2140 E Michigan Ave #5PhoenixAZ85022
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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 2140 E Michigan Ave #5, Phoenix, AZ, 85022 uses $45,913 cash to close to unlock $3,086/yr annual cash flow and $257/mo monthly cash flow. Total monthly income runs $1,076/mo, and a $678/mo payment keeps the spread at $257/mo. Purchase price stands at $138,500, and rental yield measures 9.32% with $1,076/mo rent. Return on cash invested shows 26.63% in year one, and 5% annual appreciation builds toward $38,265 over five years. Five-year ROI reaches 138.64% and total cumulative return in cash records $63,655. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,076/mo property income covering a $678/mo payment rather than investor’s personal income.
Manufactured
Built in 1998
1,456 sqft 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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Listed by: Amy Parker • Parker Realty LLC
Mls Name: ARMLS
Mls Provider:
Mls ID: #6849892
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