706 E Washington St APT 101PhoenixAZ85034
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 706 E Washington St APT 101, Phoenix, AZ, 85034 generates $1,799/mo in rent, after a $2,643/mo payment. Total monthly income is $1,799/mo. Return on cash invested sits at 10.65% in year one, and rental yield is 4% on a $540,000 entry. Equity gained on principal adds $3,485/yr, while 5% annual appreciation builds toward $149,192 over five years. Five-year ROI reaches 52.79% and total cumulative return in cash sums $93,782. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,799/mo property income rather than buyer’s personal income.
Townhouse
Built in 2003
754 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85034, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,148 (100%) |
| Owner Occupied HU | 634 (12.3%) |
| Renter Occupied HU | 3,808 (74.0%) |
| Vacant Housing Units | 706 (13.7%) |
| Median Home Value | $326,378 |
| Average Home Value | $370,646 |
Housing Distribution
Address Breakdown
Residential
2,947
Single Family
862
Multi-Family
2,085
Businesses
1,638
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices