2846 N 46th Ave APT 3PhoenixAZ85035
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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
Rental property for sale in Phoenix at 2846 N 46th Ave APT 3, Phoenix, AZ, 85035 generates $1,324/mo in rent and, after a $778/mo payment, leaves $384/mo in cash flow. Total monthly income is $1,324/mo, and annual cash flow is $4,612/yr on $52,709 invested. Return on cash invested sits at 28.66% in year one, and rental yield is 9.99% on a $159,000 entry. Equity gained on principal adds $1,026/yr, while 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 149.44% and total cumulative return in cash sums $78,768. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,324/mo property income rather than buyer’s personal income.
Condo
Built in 1980
828 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85035, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,789 (100%) |
| Owner Occupied HU | 6,863 (49.8%) |
| Renter Occupied HU | 6,252 (45.3%) |
| Vacant Housing Units | 674 ( 4.9%) |
| Median Home Value | $265,008 |
| Average Home Value | $341,796 |
Housing Distribution
Address Breakdown
Residential
15,055
Single Family
8,195
Multi-Family
6,860
Businesses
310
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