16409 S 29th AvePhoenixAZ85045
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
Rental property for sale in Phoenix at 16409 S 29th Ave, Phoenix, AZ, 85045 generates $4,399/mo in rent, after a $4,650/mo payment. Total monthly income is $4,399/mo. Return on cash invested sits at 14.96% in year one, and rental yield is 5.56% on a $950,000 entry. Equity gained on principal adds $6,130/yr, while 5% annual appreciation builds toward $262,467 over five years. Five-year ROI reaches 76.05% and total cumulative return in cash sums $237,710. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,399/mo property income rather than buyer’s personal income.
Single Family
Built in 2006
10,810 sqft lot
$N/A/sqft
$112 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85045, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,053 (100%) |
| Owner Occupied HU | 2,661 (87.2%) |
| Renter Occupied HU | 236 ( 7.7%) |
| Vacant Housing Units | 156 ( 5.1%) |
| Median Home Value | $644,566 |
| Average Home Value | $696,444 |
Housing Distribution
Address Breakdown
Residential
2,944
Single Family
1,886
Multi-Family
1,058
Businesses
2
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
