353 E Thomas Rd UNIT C405PhoenixAZ85012
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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 353 E Thomas Rd UNIT C405, Phoenix, AZ, 85012 generates $1,967/mo in rent, after a $1,346/mo payment. Total monthly income is $1,967/mo. Return on cash invested sits at 17.78% in year one, and rental yield is 8.58% on a $274,990 entry. Equity gained on principal adds $1,774/yr, while 5% annual appreciation builds toward $75,975 over five years. Five-year ROI reaches 93.5% and total cumulative return in cash sums $85,232. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,967/mo property income rather than buyer’s personal income.
Apartment
Built in 1960
129 sqft lot
$N/A/sqft
$503 monthly 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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Listed by: Felipe Reyes • A.Z. & Associates, LLC
Mls Name: ARMLS
Mls Provider:
Mls ID: #6777857
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