2045 E Michigan AvePhoenixAZ85022
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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 2045 E Michigan Ave, Phoenix, AZ, 85022 earns from $3,080/mo rent with a $9,740/mo payment. Total monthly income totals $3,080/mo. ROI tracks 4.21% on current figures, and rental yield reads 1.86% at a $1,990,000 purchase. Equity gained on principal adds $12,841/yr, and 5% annual appreciation supports $549,800 over five years. Five-year ROI reaches 18.18% and total cumulative return in cash sums $117,191. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,080/mo property income instead of your personal income.
Multi Family
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85022, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,755 (100%) |
| Owner Occupied HU | 13,479 (54.4%) |
| Renter Occupied HU | 9,856 (39.8%) |
| Vacant Housing Units | 1,420 ( 5.7%) |
| Median Home Value | $451,289 |
| Average Home Value | $498,344 |
Housing Distribution
Address Breakdown
Residential
22,657
Single Family
14,089
Multi-Family
8,568
Businesses
784
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