1701 E Colter St UNIT 443PhoenixAZ85016
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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 1701 E Colter St UNIT 443, Phoenix, AZ, 85016 generates $3,151/mo in rent and, after a $1,838/mo payment, leaves $591/mo in cash flow. Total monthly income is $3,151/mo, and annual cash flow is $7,094/yr on $124,511 invested. Return on cash invested sits at 25.61% in year one, and rental yield is 10.07% on a $375,600 entry. Equity gained on principal adds $2,424/yr, while 5% annual appreciation builds toward $103,771 over five years. Five-year ROI reaches 134.24% and total cumulative return in cash sums $167,147. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,151/mo property income rather than buyer’s personal income.
Apartment
Built in 2003
1,306 sqft lot
$N/A/sqft
$340 monthly 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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