818 W Summerside RdPhoenixAZ85041
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 818 W Summerside Rd, Phoenix, AZ, 85041 priced at $115,000 converts $886/mo rent into $206/mo cash flow after a $563/mo obligation. Total monthly income equals $886/mo, and annual cash flow totals $2,473/yr on $38,123 invested. Return on cash invested prints 26.4% in year one, and rental yield reads 9.25% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 137.39% and total cumulative return in cash sums $52,377. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $886/mo property income covering a $563/mo payment, not borrower’s personal income.
Manufactured
Built in 2016
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85041, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,096 (100%) |
| Owner Occupied HU | 14,738 (69.9%) |
| Renter Occupied HU | 5,699 (27.0%) |
| Vacant Housing Units | 659 ( 3.1%) |
| Median Home Value | $393,856 |
| Average Home Value | $511,661 |
Housing Distribution
Address Breakdown
Residential
20,027
Single Family
12,767
Multi-Family
7,260
Businesses
445
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Nearby investment properties with comparable prices
Listed by: Brandon Howe • Howe Realty
Mls Name: ARMLS
Mls Provider:
Mls ID: #6886928
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