48624 N 3rd AvePhoenixAZ85087
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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 48624 N 3rd Ave, Phoenix, AZ, 85087 earns from $2,354/mo rent with a $2,203/mo payment. Total monthly income totals $2,354/mo. ROI tracks 17.44% on current figures, and rental yield reads 6.28% at a $449,999 purchase. Equity gained on principal adds $2,904/yr, and 5% annual appreciation supports $124,326 over five years. Five-year ROI reaches 89.26% and total cumulative return in cash sums $133,157. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,354/mo property income instead of your personal income.
Single Family
Built in 1974
1.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85087, New River, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,255 (100%) |
| Owner Occupied HU | 3,498 (82.2%) |
| Renter Occupied HU | 299 ( 7.0%) |
| Vacant Housing Units | 458 (10.8%) |
| Median Home Value | $594,491 |
| Average Home Value | $660,770 |
Housing Distribution
Address Breakdown
Residential
3,817
Single Family
2,454
Multi-Family
1,363
Businesses
286
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