3609 E Palm LnPhoenixAZ85008
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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 3609 E Palm Ln, Phoenix, AZ, 85008 generates $2,886/mo in rent, after a $2,444/mo payment. Total monthly income is $2,886/mo. Return on cash invested sits at 19.43% in year one, and rental yield is 6.94% on a $499,250 entry. Equity gained on principal adds $3,222/yr, while 5% annual appreciation builds toward $137,934 over five years. Five-year ROI reaches 99.94% and total cumulative return in cash sums $165,408. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,886/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
7,309 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85008, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,576 (100%) |
| Owner Occupied HU | 7,679 (31.2%) |
| Renter Occupied HU | 15,306 (62.3%) |
| Vacant Housing Units | 1,591 ( 6.5%) |
| Median Home Value | $414,264 |
| Average Home Value | $456,940 |
Housing Distribution
Address Breakdown
Residential
23,381
Single Family
9,478
Multi-Family
13,903
Businesses
1,322
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