7360 N 38th AvePhoenixAZ85051
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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 7360 N 38th Ave, Phoenix, AZ, 85051 offers a 8.26% rental yield on a $348,500 purchase with $2,399/mo rent. Total monthly income registers $2,399/mo, and a $1,706/mo payment leaves $339/mo available for distribution. Annual cash flow reaches $4,064/yr on $115,528 to close, and return on cash invested stands at 23.43% in year one. Equity gained on principal adds $2,249/yr while 5% annual appreciation supports $96,284 over five years. Portfolio math shows five-year ROI at 121.35% and total cumulative return in cash at $140,195. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,399/mo property income against a $1,706/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85051, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,262 (100%) |
| Owner Occupied HU | 9,005 (55.4%) |
| Renter Occupied HU | 6,612 (40.7%) |
| Vacant Housing Units | 645 ( 4.0%) |
| Median Home Value | $344,534 |
| Average Home Value | $358,919 |
Housing Distribution
Address Breakdown
Residential
16,055
Single Family
10,536
Multi-Family
5,519
Businesses
737
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