4808 N 24th St UNIT 803PhoenixAZ85016
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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 4808 N 24th St UNIT 803, Phoenix, AZ, 85016 earns from $3,528/mo rent with a $2,834/mo payment. Total monthly income totals $3,528/mo. ROI tracks 14.29% on current figures, and rental yield reads 7.31% at a $579,000 purchase. Equity gained on principal adds $3,736/yr, and 5% annual appreciation supports $159,967 over five years. Five-year ROI reaches 74.66% and total cumulative return in cash sums $142,219. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,528/mo property income instead of your personal income.
Apartment
Built in 2006
1,344 sqft lot
$N/A/sqft
$1,010 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85016, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,297 (100%) |
| Owner Occupied HU | 9,257 (43.5%) |
| Renter Occupied HU | 9,498 (44.6%) |
| Vacant Housing Units | 2,542 (11.9%) |
| Median Home Value | $625,388 |
| Average Home Value | $702,882 |
Housing Distribution
Address Breakdown
Residential
20,383
Single Family
8,164
Multi-Family
12,219
Businesses
2,170
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Listed by: Ellen S Lindzon • R.O.I. Properties
Mls Name: ARMLS
Mls Provider:
Mls ID: #6804997
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