18416 N Cave Creek Rd APT 3051PhoenixAZ85032
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
Rental property for sale in Phoenix at 18416 N Cave Creek Rd APT 3051, Phoenix, AZ, 85032 generates $1,426/mo in rent and, after a $945/mo payment, leaves $70/mo in cash flow. Total monthly income is $1,426/mo, and annual cash flow is $837/yr on $63,980 invested. Return on cash invested sits at 21.22% in year one, and rental yield is 8.87% on a $193,000 entry. Equity gained on principal adds $1,245/yr, while 5% annual appreciation builds toward $53,322 over five years. Five-year ROI reaches 110.97% and total cumulative return in cash sums $70,998. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,426/mo property income rather than buyer’s personal income.
Apartment
Built in 2005
712 sqft lot
$N/A/sqft
$215 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85032, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,670 (100%) |
| Owner Occupied HU | 16,608 (57.9%) |
| Renter Occupied HU | 10,272 (35.8%) |
| Vacant Housing Units | 1,790 ( 6.2%) |
| Median Home Value | $480,797 |
| Average Home Value | $535,828 |
Housing Distribution
Address Breakdown
Residential
29,279
Single Family
18,686
Multi-Family
10,593
Businesses
1,618
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