3710 W Luke AvePhoenixAZ85019
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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 3710 W Luke Ave, Phoenix, AZ, 85019 offers a 9.97% rental yield on a $289,000 purchase with $2,400/mo rent. Total monthly income registers $2,400/mo, and a $1,415/mo payment leaves $691/mo available for distribution. Annual cash flow reaches $8,294/yr on $95,804 to close, and return on cash invested stands at 28.57% in year one. Equity gained on principal adds $1,865/yr while 5% annual appreciation supports $79,845 over five years. Portfolio math shows five-year ROI at 148.94% and total cumulative return in cash at $142,694. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,400/mo property income against a $1,415/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
6,523 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85019, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,412 (100%) |
| Owner Occupied HU | 4,643 (49.3%) |
| Renter Occupied HU | 4,361 (46.3%) |
| Vacant Housing Units | 408 ( 4.3%) |
| Median Home Value | $305,775 |
| Average Home Value | $310,300 |
Housing Distribution
Address Breakdown
Residential
8,085
Single Family
6,105
Multi-Family
1,980
Businesses
537
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