1916 W Morningside Dr UNIT 66PhoenixAZ85023
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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 1916 W Morningside Dr UNIT 66, Phoenix, AZ, 85023 generates $1,772/mo in rent and, after a $1,192/mo payment, leaves $107/mo in cash flow. Total monthly income is $1,772/mo, and annual cash flow is $1,288/yr on $80,753 invested. Return on cash invested sits at 21.5% in year one, and rental yield is 8.73% on a $243,600 entry. Equity gained on principal adds $1,572/yr, while 5% annual appreciation builds toward $67,302 over five years. Five-year ROI reaches 112.27% and total cumulative return in cash sums $90,665. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,772/mo property income rather than buyer’s personal income.
Apartment
Built in 1978
448 sqft lot
$N/A/sqft
$225 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85023, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,096 (100%) |
| Owner Occupied HU | 8,409 (52.2%) |
| Renter Occupied HU | 6,697 (41.6%) |
| Vacant Housing Units | 990 ( 6.2%) |
| Median Home Value | $422,242 |
| Average Home Value | $516,282 |
Housing Distribution
Address Breakdown
Residential
14,656
Single Family
8,414
Multi-Family
6,242
Businesses
446
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