316 W Kelton LnPhoenixAZ85023
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 316 W Kelton Ln, Phoenix, AZ, 85023 priced at $445,000 converts $3,118/mo rent into $488/mo cash flow after a $2,178/mo obligation. Total monthly income equals $3,118/mo, and annual cash flow totals $5,851/yr on $147,518 invested. Return on cash invested prints 23.88% in year one, and rental yield reads 8.41% against a $445,000 entry. Equity gained on principal adds $2,872/yr, while 5% annual appreciation compiles into $122,945 by year five. Five-year ROI reaches 123.75% and total cumulative return in cash sums $182,552. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,118/mo property income covering a $2,178/mo payment, not borrower’s personal income.
Single Family
Built in 1995
5,982 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85023, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,096 (100%) |
| Owner Occupied HU | 8,409 (52.2%) |
| Renter Occupied HU | 6,697 (41.6%) |
| Vacant Housing Units | 990 ( 6.2%) |
| Median Home Value | $422,242 |
| Average Home Value | $516,282 |
Housing Distribution
Address Breakdown
Residential
14,656
Single Family
8,414
Multi-Family
6,242
Businesses
446
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