3045 W Palmaire AvePhoenixAZ85051
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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
Rental property for sale in Phoenix at 3045 W Palmaire Ave, Phoenix, AZ, 85051 priced at $435,000 converts $2,512/mo rent into after a $2,129/mo obligation. Total monthly income equals $2,512/mo. Return on cash invested prints 19.42% in year one, and rental yield reads 6.93% against a $435,000 entry. Equity gained on principal adds $2,807/yr, while 5% annual appreciation compiles into $120,182 by year five. Five-year ROI reaches 99.83% and total cumulative return in cash sums $143,964. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,512/mo property income covering a $2,129/mo payment, not borrower’s personal income.
Single Family
Built in 1971
8,751 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85051, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,262 (100%) |
| Owner Occupied HU | 9,005 (55.4%) |
| Renter Occupied HU | 6,612 (40.7%) |
| Vacant Housing Units | 645 ( 4.0%) |
| Median Home Value | $344,534 |
| Average Home Value | $358,919 |
Housing Distribution
Address Breakdown
Residential
16,055
Single Family
10,536
Multi-Family
5,519
Businesses
737
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Listed by: Sara Zandi • Avenue 3 Realty, LLC
Mls Name: ARMLS
Mls Provider:
Mls ID: #6855270
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