3848 N 3rd Ave UNIT 2071PhoenixAZ85013
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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 3848 N 3rd Ave UNIT 2071, Phoenix, AZ, 85013 generates $2,458/mo in rent and, after a $1,468/mo payment, leaves $685/mo in cash flow. Total monthly income is $2,458/mo, and annual cash flow is $8,221/yr on $99,417 invested. Return on cash invested sits at 28.18% in year one, and rental yield is 9.84% on a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 146.86% and total cumulative return in cash sums $146,008. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,458/mo property income rather than buyer’s personal income.
Condo
Built in 1996
1,228 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85013, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,735 (100%) |
| Owner Occupied HU | 5,205 (35.3%) |
| Renter Occupied HU | 7,994 (54.3%) |
| Vacant Housing Units | 1,536 (10.4%) |
| Median Home Value | $565,526 |
| Average Home Value | $626,920 |
Housing Distribution
Address Breakdown
Residential
11,594
Single Family
5,564
Multi-Family
6,030
Businesses
592
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