1916 W Morningside Dr UNIT 69PhoenixAZ85023
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid, durable, and financeable, 1916 W Morningside Dr UNIT 69, Phoenix, AZ, 85023 in Phoenix earns a 10.33% gross yield at $248,500. Rent of $2,140/mo nets $385/mo after the $1,117/mo mortgage. The 1.92 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $68,656 and $2,289/yr in equity accumulation project a total cumulative return of $120,013.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 6.2% |
| Monthly Cash Flow | $385 | $450 |
City averages based on Phoenix market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,140 |
| Total Monthly Debt Service | $1,655 |
| DSCR Ratio | 1.29x |
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.
Townhouse
Built in 1978
1,126 sqft lot
$N/A/sqft
$3,425 annually 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
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
Townhouse
Built in 1978
1,126 sqft lot
$N/A/sqft
$3,425 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
