3030 E Shangri La RdPhoenixAZ85028
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
Investment Highlights
Rental property for sale in Phoenix at 3030 E Shangri La Rd, Phoenix, AZ, 85028 priced at $470,000 converts $3,212/mo rent into $434/mo cash flow after a $2,300/mo obligation. Total monthly income equals $3,212/mo, and annual cash flow totals $5,210/yr on $155,805 invested. Return on cash invested prints 23.25% in year one, and rental yield reads 8.2% against a $470,000 entry. Equity gained on principal adds $3,033/yr, while 5% annual appreciation compiles into $129,852 by year five. Five-year ROI reaches 120.43% and total cumulative return in cash sums $187,629. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,212/mo property income covering a $2,300/mo payment, not borrower’s personal income.
Single Family
Built in 1960
9,139 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85028, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,045 (100%) |
| Owner Occupied HU | 7,080 (70.5%) |
| Renter Occupied HU | 2,073 (20.6%) |
| Vacant Housing Units | 892 ( 8.9%) |
| Median Home Value | $602,703 |
| Average Home Value | $682,207 |
Housing Distribution
Address Breakdown
Residential
8,774
Single Family
7,468
Multi-Family
1,306
Businesses
590
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