11640 N 51st Ave APT 215GlendaleAZ85304
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeReliable, bankable, and well-priced, 11640 N 51st Ave APT 215, Glendale, AZ, 85304 in Glendale delivers $1,349/mo in gross rent and $326/mo in net monthly income at a $173,000 entry. The 9.36% yield and 1.73 DSCR make it a clean candidate for Ziffy Mortgage's DSCR loan; no W-2s or U.S. credit history required. With 5% annual appreciation projecting $47,797 over five years and $1,593/yr in equity from loan paydown, total projected return is $56,677.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.5% |
| Monthly Cash Flow | $326 | $1,250 |
City averages based on Glendale market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,349 |
| Total Monthly Debt Service | $1,450 |
| DSCR Ratio | 0.93x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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
$496 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
$496 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Daniel Voss • HomeSmart
Mls Name: ARMLS
Mls Provider:
Mls ID: #6888387
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