6348 N 7th Ave UNIT 15PhoenixAZ85013
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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 6348 N 7th Ave UNIT 15, Phoenix, AZ, 85013 uses $84,698 cash to close to unlock $3,951/yr annual cash flow and $329/mo monthly cash flow. Total monthly income runs $1,840/mo, and a $1,251/mo payment keeps the spread at $329/mo. Purchase price stands at $255,500, and rental yield measures 8.64% with $1,840/mo rent. Return on cash invested shows 24.57% in year one, and 5% annual appreciation builds toward $70,590 over five years. Five-year ROI reaches 127.52% and total cumulative return in cash records $108,009. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,840/mo property income covering a $1,251/mo payment rather than investor’s personal income.
Townhouse
Built in 1975
540 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85013, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,735 (100%) |
| Owner Occupied HU | 5,205 (35.3%) |
| Renter Occupied HU | 7,994 (54.3%) |
| Vacant Housing Units | 1,536 (10.4%) |
| Median Home Value | $565,526 |
| Average Home Value | $626,920 |
Housing Distribution
Address Breakdown
Residential
11,594
Single Family
5,564
Multi-Family
6,030
Businesses
592
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