2831 W Montecito AvePhoenixAZ85017
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 2831 W Montecito Ave, Phoenix, AZ, 85017 generates $1,478/mo in rent, after a $1,640/mo payment. Total monthly income is $1,478/mo. Return on cash invested sits at 14.48% in year one, and rental yield is 5.29% on a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 73.38% and total cumulative return in cash sums $81,488. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,478/mo property income rather than buyer’s personal income.
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
