3030 E Clarendon Ave UNIT 16PhoenixAZ85016
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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 3030 E Clarendon Ave UNIT 16, Phoenix, AZ, 85016 earns $409/mo cash flow from $1,644/mo rent with a $1,023/mo payment. Total monthly income totals $1,644/mo, and annual cash flow totals $4,902/yr on $69,284 capital. ROI tracks 26.98% on current figures, and rental yield reads 9.44% at a $209,000 purchase. Equity gained on principal adds $1,349/yr, and 5% annual appreciation supports $57,743 over five years. Five-year ROI reaches 140.47% and total cumulative return in cash sums $97,322. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,644/mo property income instead of your personal income.
Condo
Built in 1975
663 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85016, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,297 (100%) |
| Owner Occupied HU | 9,257 (43.5%) |
| Renter Occupied HU | 9,498 (44.6%) |
| Vacant Housing Units | 2,542 (11.9%) |
| Median Home Value | $625,388 |
| Average Home Value | $702,882 |
Housing Distribution
Address Breakdown
Residential
20,383
Single Family
8,164
Multi-Family
12,219
Businesses
2,170
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