3033 E Devonshire Ave UNIT 1037PhoenixAZ85016
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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
Total monthly income runs $976/mo, and a $612/mo payment. Purchase price stands at $125,000, and rental yield measures 9.37% with $976/mo rent. Return on cash invested shows 17.5% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 92.94% and total cumulative return in cash records $38,513. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $976/mo property income covering a $612/mo payment rather than investor’s personal income.
Apartment
Built in 1981
528 sqft lot
$N/A/sqft
$320 monthly 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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Listed by: Michelle M Matthew • Jason Mitchell Real Estate
Mls Name: ARMLS
Mls Provider:
Mls ID: #6807582
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