sqft lot
$N/A/sqft
$251 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85048, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,216 (100%) |
| Owner Occupied HU | 10,192 (71.7%) |
| Renter Occupied HU | 3,357 (23.6%) |
| Vacant Housing Units | 667 ( 4.7%) |
| Median Home Value | $589,626 |
| Average Home Value | $656,793 |
Housing Distribution
Address Breakdown
Residential
13,945
Single Family
10,306
Multi-Family
3,639
Businesses
468
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Listed by: Kevin Houston • HomeSmart
Mls Name: ARMLS
Mls Provider:
Mls ID: #6921130
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