1934 E Fairmount AvePhoenixAZ85016
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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 1934 E Fairmount Ave, Phoenix, AZ, 85016 generates $3,478/mo in rent, after a $8,443/mo payment. Total monthly income is $3,478/mo. Return on cash invested sits at 5.94% in year one, and rental yield is 2.42% on a $1,725,000 entry. Equity gained on principal adds $11,131/yr, while 5% annual appreciation builds toward $476,586 over five years. Five-year ROI reaches 27.49% and total cumulative return in cash sums $153,632. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,478/mo property income rather than buyer’s personal income.
Multi Family
Built in 1963
0.29 Acres lot
$N/A/sqft
No 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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