8524 W Lewis 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 8524 W Lewis Ave, Phoenix, AZ, 85037 uses $125,274 cash to close to unlock $1,918/yr annual cash flow and $160/mo monthly cash flow. Total monthly income runs $2,394/mo, and a $1,850/mo payment keeps the spread at $160/mo. Purchase price stands at $377,900, and rental yield measures 7.6% with $2,394/mo rent. Return on cash invested shows 21.44% in year one, and 5% annual appreciation builds toward $104,407 over five years. Five-year ROI reaches 110.69% and total cumulative return in cash records $138,661. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,394/mo property income covering a $1,850/mo payment rather than investor’s personal income.
Single Family
Built in 1995
7,144 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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