2616 E Southgate Ave APT 2PhoenixAZ85040
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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 2616 E Southgate Ave APT 2, Phoenix, AZ, 85040 offers a 7.33% rental yield on a $375,999 purchase with $2,296/mo rent. Total monthly income registers $2,296/mo, and a $1,840/mo payment leaves $74/mo available for distribution. Annual cash flow reaches $885/yr on $124,644 to close, and return on cash invested stands at 20.62% in year one. Equity gained on principal adds $2,426/yr while 5% annual appreciation supports $103,882 over five years. Portfolio math shows five-year ROI at 106.29% and total cumulative return in cash at $132,484. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,296/mo property income against a $1,840/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2006
6,900 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: Karl Kessler • West USA Realty
Mls Name: ARMLS
Mls Provider:
Mls ID: #6743066
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