21622 N 23rd Ave UNIT B303PhoenixAZ85027
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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 21622 N 23rd Ave UNIT B303, Phoenix, AZ, 85027 uses $52,709 cash to close to unlock $292/yr annual cash flow and $24/mo monthly cash flow. Total monthly income runs $1,204/mo, and a $778/mo payment keeps the spread at $24/mo. Purchase price stands at $159,000, and rental yield measures 9.09% with $1,204/mo rent. Return on cash invested shows 20.46% in year one, and 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 107.5% and total cumulative return in cash records $56,664. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,204/mo property income covering a $778/mo payment rather than investor’s personal income.
Apartment
Built in 1984
68 sqft lot
$N/A/sqft
$240 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85027, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,325 (100%) |
| Owner Occupied HU | 9,789 (56.5%) |
| Renter Occupied HU | 6,231 (36.0%) |
| Vacant Housing Units | 1,305 ( 7.5%) |
| Median Home Value | $376,882 |
| Average Home Value | $434,464 |
Housing Distribution
Address Breakdown
Residential
16,694
Single Family
11,421
Multi-Family
5,273
Businesses
1,913
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Listed by: Patricia A Garcia • Realty Executives
Mls Name: ARMLS
Mls Provider:
Mls ID: #6854346
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