5345 E Van Buren St UNIT 263PhoenixAZ85008
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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 5345 E Van Buren St UNIT 263, Phoenix, AZ, 85008 generates $1,867/mo in rent, after a $1,233/mo payment. Total monthly income is $1,867/mo. Return on cash invested sits at 19.68% in year one, and rental yield is 8.89% on a $252,000 entry. Equity gained on principal adds $1,626/yr, while 5% annual appreciation builds toward $69,623 over five years. Five-year ROI reaches 103.27% and total cumulative return in cash sums $86,270. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,867/mo property income rather than buyer’s personal income.
Apartment
Built in 1999
997 sqft lot
$N/A/sqft
$394 monthly 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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