143 W Michelle DrPhoenixAZ85023
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Phoenix at 143 W Michelle Dr, Phoenix, AZ, 85023 priced at $510,000 converts $3,124/mo rent into $110/mo cash flow after a $2,496/mo obligation. Total monthly income equals $3,124/mo, and annual cash flow totals $1,314/yr on $167,790 invested. Return on cash invested prints 20.84% in year one, and rental yield reads 7.35% against a $510,000 entry. Equity gained on principal adds $3,291/yr, while 5% annual appreciation compiles into $140,904 by year five. Five-year ROI reaches 107.46% and total cumulative return in cash sums $180,315. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,124/mo property income covering a $2,496/mo payment, not borrower’s personal income.
Single Family
Built in 1987
7,187 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85023, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,096 (100%) |
| Owner Occupied HU | 8,409 (52.2%) |
| Renter Occupied HU | 6,697 (41.6%) |
| Vacant Housing Units | 990 ( 6.2%) |
| Median Home Value | $422,242 |
| Average Home Value | $516,282 |
Housing Distribution
Address Breakdown
Residential
14,656
Single Family
8,414
Multi-Family
6,242
Businesses
446
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Listed by: Svitlana Sinikova • Realty ONE Group
Mls Name: ARMLS
Mls Provider:
Mls ID: #6808133
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