3247 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
Rental property for sale in Phoenix at 3247 E Sheridan St, Phoenix, AZ, 85008 generates $3,044/mo in rent and, after a $1,640/mo payment, leaves $1,063/mo in cash flow. Total monthly income is $3,044/mo, and annual cash flow is $12,761/yr on $111,053 invested. Return on cash invested sits at 31.4% in year one, and rental yield is 10.9% on a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 164.12% and total cumulative return in cash sums $182,264. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,044/mo property income rather than buyer’s personal income.
Single Family
Built in 1952
8,647 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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