215 E McKinley St #201PhoenixAZ85004
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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 215 E McKinley St #201, Phoenix, AZ, 85004 generates $1,874/mo in rent and, after a $1,346/mo payment, leaves $248/mo in cash flow. Total monthly income is $1,874/mo, and annual cash flow is $2,981/yr on $91,163 invested. Return on cash invested sits at 23.18% in year one, and rental yield is 8.18% on a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 120.03% and total cumulative return in cash sums $109,427. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,874/mo property income rather than buyer’s personal income.
Condo
Built in 2007
563 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85004, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,205 (100%) |
| Owner Occupied HU | 1,131 (13.8%) |
| Renter Occupied HU | 5,518 (67.3%) |
| Vacant Housing Units | 1,556 (19.0%) |
| Median Home Value | $593,600 |
| Average Home Value | $660,424 |
Housing Distribution
Address Breakdown
Residential
7,928
Single Family
740
Multi-Family
7,188
Businesses
1,192
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