21320 N 56th St UNIT 1146PhoenixAZ85054
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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 21320 N 56th St UNIT 1146, Phoenix, AZ, 85054 uses $201,513 cash to close to unlock $723/yr annual cash flow and $60/mo monthly cash flow. Total monthly income runs $4,084/mo, and a $2,998/mo payment keeps the spread at $60/mo. Purchase price stands at $612,500, and rental yield measures 8% with $4,084/mo rent. Return on cash invested shows 20.42% in year one, and 5% annual appreciation builds toward $169,222 over five years. Five-year ROI reaches 106.06% and total cumulative return in cash records $213,720. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,084/mo property income covering a $2,998/mo payment rather than investor’s personal income.
Condo
Built in 2007
1,684 sqft lot
$N/A/sqft
$403 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85054, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,393 (100%) |
| Owner Occupied HU | 2,322 (27.7%) |
| Renter Occupied HU | 4,185 (49.9%) |
| Vacant Housing Units | 1,886 (22.5%) |
| Median Home Value | $610,524 |
| Average Home Value | $640,581 |
Housing Distribution
Address Breakdown
Residential
6,925
Single Family
764
Multi-Family
6,161
Businesses
236
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