OFF_MARKETExcellent Deal4 days on market

2303 E ELECTRA Lane

2303 E ELECTRA Lane, Phoenix, AZ 85024, Phoenix, AZ 85024
$649,000
Zestimate®:$589,600

Listing Price

Property image 1
2303 E ELECTRA Lane, Phoenix, AZ 85024
Loc: Phoenix, AZ
Days Listed
4
Tax Assessed
$481k
Zestimate®
$590k
Market Rate
Lot Size
5,500 sqft
Rent Estimate
$3,270/mo
Est. Cash Flow base
Type
single family

More Than Just a Property

We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.

4.9
Safety Score
A+
Schools

Nearby Schools

Educational options and performance ratings in the area.

7

Mountain Trail Middle School

5-8
0.4 mi away
10

Pinnacle High School

7-12
2 mi away
10

Boulder Creek Elementary School

PK-6
0.5 mi away

Property Overview

A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.

Features & Amenities

Open Floor PlanHardwood FloorsModern KitchenStainless Steel AppliancesCentral Heat/AirLarge BackyardParkingNear Transit

Haven AI Verdict

Recommendation
Pending...
Confidence Score: 0/10
Exercise caution due to potential market volatility.
Cap Rate
7.57%
Total ROI
27.5%
Cash Flow
$810/mo
DSCR
1.25
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Data provided by Haven AI. Disclaimer

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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-05-20Sold$585,000$302
2026-04-22Pending sale$639,000$330
2026-04-10Price change$639,000$330
2026-03-12Listed for sale$649,000$336
2001-09-13Sold$197,000$102
2000-02-25Sold$167,649$87

Tax History

YearProperty TaxTax Assessment
2025$2,571.08$48,130
2024$2,506$49,080
2023$2,450.68$27,508
2022$2,477.04$33,000
2021$2,431.84$31,210
2020$2,442.7$29,670
2019$2,353.76$28,430
2018$2,353.76$26,080
2017$2,247.98$25,110
2016$2,052.48$24,780
2015$1,941.24$22,680
2014$0$18,510
2013$0$16,120
2012$0$16,970
2011$0$18,710
2010$0$22,760
2009$0$29,630
2008$0$33,600
2007$0$31,100
2006$0$19,250
2005$0$19,250
2004$0$17,100
2003$0$17,100
2002$0$14,900
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
4
Baths
3
Sq Ft
1,934
Institutional Underwriting Ledger

Investment Numbers & Operating Model

Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.

Data Sources:MLS List Price: $649,000Rent Basis: Observed Comp Model ($3,270/mo)State Tax Benchmark: 0.62% (AZ)Hazard Reserve: $189/mo
Haven ScoreRisky
0/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
3.85%

NOI: $24,963/yr

Cash-on-Cash Yield
-10.3%

On $149,270 invested

DSCR Ratio
0.62x

Negative debt coverage

5-Yr Leveraged ROI
+42.5%

Equity + cumulative cash

Financing Scenario Controls
Adjust down payment & rates to model your personalized return

Monthly Cash Flow Breakdown

Monthly Operating Deductions
Property Taxes (0.62% of basis)-$249/mo
Homeowner / Hazard Insurance-$189/mo
Vacancy Reserve (5% of rent)-$164/mo
Repairs & Maintenance (10% of rent)-$327/mo
Property Management (8% of rent)-$262/mo
Total Pure Operating Expenses-$1,190/mo
Net Investor Cash Flow
Gross Scheduled Rent+$3,270/mo
Less: Operating Expenses-$1,190/mo
Net Operating Income (NOI)+$2,080/mo
Less: Debt Service (30yr @ 6.75%)-$3,368/mo
Net Cash Flow
$-1,287/mo
$-15,448/year
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2303 E ELECTRA Lane | Phoenix, AZ | Haven AI Analysis | Haven by ScoutHavens