2438 E Atlanta AvePhoenixAZ85040
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 2438 E Atlanta Ave, Phoenix, AZ, 85040 priced at $442,990 converts $3,060/mo rent into $442/mo cash flow after a $2,168/mo obligation. Total monthly income equals $3,060/mo, and annual cash flow totals $5,299/yr on $146,851 invested. Return on cash invested prints 23.52% in year one, and rental yield reads 8.29% against a $442,990 entry. Equity gained on principal adds $2,859/yr, while 5% annual appreciation compiles into $122,390 by year five. Five-year ROI reaches 121.83% and total cumulative return in cash sums $178,909. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,060/mo property income covering a $2,168/mo payment, not borrower’s personal income.
Single Family
Built in 2019
7,349 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: Fernando Diaz • My Home Group Real Estate
Mls Name: ARMLS
Mls Provider:
Mls ID: #6789042
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