1640 E Solano DrPhoenixAZ85016
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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 1640 E Solano Dr, Phoenix, AZ, 85016 priced at $815,000 converts $4,817/mo rent into after a $3,989/mo obligation. Total monthly income equals $4,817/mo. Return on cash invested prints 20.06% in year one, and rental yield reads 7.09% against a $815,000 entry. Equity gained on principal adds $5,259/yr, while 5% annual appreciation compiles into $225,169 by year five. Five-year ROI reaches 103.25% and total cumulative return in cash sums $276,841. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,817/mo property income covering a $3,989/mo payment, not borrower’s personal income.
Single Family
Built in 1953
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85016, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,297 (100%) |
| Owner Occupied HU | 9,257 (43.5%) |
| Renter Occupied HU | 9,498 (44.6%) |
| Vacant Housing Units | 2,542 (11.9%) |
| Median Home Value | $625,388 |
| Average Home Value | $702,882 |
Housing Distribution
Address Breakdown
Residential
20,383
Single Family
8,164
Multi-Family
12,219
Businesses
2,170
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