3702 E Karen DrPhoenixAZ85032
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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 3702 E Karen Dr, Phoenix, AZ, 85032 uses $149,175 cash to close to unlock $2,130/yr annual cash flow and $178/mo monthly cash flow. Total monthly income runs $2,838/mo, and a $2,203/mo payment keeps the spread at $178/mo. Purchase price stands at $450,000, and rental yield measures 7.57% with $2,838/mo rent. Return on cash invested shows 21.34% in year one, and 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 110.15% and total cumulative return in cash records $164,310. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,838/mo property income covering a $2,203/mo payment rather than investor’s personal income.
Single Family
Built in 1979
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85032, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,670 (100%) |
| Owner Occupied HU | 16,608 (57.9%) |
| Renter Occupied HU | 10,272 (35.8%) |
| Vacant Housing Units | 1,790 ( 6.2%) |
| Median Home Value | $480,797 |
| Average Home Value | $535,828 |
Housing Distribution
Address Breakdown
Residential
29,279
Single Family
18,686
Multi-Family
10,593
Businesses
1,618
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Listed by: Tara Jones • Opendoor Brokerage, LLC
Mls Name: ARMLS
Mls Provider:
Mls ID: #6840875
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