143 W Michigan AvePhoenixAZ85023
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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 143 W Michigan Ave, Phoenix, AZ, 85023 with 5% annual appreciation on a $341,500 basis while $2,317/mo rent supports operations. Total monthly income totals $2,317/mo and a $1,671/mo payment preserves $299/mo for cash returns. Annual cash flow comes to $3,586/yr on $113,207 deployed, and return on cash invested reaches 23.08% in year one. Equity gained on principal adds $2,204/yr, and five-year appreciation sums $94,350 alongside rental yield of 8.14%. Five-year ROI measures 119.46% and total cumulative return in cash totals $135,237.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,317/mo property income versus a $1,671/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1984
6,811 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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