17241 N 16th Dr APT 1PhoenixAZ85023
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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 17241 N 16th Dr APT 1, Phoenix, AZ, 85023 uses $75,914 cash to close to unlock $74/yr annual cash flow and $6/mo monthly cash flow. Total monthly income runs $1,603/mo, and a $1,121/mo payment keeps the spread at $6/mo. Purchase price stands at $229,000, and rental yield measures 8.4% with $1,603/mo rent. Return on cash invested shows 20.01% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 104.43% and total cumulative return in cash records $79,277. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,603/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Townhouse
Built in 1981
1,052 sqft lot
$N/A/sqft
$243 monthly 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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Listed by: Alicia Hughes • Citiea
Mls Name: ARMLS
Mls Provider:
Mls ID: #6841450
Disclaimer: All information should be verified by the recipient and none is guaranteed as accurate by ARMLS Listing Information presented by local MLS brokerage: Zillow, Inc., Designated REALTOR- Chris Long - (480) 907-1010