830 E Michelle DrPhoenixAZ85022
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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 830 E Michelle Dr, Phoenix, AZ, 85022 priced at $356,000 converts $2,398/mo rent into $294/mo cash flow after a $1,742/mo obligation. Total monthly income equals $2,398/mo, and annual cash flow totals $3,529/yr on $118,014 invested. Return on cash invested prints 22.9% in year one, and rental yield reads 8.08% against a $356,000 entry. Equity gained on principal adds $2,297/yr, while 5% annual appreciation compiles into $98,356 by year five. Five-year ROI reaches 118.55% and total cumulative return in cash sums $139,910. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,398/mo property income covering a $1,742/mo payment, not borrower’s personal income.
Single Family
Built in 1981
3,891 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85022, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,755 (100%) |
| Owner Occupied HU | 13,479 (54.4%) |
| Renter Occupied HU | 9,856 (39.8%) |
| Vacant Housing Units | 1,420 ( 5.7%) |
| Median Home Value | $451,289 |
| Average Home Value | $498,344 |
Housing Distribution
Address Breakdown
Residential
22,657
Single Family
14,089
Multi-Family
8,568
Businesses
784
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