920 E Devonshire Ave UNIT 2031PhoenixAZ85014
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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 2031, Phoenix, AZ, 85014 earns from $1,826/mo rent with a $1,500/mo payment. Total monthly income totals $1,826/mo. ROI tracks 17.62% on current figures, and rental yield reads 7.15% at a $306,500 purchase. Equity gained on principal adds $1,978/yr, and 5% annual appreciation supports $84,680 over five years. Five-year ROI reaches 91.13% and total cumulative return in cash sums $92,593. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,826/mo property income instead of your personal income.
Condo
Built in 2006
105 sqft lot
$N/A/sqft
$208 monthly 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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