3131 W Cochise Dr UNIT 218PhoenixAZ85051
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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 3131 W Cochise Dr UNIT 218, Phoenix, AZ, 85051 offers a 10.55% rental yield on a $189,000 purchase with $1,661/mo rent. Total monthly income registers $1,661/mo, and a $925/mo payment leaves $239/mo available for distribution. Annual cash flow reaches $2,866/yr on $62,654 to close, and return on cash invested stands at 24.48% in year one. Equity gained on principal adds $1,220/yr while 5% annual appreciation supports $52,217 over five years. Portfolio math shows five-year ROI at 129.13% and total cumulative return in cash at $80,902. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,661/mo property income against a $925/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Apartment
Built in 1983
919 sqft lot
$N/A/sqft
$305 monthly 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: Karen Van Phan • HomeSmart
Mls Name: ARMLS
Mls Provider:
Mls ID: #6856442
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