339 N Laurel AvePhoenixAZ85007
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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 339 N Laurel Ave, Phoenix, AZ, 85007 priced at $499,800 converts $2,864/mo rent into after a $2,446/mo obligation. Total monthly income equals $2,864/mo. Return on cash invested prints 19.26% in year one, and rental yield reads 6.88% against a $499,800 entry. Equity gained on principal adds $3,225/yr, while 5% annual appreciation compiles into $138,086 by year five. Five-year ROI reaches 98.97% and total cumulative return in cash sums $163,973. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,864/mo property income covering a $2,446/mo payment, not borrower’s personal income.
Multi Family
Built in 1920
6,771 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85007, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,886 (100%) |
| Owner Occupied HU | 2,392 (40.6%) |
| Renter Occupied HU | 2,905 (49.4%) |
| Vacant Housing Units | 589 (10.0%) |
| Median Home Value | $499,256 |
| Average Home Value | $568,905 |
Housing Distribution
Address Breakdown
Residential
5,418
Single Family
3,937
Multi-Family
1,481
Businesses
838
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Listed by: Thomas Palestina • ABI Multifamily
Mls Name: ARMLS
Mls Provider:
Mls ID: #6796356
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