837 E Echo LnPhoenixAZ85020
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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 837 E Echo Ln, Phoenix, AZ, 85020 uses $128,291 cash to close to unlock $5,071/yr annual cash flow and $423/mo monthly cash flow. Total monthly income runs $2,710/mo, and a $1,894/mo payment keeps the spread at $423/mo. Purchase price stands at $387,000, and rental yield measures 8.4% with $2,710/mo rent. Return on cash invested shows 23.86% in year one, and 5% annual appreciation builds toward $106,921 over five years. Five-year ROI reaches 123.69% and total cumulative return in cash records $158,678. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,710/mo property income covering a $1,894/mo payment rather than investor’s personal income.
Single Family
Built in 1955
5,962 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85020, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,813 (100%) |
| Owner Occupied HU | 9,883 (55.5%) |
| Renter Occupied HU | 6,502 (36.5%) |
| Vacant Housing Units | 1,428 ( 8.0%) |
| Median Home Value | $543,651 |
| Average Home Value | $606,079 |
Housing Distribution
Address Breakdown
Residential
17,288
Single Family
10,808
Multi-Family
6,480
Businesses
1,169
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