2989 N 44th St UNIT 1003PhoenixAZ85018
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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 2989 N 44th St UNIT 1003, Phoenix, AZ, 85018 uses $124,313 cash to close to unlock $2,613/yr annual cash flow and $218/mo monthly cash flow. Total monthly income runs $2,434/mo, and a $1,835/mo payment keeps the spread at $218/mo. Purchase price stands at $375,000, and rental yield measures 7.79% with $2,434/mo rent. Return on cash invested shows 22.01% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 113.74% and total cumulative return in cash records $141,399. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,434/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Condo
Built in 2004
106 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85018, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,325 (100%) |
| Owner Occupied HU | 9,981 (54.5%) |
| Renter Occupied HU | 6,698 (36.6%) |
| Vacant Housing Units | 1,646 ( 9.0%) |
| Median Home Value | $886,961 |
| Average Home Value | $1,032,417 |
Housing Distribution
Address Breakdown
Residential
19,315
Single Family
10,934
Multi-Family
8,381
Businesses
1,497
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