2608 W Berridge Ln UNIT 220PhoenixAZ85017
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 2608 W Berridge Ln UNIT 220, Phoenix, AZ, 85017 generates $1,292/mo in rent and, after a $582/mo payment, leaves $413/mo in cash flow. Total monthly income is $1,292/mo, and annual cash flow is $4,956/yr on $39,449 invested. Return on cash invested sits at 32.47% in year one, and rental yield is 13.03% on a $119,000 entry. Equity gained on principal adds $768/yr, while 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 171.91% and total cumulative return in cash sums $67,817. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,292/mo property income rather than buyer’s personal income.
Apartment
Built in 1963
2.14 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Thomas J Loegering Jr. • REMS(Real Estate Management Se
Mls Name: ARMLS
Mls Provider:
Mls ID: #6791209
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