5345 E Van Buren St UNIT 308PhoenixAZ85008
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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 308, Phoenix, AZ, 85008 generates $1,764/mo in rent, after a $1,424/mo payment. Total monthly income is $1,764/mo. Return on cash invested sits at 15.37% in year one, and rental yield is 7.27% on a $290,990 entry. Equity gained on principal adds $1,878/yr, while 5% annual appreciation builds toward $80,395 over five years. Five-year ROI reaches 80.03% and total cumulative return in cash sums $77,199. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,764/mo property income rather than buyer’s personal income.
Apartment
Built in 1999
1,034 sqft lot
$N/A/sqft
$409 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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Listed by: Cynthia Sweet • List + Market Realty
Mls Name: ARMLS
Mls Provider:
Mls ID: #6826881
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