2342 W Turney AvePhoenixAZ85015
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
Rental property for sale in Phoenix at 2342 W Turney Ave, Phoenix, AZ, 85015 priced at $659,000 converts $4,073/mo rent into $178/mo cash flow after a $3,225/mo obligation. Total monthly income equals $4,073/mo, and annual cash flow totals $2,136/yr on $216,811 invested. Return on cash invested prints 21.05% in year one, and rental yield reads 7.42% against a $659,000 entry. Equity gained on principal adds $4,252/yr, while 5% annual appreciation compiles into $182,070 by year five. Five-year ROI reaches 108.56% and total cumulative return in cash sums $235,363. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,073/mo property income covering a $3,225/mo payment, not borrower’s personal income.
Single Family
Built in 1944
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85015, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,677 (100%) |
| Owner Occupied HU | 6,225 (35.2%) |
| Renter Occupied HU | 10,034 (56.8%) |
| Vacant Housing Units | 1,418 ( 8.0%) |
| Median Home Value | $418,594 |
| Average Home Value | $512,861 |
Housing Distribution
Address Breakdown
Residential
16,504
Single Family
8,707
Multi-Family
7,797
Businesses
894
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