2438 W Hearn RdPhoenixAZ85023
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 W Hearn Rd, Phoenix, AZ, 85023 priced at $558,000 pairs $3,367/mo rent with $69/mo cash flow after a $2,731/mo payment. Total monthly income equals $3,367/mo, and annual cash flow comes to $824/yr on $183,582 invested. Return on cash invested is 20.51% in year one, and rental yield stands at 7.24% on a $558,000 basis. Equity gained on principal adds $3,601/yr, and 5% annual appreciation accumulates to $154,165 by year five. Five-year ROI measures 105.66% and total cumulative return in cash reaches $193,981. For financing, Ziffy Mortgage’s DSCR program evaluates $3,367/mo property income against a $2,731/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1979
8,676 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85023, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,096 (100%) |
| Owner Occupied HU | 8,409 (52.2%) |
| Renter Occupied HU | 6,697 (41.6%) |
| Vacant Housing Units | 990 ( 6.2%) |
| Median Home Value | $422,242 |
| Average Home Value | $516,282 |
Housing Distribution
Address Breakdown
Residential
14,656
Single Family
8,414
Multi-Family
6,242
Businesses
446
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Listed by: Alen Chavez • West USA Realty
Mls Name: ARMLS
Mls Provider:
Mls ID: #6739186
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