3511 E Baseline Rd UNIT 1243PhoenixAZ85042
Nearby investment properties with comparable rents
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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 3511 E Baseline Rd UNIT 1243, Phoenix, AZ, 85042 generates $2,442/mo in rent and, after a $1,238/mo payment, leaves $722/mo in cash flow. Total monthly income is $2,442/mo, and annual cash flow is $8,661/yr on $83,870 invested. Return on cash invested sits at 30.24% in year one, and rental yield is 11.58% on a $253,000 entry. Equity gained on principal adds $1,633/yr, while 5% annual appreciation builds toward $69,899 over five years. Five-year ROI reaches 159.01% and total cumulative return in cash sums $133,360. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,442/mo property income rather than buyer’s personal income.
Townhouse
Built in 1986
521 sqft lot
$N/A/sqft
$225 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85042, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,854 (100%) |
| Owner Occupied HU | 11,051 (65.6%) |
| Renter Occupied HU | 4,938 (29.3%) |
| Vacant Housing Units | 865 ( 5.1%) |
| Median Home Value | $437,705 |
| Average Home Value | $496,161 |
Housing Distribution
Address Breakdown
Residential
16,608
Single Family
10,960
Multi-Family
5,648
Businesses
431
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Listed by: Hillary Key • A.Z. & Associates
Mls Name: ARMLS
Mls Provider:
Mls ID: #6801319
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