2305 E Southern AvePhoenixAZ85040
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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 2305 E Southern Ave, Phoenix, AZ, 85040 offers $1,733/mo rent that, after a $1,615/mo payment. Total monthly income is $1,733/mo. Return on cash invested measures 17.52% in year one, and rental yield stands at 6.3% at a $329,900 entry. Equity gained on principal adds $2,129/yr while 5% annual appreciation compounds into $91,145 by year five. Five-year ROI records 89.69% and total cumulative return in cash reaches $98,091. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,733/mo property income versus a $1,615/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
5,864 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85040, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,360 (100%) |
| Owner Occupied HU | 5,938 (48.0%) |
| Renter Occupied HU | 5,603 (45.3%) |
| Vacant Housing Units | 819 ( 6.6%) |
| Median Home Value | $346,113 |
| Average Home Value | $421,162 |
Housing Distribution
Address Breakdown
Residential
11,274
Single Family
7,244
Multi-Family
4,030
Businesses
2,103
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Listed by: Ana Rosa Garcia • Big Door Realty, LLC
Mls Name: ARMLS
Mls Provider:
Mls ID: #6850546
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