2908 N 56th AvePhoenixAZ85031
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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 2908 N 56th Ave, Phoenix, AZ, 85031 listed at $378,500 pairs $2,106/mo rent with a $1,853/mo payment. Total monthly income runs $2,106/mo. Return on cash invested measures 18.59% in year one, and rental yield registers 6.68% at a $378,500 basis. Equity gained on principal adds $2,442/yr, and annual property appreciation at 5% supports $104,573 by year five. Five-year ROI tracks 95.42% and total cumulative return in cash totals $119,722. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,106/mo property income relative to a $1,853/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1958
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85031, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,033 (100%) |
| Owner Occupied HU | 4,736 (59.0%) |
| Renter Occupied HU | 2,948 (36.7%) |
| Vacant Housing Units | 349 ( 4.3%) |
| Median Home Value | $316,994 |
| Average Home Value | $340,740 |
Housing Distribution
Address Breakdown
Residential
8,317
Single Family
6,368
Multi-Family
1,949
Businesses
425
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Listed by: Andrew J Maxson • My Home Group Real Estate
Mls Name: ARMLS
Mls Provider:
Mls ID: #6796722
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