6842 W Devonshire AvePhoenixAZ85033
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis is a cash-flow-light asset: 6842 W Devonshire Ave, Phoenix, AZ, 85033 in Phoenix, $188,000, 9.11% gross yield, $31/mo net income. Consider it a market-entry position, the $1,427/mo rent covers the $845/mo payment with a margin, and 5%/yr appreciation is projected to add $51,941 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.69) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $74,310.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 6.2% |
| Monthly Cash Flow | $31 | $450 |
City averages based on Phoenix market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,427 |
| Total Monthly Debt Service | $1,321 |
| DSCR Ratio | 1.08x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1973
815 sqft lot
$N/A/sqft
$285 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85033, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,115 (100%) |
| Owner Occupied HU | 8,646 (57.2%) |
| Renter Occupied HU | 5,988 (39.6%) |
| Vacant Housing Units | 481 ( 3.2%) |
| Median Home Value | $300,154 |
| Average Home Value | $344,944 |
Housing Distribution
Address Breakdown
Residential
15,934
Single Family
12,478
Multi-Family
3,456
Businesses
532
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
Townhouse
Built in 1973
815 sqft lot
$N/A/sqft
$285 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85033, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,115 (100%) |
| Owner Occupied HU | 8,646 (57.2%) |
| Renter Occupied HU | 5,988 (39.6%) |
| Vacant Housing Units | 481 ( 3.2%) |
| Median Home Value | $300,154 |
| Average Home Value | $344,944 |
Housing Distribution
Address Breakdown
Residential
15,934
Single Family
12,478
Multi-Family
3,456
Businesses
532
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Elytt Tello • At Home Real Estate Arizona
Mls Name: ARMLS
Mls Provider:
Mls ID: #6748889
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