2223 N 62nd LnPhoenixAZ85035
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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 2223 N 62nd Ln, Phoenix, AZ, 85035 generates $3,176/mo in rent and, after a $1,870/mo payment, leaves $918/mo in cash flow. Total monthly income is $3,176/mo, and annual cash flow is $11,012/yr on $126,633 invested. Return on cash invested sits at 28.6% in year one, and rental yield is 9.98% on a $382,000 entry. Equity gained on principal adds $2,465/yr, while 5% annual appreciation builds toward $105,540 over five years. Five-year ROI reaches 149.11% and total cumulative return in cash sums $188,825. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,176/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
7,144 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85035, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,789 (100%) |
| Owner Occupied HU | 6,863 (49.8%) |
| Renter Occupied HU | 6,252 (45.3%) |
| Vacant Housing Units | 674 ( 4.9%) |
| Median Home Value | $265,008 |
| Average Home Value | $341,796 |
Housing Distribution
Address Breakdown
Residential
15,055
Single Family
8,195
Multi-Family
6,860
Businesses
310
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