8323 W Devonshire AvePhoenixAZ85037
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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 8323 W Devonshire Ave, Phoenix, AZ, 85037 earns $399/mo cash flow from $2,394/mo rent with a $1,652/mo payment. Total monthly income totals $2,394/mo, and annual cash flow totals $4,786/yr on $111,881 capital. ROI tracks 24.19% on current figures, and rental yield reads 8.51% at a $337,500 purchase. Equity gained on principal adds $2,178/yr, and 5% annual appreciation supports $93,245 over five years. Five-year ROI reaches 125.42% and total cumulative return in cash sums $140,317. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,394/mo property income instead of your personal income.
Single Family
Built in 1971
6,839 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85037, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,712 (100%) |
| Owner Occupied HU | 9,817 (52.5%) |
| Renter Occupied HU | 7,433 (39.7%) |
| Vacant Housing Units | 1,462 ( 7.8%) |
| Median Home Value | $364,174 |
| Average Home Value | $426,853 |
Housing Distribution
Address Breakdown
Residential
16,648
Single Family
11,468
Multi-Family
5,180
Businesses
393
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Listed by: Brockton K. Rideout • Dana Hubbell Group
Mls Name: ARMLS
Mls Provider:
Mls ID: #6800641
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