2629 W Ocotillo Rd UNIT 3PhoenixAZ85017
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowNot flashy, but dependably profitable, 2629 W Ocotillo Rd UNIT 3, Phoenix, AZ, 85017 in Phoenix is listed at $199,000 and delivers $1,694/mo in rent and $232/mo in net monthly cash flow. The 10.22% yield and 1.89 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $54,980 over five years, and $1,833/yr in principal reduction supplements cash return. Total projected cumulative return: $91,374.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.2% | 6.2% |
| Monthly Cash Flow | $232 | $450 |
City averages based on Phoenix market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,694 |
| Total Monthly Debt Service | $1,383 |
| DSCR Ratio | 1.22x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Apartment
Built in 1979
887 sqft lot
$N/A/sqft
$286 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
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
Apartment
Built in 1979
887 sqft lot
$N/A/sqft
$286 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: Beth Jo Zeitzer • R.O.I. Properties
Mls Name: ARMLS
Mls Provider:
Mls ID: #6804859
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