402 E Charleston AvePhoenixAZ85022
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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 402 E Charleston Ave, Phoenix, AZ, 85022 generates $1,904/mo in rent and, after a $1,366/mo payment, leaves $224/mo in cash flow. Total monthly income is $1,904/mo, and annual cash flow is $2,692/yr on $92,489 invested. Return on cash invested sits at 22.82% in year one, and rental yield is 8.19% on a $279,000 entry. Equity gained on principal adds $1,800/yr, while 5% annual appreciation builds toward $77,083 over five years. Five-year ROI reaches 118.27% and total cumulative return in cash sums $109,387. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,904/mo property income rather than buyer’s personal income.
Manufactured
Built in 1978
7,609 sqft lot
$N/A/sqft
$30 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85022, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,755 (100%) |
| Owner Occupied HU | 13,479 (54.4%) |
| Renter Occupied HU | 9,856 (39.8%) |
| Vacant Housing Units | 1,420 ( 5.7%) |
| Median Home Value | $451,289 |
| Average Home Value | $498,344 |
Housing Distribution
Address Breakdown
Residential
22,657
Single Family
14,089
Multi-Family
8,568
Businesses
784
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