21320 N 56th St UNIT 2197PhoenixAZ85054
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
Investment property for sale in Phoenix at 21320 N 56th St UNIT 2197, Phoenix, AZ, 85054 offers a 6.72% rental yield on a $695,000 purchase with $3,890/mo rent. 93% in year one. Equity gained on principal adds $4,485/yr while 5% annual appreciation supports $192,016 over five years. Portfolio math shows five-year ROI at 87.22% and total cumulative return in cash at $199,422. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,890/mo property income against a $3,402/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Apartment
Built in 2007
1,676 sqft lot
$N/A/sqft
$377 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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Listed by: Wendy R Walker • The Agency
Mls Name: ARMLS
Mls Provider:
Mls ID: #6746388
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