609 E Royal Palm Sq SPhoenixAZ85020
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
Investment Highlights
Rental property for sale in Phoenix at 609 E Royal Palm Sq S, Phoenix, AZ, 85020 priced at $430,000 pairs $2,431/mo rent with after a $2,105/mo payment. Total monthly income equals $2,431/mo. Return on cash invested is 16.7% in year one, and rental yield stands at 6.78% on a $430,000 basis. Equity gained on principal adds $2,775/yr, and 5% annual appreciation accumulates to $118,801 by year five. Five-year ROI measures 86.09% and total cumulative return in cash reaches $122,715. For financing, Ziffy Mortgage’s DSCR program evaluates $2,431/mo property income against a $2,105/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1972
4,029 sqft lot
$N/A/sqft
$270 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85020, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,813 (100%) |
| Owner Occupied HU | 9,883 (55.5%) |
| Renter Occupied HU | 6,502 (36.5%) |
| Vacant Housing Units | 1,428 ( 8.0%) |
| Median Home Value | $543,651 |
| Average Home Value | $606,079 |
Housing Distribution
Address Breakdown
Residential
17,288
Single Family
10,808
Multi-Family
6,480
Businesses
1,169
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
