2306 E Parkside LnPhoenixAZ85024
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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
Rental property for sale in Phoenix at 2306 E Parkside Ln, Phoenix, AZ, 85024 priced at $547,500 converts $3,469/mo rent into $183/mo cash flow after a $2,680/mo obligation. Total monthly income equals $3,469/mo, and annual cash flow totals $2,200/yr on $180,128 invested. Return on cash invested prints 21.28% in year one, and rental yield reads 7.6% against a $547,500 entry. Equity gained on principal adds $3,533/yr, while 5% annual appreciation compiles into $151,264 by year five. Five-year ROI reaches 109.93% and total cumulative return in cash sums $198,017. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,469/mo property income covering a $2,680/mo payment, not borrower’s personal income.
Single Family
Built in 1998
5,038 sqft lot
$N/A/sqft
$147 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85024, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,975 (100%) |
| Owner Occupied HU | 7,514 (68.5%) |
| Renter Occupied HU | 2,968 (27.0%) |
| Vacant Housing Units | 493 ( 4.5%) |
| Median Home Value | $461,710 |
| Average Home Value | $480,628 |
Housing Distribution
Address Breakdown
Residential
11,616
Single Family
6,964
Multi-Family
4,652
Businesses
466
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