5207 N 24th St APT 108PhoenixAZ85016
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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 5207 N 24th St APT 108, Phoenix, AZ, 85016 uses $112,710 cash to close to unlock $4,819/yr annual cash flow and $402/mo monthly cash flow. Total monthly income runs $2,958/mo, and a $1,664/mo payment keeps the spread at $402/mo. Purchase price stands at $340,000, and rental yield measures 10.44% with $2,958/mo rent. Return on cash invested shows 24.18% in year one, and 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 127.53% and total cumulative return in cash records $143,742. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,958/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Condo
Built in 1979
1,016 sqft lot
$N/A/sqft
$536 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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