10005 E Michigan AveSun LakesAZ85248
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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
Rental property for sale in Sun Lakes at 10005 E Michigan Ave, Sun Lakes, AZ, 85248 generates $3,060/mo in rent, after a $2,858/mo payment. Total monthly income is $3,060/mo. Return on cash invested sits at 16.74% in year one, and rental yield is 6.29% on a $584,000 entry. Equity gained on principal adds $3,768/yr, while 5% annual appreciation builds toward $161,348 over five years. Five-year ROI reaches 85.8% and total cumulative return in cash sums $164,860. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,060/mo property income rather than buyer’s personal income.
Single Family
Built in 1987
7,336 sqft lot
$N/A/sqft
$1,670 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85248, Chandler, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,653 (100%) |
| Owner Occupied HU | 14,199 (72.2%) |
| Renter Occupied HU | 3,336 (17.0%) |
| Vacant Housing Units | 2,118 (10.8%) |
| Median Home Value | $532,336 |
| Average Home Value | $593,668 |
Housing Distribution
Address Breakdown
Residential
20,209
Single Family
13,742
Multi-Family
6,467
Businesses
968
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Listed by: Carey Kolb • Keller Williams Integrity First
Mls Name: ARMLS
Mls Provider:
Mls ID: #6781481
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