11640 N 51st Ave APT 150GlendaleAZ85304
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowTight but positive: 11640 N 51st Ave APT 150, Glendale, AZ, 85304 in Glendale at $194,750 earns $1,799/mo in rent and nets $193/mo after the $876/mo payment, a 11.08% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $53,806 over five years. Ziffy Mortgage underwrites this on a 2.05 DSCR without U.S. credit history. With $1,794/yr in principal paydown, total projected return reaches $87,975.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.1% | 6.5% |
| Monthly Cash Flow | $193 | $1,250 |
City averages based on Glendale market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,799 |
| Total Monthly Debt Service | $1,529 |
| DSCR Ratio | 1.18x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Apartment
Built in 1984
866 sqft lot
$N/A/sqft
$455 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Apartment
Built in 1984
866 sqft lot
$N/A/sqft
$455 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: John Fagundes • AZREAPM
Mls Name: ARMLS
Mls Provider:
Mls ID: #6779775
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