3230 E Sheridan StPhoenixAZ85008
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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 3230 E Sheridan St, Phoenix, AZ, 85008 offers a 8.7% rental yield on a $370,900 purchase with $2,689/mo rent. Total monthly income registers $2,689/mo, and a $1,815/mo payment leaves $497/mo available for distribution. Annual cash flow reaches $5,963/yr on $122,953 to close, and return on cash invested stands at 24.76% in year one. Equity gained on principal adds $2,393/yr while 5% annual appreciation supports $102,473 over five years. Portfolio math shows five-year ROI at 128.48% and total cumulative return in cash at $157,968. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,689/mo property income against a $1,815/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1946
8,359 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85008, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,576 (100%) |
| Owner Occupied HU | 7,679 (31.2%) |
| Renter Occupied HU | 15,306 (62.3%) |
| Vacant Housing Units | 1,591 ( 6.5%) |
| Median Home Value | $414,264 |
| Average Home Value | $456,940 |
Housing Distribution
Address Breakdown
Residential
23,381
Single Family
9,478
Multi-Family
13,903
Businesses
1,322
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