2847 N 46th Ave APT 8PhoenixAZ85035
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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 2847 N 46th Ave APT 8, Phoenix, AZ, 85035 earns $108/mo cash flow from $1,240/mo rent with a $808/mo payment. Total monthly income totals $1,240/mo, and annual cash flow totals $1,299/yr on $54,698 capital. ROI tracks 22.28% on current figures, and rental yield reads 9.02% at a $165,000 purchase. Equity gained on principal adds $1,065/yr, and 5% annual appreciation supports $45,586 over five years. Five-year ROI reaches 116.52% and total cumulative return in cash sums $63,731. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,240/mo property income instead of your personal income.
Apartment
Built in 1980
1.40 Acres lot
$N/A/sqft
$156 monthly 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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Listed by: Michael Buttery • Wise Choice Properties
Mls Name: ARMLS
Mls Provider:
Mls ID: #6807410
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