524 E AMES PlacePhoenixAZ85004
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play524 E AMES Place, Phoenix, AZ, 85004 in Phoenix is priced for appreciation, not yield. Rental yield 3.13%. At $900,000 with a 3.13% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $248,653 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.58) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $130,597.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.1% | 6.2% |
| Monthly Cash Flow | $(3,278) | $450 |
City averages based on Phoenix market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,347 |
| Total Monthly Debt Service | $5,267 |
| DSCR Ratio | 0.45x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2013
1,997 sqft lot
$N/A/sqft
$304 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85004, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,205 (100%) |
| Owner Occupied HU | 1,131 (13.8%) |
| Renter Occupied HU | 5,518 (67.3%) |
| Vacant Housing Units | 1,556 (19.0%) |
| Median Home Value | $593,600 |
| Average Home Value | $660,424 |
Housing Distribution
Address Breakdown
Residential
7,928
Single Family
740
Multi-Family
7,188
Businesses
1,192
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Townhouse
Built in 2013
1,997 sqft lot
$N/A/sqft
$304 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85004, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,205 (100%) |
| Owner Occupied HU | 1,131 (13.8%) |
| Renter Occupied HU | 5,518 (67.3%) |
| Vacant Housing Units | 1,556 (19.0%) |
| Median Home Value | $593,600 |
| Average Home Value | $660,424 |
Housing Distribution
Address Breakdown
Residential
7,928
Single Family
740
Multi-Family
7,188
Businesses
1,192
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
