15814 N 62nd CirGlendaleAZ85306
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
Investment Highlights
Investment property for sale in Glendale at 15814 N 62nd Cir, Glendale, AZ, 85306 uses $140,888 cash to close to unlock $4,823/yr annual cash flow and $402/mo monthly cash flow. Total monthly income runs $2,914/mo, and a $2,080/mo payment keeps the spread at $402/mo. Purchase price stands at $425,000, and rental yield measures 8.23% with $2,914/mo rent. Return on cash invested shows 23.33% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 120.83% and total cumulative return in cash records $170,237. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,914/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Single Family
Built in 1979
9,093 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85306, Glendale, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,341 (100%) |
| Owner Occupied HU | 6,360 (61.5%) |
| Renter Occupied HU | 3,528 (34.1%) |
| Vacant Housing Units | 453 ( 4.4%) |
| Median Home Value | $425,160 |
| Average Home Value | $511,431 |
Housing Distribution
Address Breakdown
Residential
9,819
Single Family
7,248
Multi-Family
2,571
Businesses
450
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Listed by: Aaron Scott Lawson • Prestige Realty
Mls Name: ARMLS
Mls Provider:
Mls ID: #6841615
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