21622 N 23rd Ave UNIT B304PhoenixAZ85027
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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 B304, Phoenix, AZ, 85027 earns $48/mo cash flow from $1,246/mo rent with a $793/mo payment. Total monthly income totals $1,246/mo, and annual cash flow totals $580/yr on $53,703 capital. ROI tracks 20.99% on current figures, and rental yield reads 9.23% at a $162,000 purchase. Equity gained on principal adds $1,045/yr, and 5% annual appreciation supports $44,758 over five years. Five-year ROI reaches 110.28% and total cumulative return in cash sums $59,225. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,246/mo property income instead of your personal income.
Apartment
Built in 1984
709 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: #6854362
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