920 E Devonshire Ave UNIT 2020PhoenixAZ85014
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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 920 E Devonshire Ave UNIT 2020, Phoenix, AZ, 85014 listed at $302,950 pairs $1,865/mo rent with a $1,483/mo payment to leave $74/mo cash flow. Total monthly income runs $1,865/mo, and annual cash flow reaches $888/yr on $100,428 cash to close. Return on cash invested measures 20.79% in year one, and rental yield registers 7.39% at a $302,950 basis. Equity gained on principal adds $1,955/yr, and annual property appreciation at 5% supports $83,700 by year five. Five-year ROI tracks 107.27% and total cumulative return in cash totals $107,726. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,865/mo property income relative to a $1,483/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2006
117 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85014, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,930 (100%) |
| Owner Occupied HU | 5,561 (34.9%) |
| Renter Occupied HU | 8,676 (54.5%) |
| Vacant Housing Units | 1,693 (10.6%) |
| Median Home Value | $548,222 |
| Average Home Value | $621,028 |
Housing Distribution
Address Breakdown
Residential
14,372
Single Family
6,636
Multi-Family
7,736
Businesses
1,116
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