3302 N 7th St UNIT 111PhoenixAZ85014
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe cash-flow margin at 3302 N 7th St UNIT 111, Phoenix, AZ, 85014 in Phoenix is narrow, $125/mo net on $1,444/mo rent after the $1,003/mo debt service, but the property operates at break-even-plus, not a loss. At $223,000 with a 7.77% yield, the long-run equity case via 5% appreciation ($61,611 over five years) and $2,054/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.44 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $92,415.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.8% | 6.2% |
| Monthly Cash Flow | $125 | $450 |
City averages based on Phoenix market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,444 |
| Total Monthly Debt Service | $1,229 |
| DSCR Ratio | 1.17x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Apartment
Built in 1999
760 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85014, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,930 (100%) |
| Owner Occupied HU | 5,561 (34.9%) |
| Renter Occupied HU | 8,676 (54.5%) |
| Vacant Housing Units | 1,693 (10.6%) |
| Median Home Value | $548,222 |
| Average Home Value | $621,028 |
Housing Distribution
Address Breakdown
Residential
14,372
Single Family
6,636
Multi-Family
7,736
Businesses
1,116
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
Apartment
Built in 1999
760 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85014, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,930 (100%) |
| Owner Occupied HU | 5,561 (34.9%) |
| Renter Occupied HU | 8,676 (54.5%) |
| Vacant Housing Units | 1,693 (10.6%) |
| Median Home Value | $548,222 |
| Average Home Value | $621,028 |
Housing Distribution
Address Breakdown
Residential
14,372
Single Family
6,636
Multi-Family
7,736
Businesses
1,116
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices