3618 N 38th St UNIT 3PhoenixAZ85018
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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 3618 N 38th St UNIT 3, Phoenix, AZ, 85018 listed at $665,000 pairs $3,375/mo rent with a $3,255/mo payment. Total monthly income runs $3,375/mo. Return on cash invested measures 17.01% in year one, and rental yield registers 6.09% at a $665,000 basis. Equity gained on principal adds $4,291/yr, and annual property appreciation at 5% supports $183,727 by year five. Five-year ROI tracks 86.89% and total cumulative return in cash totals $190,099. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,375/mo property income relative to a $3,255/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2005
946 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85018, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,325 (100%) |
| Owner Occupied HU | 9,981 (54.5%) |
| Renter Occupied HU | 6,698 (36.6%) |
| Vacant Housing Units | 1,646 ( 9.0%) |
| Median Home Value | $886,961 |
| Average Home Value | $1,032,417 |
Housing Distribution
Address Breakdown
Residential
19,315
Single Family
10,934
Multi-Family
8,381
Businesses
1,497
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