3830 E Lakewood Pkwy E APT 1114PhoenixAZ85048
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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 3830 E Lakewood Pkwy E APT 1114, Phoenix, AZ, 85048 generates $2,032/mo in rent, after a $1,561/mo payment. Total monthly income is $2,032/mo. Return on cash invested sits at 17.85% in year one, and rental yield is 7.65% on a $318,900 entry. Equity gained on principal adds $2,058/yr, while 5% annual appreciation builds toward $88,106 over five years. Five-year ROI reaches 92.8% and total cumulative return in cash sums $98,106. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,032/mo property income rather than buyer’s personal income.
Apartment
Built in 1995
1,060 sqft lot
$N/A/sqft
$328 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85048, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,216 (100%) |
| Owner Occupied HU | 10,192 (71.7%) |
| Renter Occupied HU | 3,357 (23.6%) |
| Vacant Housing Units | 667 ( 4.7%) |
| Median Home Value | $589,626 |
| Average Home Value | $656,793 |
Housing Distribution
Address Breakdown
Residential
13,945
Single Family
10,306
Multi-Family
3,639
Businesses
468
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Listed by: Diane Olson • HomeSmart
Mls Name: ARMLS
Mls Provider:
Mls ID: #6801323
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