2602 W Berridge Ln UNIT C-102PhoenixAZ85017
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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
Investment property for sale in Phoenix at 2602 W Berridge Ln UNIT C-102, Phoenix, AZ, 85017 uses $36,100 cash to close to unlock $195/yr annual cash flow and $16/mo monthly cash flow. Total monthly income runs $836/mo, and a $533/mo payment keeps the spread at $16/mo. Purchase price stands at $108,900, and rental yield measures 9.21% with $836/mo rent. Return on cash invested shows 20.45% in year one, and 5% annual appreciation builds toward $30,087 over five years. Five-year ROI reaches 107.61% and total cumulative return in cash records $38,846. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $836/mo property income covering a $533/mo payment rather than investor’s personal income.
Apartment
Built in 1963
2.39 Acres lot
$N/A/sqft
$176 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85017, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,274 (100%) |
| Owner Occupied HU | 5,252 (42.8%) |
| Renter Occupied HU | 6,048 (49.3%) |
| Vacant Housing Units | 974 ( 7.9%) |
| Median Home Value | $266,505 |
| Average Home Value | $332,390 |
Housing Distribution
Address Breakdown
Residential
11,790
Single Family
6,924
Multi-Family
4,866
Businesses
1,173
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Listed by: Sergio Polanco • Best Homes Real Estate
Mls Name: ARMLS
Mls Provider:
Mls ID: #6847804
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