1840 E Morten Ave UNIT 140PhoenixAZ85020
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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 1840 E Morten Ave UNIT 140, Phoenix, AZ, 85020 generates $1,666/mo in rent and, after a $1,297/mo payment, leaves $100/mo in cash flow. Total monthly income is $1,666/mo, and annual cash flow is $1,195/yr on $87,847 invested. Return on cash invested sits at 21.27% in year one, and rental yield is 7.54% on a $264,999 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation builds toward $73,214 over five years. Five-year ROI reaches 109.79% and total cumulative return in cash sums $96,447. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,666/mo property income rather than buyer’s personal income.
Condo
Built in 1985
1,087 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85020, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,813 (100%) |
| Owner Occupied HU | 9,883 (55.5%) |
| Renter Occupied HU | 6,502 (36.5%) |
| Vacant Housing Units | 1,428 ( 8.0%) |
| Median Home Value | $543,651 |
| Average Home Value | $606,079 |
Housing Distribution
Address Breakdown
Residential
17,288
Single Family
10,808
Multi-Family
6,480
Businesses
1,169
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