1816 N 38th DrPhoenixAZ85009
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
Investment property for sale in Phoenix at 1816 N 38th Dr, Phoenix, AZ, 85009 earns $245/mo cash flow from $1,591/mo rent with a $1,101/mo payment. Total monthly income totals $1,591/mo, and annual cash flow totals $2,943/yr on $74,554 capital. ROI tracks 23.86% on current figures, and rental yield reads 8.49% at a $224,900 purchase. Equity gained on principal adds $1,451/yr, and 5% annual appreciation supports $62,136 over five years. Five-year ROI reaches 123.79% and total cumulative return in cash sums $92,293. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,591/mo property income instead of your personal income.
Single Family
Built in 1946
6,826 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85009, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,937 (100%) |
| Owner Occupied HU | 7,133 (51.2%) |
| Renter Occupied HU | 6,020 (43.2%) |
| Vacant Housing Units | 784 ( 5.6%) |
| Median Home Value | $228,786 |
| Average Home Value | $306,232 |
Housing Distribution
Address Breakdown
Residential
13,005
Single Family
10,729
Multi-Family
2,276
Businesses
2,136
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Harrison Verne • AZArchitecture/Jarson & Jarson
Mls Name: ARMLS
Mls Provider:
Mls ID: #6869926
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