3048 W Chanute PassPhoenixAZ85041
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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 3048 W Chanute Pass, Phoenix, AZ, 85041 generates $1,819/mo in rent, after a $1,738/mo payment. Total monthly income is $1,819/mo. Return on cash invested sits at 16.22% in year one, and rental yield is 6.15% on a $355,000 entry. Equity gained on principal adds $2,291/yr, while 5% annual appreciation builds toward $98,080 over five years. Five-year ROI reaches 83.03% and total cumulative return in cash sums $97,716. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,819/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
5,438 sqft lot
$N/A/sqft
$82 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85041, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,096 (100%) |
| Owner Occupied HU | 14,738 (69.9%) |
| Renter Occupied HU | 5,699 (27.0%) |
| Vacant Housing Units | 659 ( 3.1%) |
| Median Home Value | $393,856 |
| Average Home Value | $511,661 |
Housing Distribution
Address Breakdown
Residential
20,027
Single Family
12,767
Multi-Family
7,260
Businesses
445
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Listed by: Michael Reid • Ultimate Properties, Inc.
Mls Name: ARMLS
Mls Provider:
Mls ID: #6854795
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