2215 N 38th WayPhoenixAZ85008
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 2215 N 38th Way, Phoenix, AZ, 85008 listed at $1,457,500 pairs $6,680/mo rent with a $7,134/mo payment. Total monthly income runs $6,680/mo. Return on cash invested measures 15.45% in year one, and rental yield registers 5.5% at a $1,457,500 basis. Equity gained on principal adds $9,405/yr, and annual property appreciation at 5% supports $402,680 by year five. Five-year ROI tracks 78.47% and total cumulative return in cash totals $370,548. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,680/mo property income relative to a $7,134/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2021
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85008, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,576 (100%) |
| Owner Occupied HU | 7,679 (31.2%) |
| Renter Occupied HU | 15,306 (62.3%) |
| Vacant Housing Units | 1,591 ( 6.5%) |
| Median Home Value | $414,264 |
| Average Home Value | $456,940 |
Housing Distribution
Address Breakdown
Residential
23,381
Single Family
9,478
Multi-Family
13,903
Businesses
1,322
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
