2941 W Michigan AvePhoenixAZ85053
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderSolid fundamentals define the investment case at 2941 W Michigan Ave, Phoenix, AZ, 85053 in Phoenix: $2,645/mo in rent, $280/mo in net income, 7.93% gross yield, 1.47 DSCR, all at $399,999. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $110,512 in appreciation and $3,684/yr in principal paydown projects total cumulative return of $169,257.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.9% | 6.2% |
| Monthly Cash Flow | $280 | $450 |
City averages based on Phoenix market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,645 |
| Total Monthly Debt Service | $2,205 |
| DSCR Ratio | 1.20x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1977
8,247 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85053, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,803 (100%) |
| Owner Occupied HU | 7,267 (61.6%) |
| Renter Occupied HU | 4,140 (35.1%) |
| Vacant Housing Units | 396 ( 3.4%) |
| Median Home Value | $393,135 |
| Average Home Value | $427,438 |
Housing Distribution
Address Breakdown
Residential
11,607
Single Family
8,085
Multi-Family
3,522
Businesses
501
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1977
8,247 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85053, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,803 (100%) |
| Owner Occupied HU | 7,267 (61.6%) |
| Renter Occupied HU | 4,140 (35.1%) |
| Vacant Housing Units | 396 ( 3.4%) |
| Median Home Value | $393,135 |
| Average Home Value | $427,438 |
Housing Distribution
Address Breakdown
Residential
11,607
Single Family
8,085
Multi-Family
3,522
Businesses
501
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gina McClain • AIG Realty LLC
Mls Name: ARMLS
Mls Provider:
Mls ID: #6869380
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