19601 N 7th St UNIT 2002PhoenixAZ85024
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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 19601 N 7th St UNIT 2002, Phoenix, AZ, 85024 uses $69,284 cash to close to unlock $1,866/yr annual cash flow and $156/mo monthly cash flow. Total monthly income runs $1,609/mo, and a $1,023/mo payment keeps the spread at $156/mo. Purchase price stands at $209,000, and rental yield measures 9.24% with $1,609/mo rent. Return on cash invested shows 22.6% in year one, and 5% annual appreciation builds toward $57,743 over five years. Five-year ROI reaches 118.32% and total cumulative return in cash records $81,974. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,609/mo property income covering a $1,023/mo payment rather than investor’s personal income.
Apartment
Built in 1985
495 sqft lot
$N/A/sqft
$218 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85024, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,975 (100%) |
| Owner Occupied HU | 7,514 (68.5%) |
| Renter Occupied HU | 2,968 (27.0%) |
| Vacant Housing Units | 493 ( 4.5%) |
| Median Home Value | $461,710 |
| Average Home Value | $480,628 |
Housing Distribution
Address Breakdown
Residential
11,616
Single Family
6,964
Multi-Family
4,652
Businesses
466
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Listed by: Kristin LaVanway • HomeSmart
Mls Name: ARMLS
Mls Provider:
Mls ID: #6741747
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