5303 N 7th St UNIT 118PhoenixAZ85014
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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
Rental property for sale in Phoenix at 5303 N 7th St UNIT 118, Phoenix, AZ, 85014 generates $1,444/mo in rent, after a $1,189/mo payment. Total monthly income is $1,444/mo. Return on cash invested sits at 15.9% in year one, and rental yield is 7.13% on a $243,000 entry. Equity gained on principal adds $1,568/yr, while 5% annual appreciation builds toward $67,136 over five years. Five-year ROI reaches 82.48% and total cumulative return in cash sums $66,440. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,444/mo property income rather than buyer’s personal income.
Apartment
Built in 1997
981 sqft lot
$N/A/sqft
$277 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85014, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,930 (100%) |
| Owner Occupied HU | 5,561 (34.9%) |
| Renter Occupied HU | 8,676 (54.5%) |
| Vacant Housing Units | 1,693 (10.6%) |
| Median Home Value | $548,222 |
| Average Home Value | $621,028 |
Housing Distribution
Address Breakdown
Residential
14,372
Single Family
6,636
Multi-Family
7,736
Businesses
1,116
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Listed by: Kirsten Myers • RE/MAX Fine Properties
Mls Name: ARMLS
Mls Provider:
Mls ID: #6847685
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