2831 W Montecito AvePhoenixAZ85017
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayNot all U.S. investment properties are valued for current income. 2831 W Montecito Ave, Phoenix, AZ, 85017 in Phoenix at $335,000, 5.29% gross yield, is a market-growth asset. Rental yield 5.29%. The $1,478/mo rent partially funds the $1,506/mo debt service; the core return is the 5%/yr price growth projected to add $92,554 over five years. Ziffy Mortgage's DSCR mortgage (0.98) provides financing for foreign nationals without domestic income checks. A 30–35% down payment often produces the cleanest coverage for low-yield properties. Total five-year return: $94,357.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.3% | 6.2% |
| Monthly Cash Flow | $(502) | $450 |
City averages based on Phoenix market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,478 |
| Total Monthly Debt Service | $1,847 |
| DSCR Ratio | 0.80x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Single Family
Built in 1951
6,207 sqft lot
$N/A/sqft
No 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
Single Family
Built in 1951
6,207 sqft lot
$N/A/sqft
No 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
