3302 N 7th St UNIT 364PhoenixAZ85014
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 3302 N 7th St UNIT 364, Phoenix, AZ, 85014 generates $1,950/mo in rent and, after a $1,510/mo payment, leaves $126/mo in cash flow. Total monthly income is $1,950/mo, and annual cash flow is $1,516/yr on $102,268 invested. Return on cash invested sits at 21.39% in year one, and rental yield is 7.59% on a $308,500 entry. Equity gained on principal adds $1,991/yr, while 5% annual appreciation builds toward $85,233 over five years. Five-year ROI reaches 110.46% and total cumulative return in cash sums $112,961. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,950/mo property income rather than buyer’s personal income.
Townhouse
Built in 1999
1,178 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