351 E Thomas Rd UNIT D505PhoenixAZ85012
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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
Investment property for sale in Phoenix at 351 E Thomas Rd UNIT D505, Phoenix, AZ, 85012 uses $57,847 cash to close to unlock $7,303/yr annual cash flow and $609/mo monthly cash flow. Total monthly income runs $1,640/mo, and a $854/mo payment keeps the spread at $609/mo. Purchase price stands at $174,500, and rental yield measures 11.28% with $1,640/mo rent. Return on cash invested shows 32.53% in year one, and 5% annual appreciation builds toward $48,211 over five years. Five-year ROI reaches 170.2% and total cumulative return in cash records $98,454. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,640/mo property income covering a $854/mo payment rather than investor’s personal income.
Condo
Built in 1960
85 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
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