2248 W Mandalay LnPhoenixAZ85023
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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 2248 W Mandalay Ln, Phoenix, AZ, 85023 uses $164,093 cash to close to unlock $15,321/yr annual cash flow and $1,277/mo monthly cash flow. Total monthly income runs $4,203/mo, and a $2,423/mo payment keeps the spread at $1,277/mo. Purchase price stands at $495,000, and rental yield measures 10.19% with $4,203/mo rent. Return on cash invested shows 29.25% in year one, and 5% annual appreciation builds toward $136,759 over five years. Five-year ROI reaches 152.54% and total cumulative return in cash records $250,306. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,203/mo property income covering a $2,423/mo payment rather than investor’s personal income.
Single Family
Built in 1979
8,543 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: Andrew A. Smith • Citiea
Mls Name: ARMLS
Mls Provider:
Mls ID: #6834741
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