1949 E Aire Libre AvePhoenixAZ85022
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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 1949 E Aire Libre Ave, Phoenix, AZ, 85022 priced at $420,000 converts $3,080/mo rent into $514/mo cash flow after a $2,056/mo obligation. Total monthly income equals $3,080/mo, and annual cash flow totals $6,172/yr on $139,230 invested. Return on cash invested prints 24.34% in year one, and rental yield reads 8.8% against a $420,000 entry. Equity gained on principal adds $2,710/yr, while 5% annual appreciation compiles into $116,038 by year five. Five-year ROI reaches 126.52% and total cumulative return in cash sums $176,155. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,080/mo property income covering a $2,056/mo payment, not borrower’s personal income.
Single Family
Built in 1994
5,459 sqft lot
$N/A/sqft
$248 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85022, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,755 (100%) |
| Owner Occupied HU | 13,479 (54.4%) |
| Renter Occupied HU | 9,856 (39.8%) |
| Vacant Housing Units | 1,420 ( 5.7%) |
| Median Home Value | $451,289 |
| Average Home Value | $498,344 |
Housing Distribution
Address Breakdown
Residential
22,657
Single Family
14,089
Multi-Family
8,568
Businesses
784
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Listed by: Eric Williamson • Citiea
Mls Name: ARMLS
Mls Provider:
Mls ID: #6888114
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