3033 E Devonshire Ave UNIT 2036PhoenixAZ85016
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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 3033 E Devonshire Ave UNIT 2036, Phoenix, AZ, 85016 uses $48,366 cash to close to unlock $3,188/yr annual cash flow and $266/mo monthly cash flow. Total monthly income runs $1,128/mo, and a $714/mo payment keeps the spread at $266/mo. Purchase price stands at $145,900, and rental yield measures 9.28% with $1,128/mo rent. Return on cash invested shows 26.5% in year one, and 5% annual appreciation builds toward $40,309 over five years. Five-year ROI reaches 137.83% and total cumulative return in cash records $66,663. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,128/mo property income covering a $714/mo payment rather than investor’s personal income.
Condo
Built in 1981
73 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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