2938 W Altadena AvePhoenixAZ85029
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderCapital preservation and steady income define 2938 W Altadena Ave, Phoenix, AZ, 85029 in Phoenix. Rental yield 7.02%. The 1.30 coverage passes Ziffy Mortgage's DSCR threshold for non-U.S. residents. Five-year appreciation of $108,855 and $3,629/yr in principal reduction project total return of $138,091.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7% | 6.2% |
| Monthly Cash Flow | $(179) | $450 |
City averages based on Phoenix market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,305 |
| Total Monthly Debt Service | $2,327 |
| DSCR Ratio | 0.99x |
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 1977
5,122 sqft lot
$N/A/sqft
$155 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85029, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,741 (100%) |
| Owner Occupied HU | 9,528 (50.8%) |
| Renter Occupied HU | 8,353 (44.6%) |
| Vacant Housing Units | 860 ( 4.6%) |
| Median Home Value | $373,049 |
| Average Home Value | $453,420 |
Housing Distribution
Address Breakdown
Residential
17,784
Single Family
11,414
Multi-Family
6,370
Businesses
1,029
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 1977
5,122 sqft lot
$N/A/sqft
$155 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85029, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,741 (100%) |
| Owner Occupied HU | 9,528 (50.8%) |
| Renter Occupied HU | 8,353 (44.6%) |
| Vacant Housing Units | 860 ( 4.6%) |
| Median Home Value | $373,049 |
| Average Home Value | $453,420 |
Housing Distribution
Address Breakdown
Residential
17,784
Single Family
11,414
Multi-Family
6,370
Businesses
1,029
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tara Jones • Opendoor Brokerage, LLC
Mls Name: ARMLS
Mls Provider:
Mls ID: #6656537
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