16815 S 24th PlPhoenixAZ85048
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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 16815 S 24th Pl, Phoenix, AZ, 85048 uses $199,703 cash to close to unlock $5,879/yr annual cash flow and $490/mo monthly cash flow. Total monthly income runs $4,078/mo, and a $2,971/mo payment keeps the spread at $490/mo. Purchase price stands at $607,000, and rental yield measures 8.06% with $4,078/mo rent. Return on cash invested shows 23% in year one, and 5% annual appreciation builds toward $167,703 over five years. Five-year ROI reaches 119.03% and total cumulative return in cash records $237,709. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,078/mo property income covering a $2,971/mo payment rather than investor’s personal income.
Single Family
Built in 1995
5,497 sqft lot
$N/A/sqft
No 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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