18020 N 31st AvePhoenixAZ85053
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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 18020 N 31st Ave, Phoenix, AZ, 85053 uses $106,047 cash to close to unlock $2,337/yr annual cash flow and $195/mo monthly cash flow. Total monthly income runs $2,086/mo, and a $1,566/mo payment keeps the spread at $195/mo. Purchase price stands at $319,900, and rental yield measures 7.82% with $2,086/mo rent. Return on cash invested shows 22.11% in year one, and 5% annual appreciation builds toward $88,382 over five years. Five-year ROI reaches 114.31% and total cumulative return in cash records $121,220. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,086/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Single Family
Built in 1978
6,701 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85053, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,803 (100%) |
| Owner Occupied HU | 7,267 (61.6%) |
| Renter Occupied HU | 4,140 (35.1%) |
| Vacant Housing Units | 396 ( 3.4%) |
| Median Home Value | $393,135 |
| Average Home Value | $427,438 |
Housing Distribution
Address Breakdown
Residential
11,607
Single Family
8,085
Multi-Family
3,522
Businesses
501
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