349 E THOMAS Road #E407PhoenixAZ85012
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe headline number at 349 E THOMAS Road #E407, Phoenix, AZ, 85012 in Phoenix is the 1.90 coverage ratio: rent of $1,967/mo versus a $1,034/mo debt payment on a $230,000 property. Rental yield 10.26%. That margin is what gives Ziffy Mortgage's DSCR loan the coverage it needs for a clean, fast approval, no W-2s, no U.S. residency. Appreciation at 5%/yr projects $63,545 by year five, with $2,118/yr in equity from paydown. Total projected cumulative return: $126,082.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 6.2% |
| Monthly Cash Flow | $(97) | $450 |
City averages based on Phoenix market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,967 |
| Total Monthly Debt Service | $1,268 |
| DSCR Ratio | 1.55x |
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 1960
8,612 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85012, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,166 (100%) |
| Owner Occupied HU | 1,760 (34.1%) |
| Renter Occupied HU | 2,836 (54.9%) |
| Vacant Housing Units | 570 (11.0%) |
| Median Home Value | $782,907 |
| Average Home Value | $827,563 |
Housing Distribution
Address Breakdown
Residential
5,419
Single Family
1,628
Multi-Family
3,791
Businesses
1,048
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 1960
8,612 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85012, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,166 (100%) |
| Owner Occupied HU | 1,760 (34.1%) |
| Renter Occupied HU | 2,836 (54.9%) |
| Vacant Housing Units | 570 (11.0%) |
| Median Home Value | $782,907 |
| Average Home Value | $827,563 |
Housing Distribution
Address Breakdown
Residential
5,419
Single Family
1,628
Multi-Family
3,791
Businesses
1,048
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices