920 E Devonshire Ave UNIT 4021PhoenixAZ85014
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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
Total monthly income runs $1,549/mo, and a $1,355/mo payment. Purchase price stands at $276,900, and rental yield measures 6.71% with $1,549/mo rent. Return on cash invested shows 14.82% in year one, and 5% annual appreciation builds toward $76,502 over five years. Five-year ROI reaches 76.62% and total cumulative return in cash records $70,327. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,549/mo property income covering a $1,355/mo payment rather than investor’s personal income.
Apartment
Built in 2005
1,019 sqft lot
$N/A/sqft
$302 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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Listed by: Mari Woods • HomeSmart
Mls Name: ARMLS
Mls Provider:
Mls ID: #6852237
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