5302 E Van Buren St UNIT 2060PhoenixAZ85008
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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 5302 E Van Buren St UNIT 2060, Phoenix, AZ, 85008 uses $84,533 cash to close to unlock $3,081/yr annual cash flow and $257/mo monthly cash flow. Total monthly income runs $1,764/mo, and a $1,248/mo payment keeps the spread at $257/mo. Purchase price stands at $255,000, and rental yield measures 8.3% with $1,764/mo rent. Return on cash invested shows 23.55% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 122.04% and total cumulative return in cash records $103,160. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,764/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Apartment
Built in 2002
816 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85008, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,576 (100%) |
| Owner Occupied HU | 7,679 (31.2%) |
| Renter Occupied HU | 15,306 (62.3%) |
| Vacant Housing Units | 1,591 ( 6.5%) |
| Median Home Value | $414,264 |
| Average Home Value | $456,940 |
Housing Distribution
Address Breakdown
Residential
23,381
Single Family
9,478
Multi-Family
13,903
Businesses
1,322
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