16316 N 2nd DrPhoenixAZ85023
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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 16316 N 2nd Dr, Phoenix, AZ, 85023 uses $287,842 cash to close to unlock $7,194/yr annual cash flow and $600/mo monthly cash flow. Total monthly income runs $5,771/mo, and a $4,282/mo payment keeps the spread at $600/mo. Purchase price stands at $874,900, and rental yield measures 7.92% with $5,771/mo rent. Return on cash invested shows 22.56% in year one, and 5% annual appreciation builds toward $241,719 over five years. Five-year ROI reaches 116.65% and total cumulative return in cash records $335,775. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,771/mo property income covering a $4,282/mo payment rather than investor’s personal income.
Single Family
Built in 2017
5,175 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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