1916 W Morningside Dr UNIT 69PhoenixAZ85023
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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
Investment property for sale in Phoenix at 1916 W Morningside Dr UNIT 69, Phoenix, AZ, 85023 earns $386/mo cash flow from $2,140/mo rent with a $1,216/mo payment. Total monthly income totals $2,140/mo, and annual cash flow totals $4,631/yr on $82,378 capital. ROI tracks 25.53% on current figures, and rental yield reads 10.33% at a $248,500 purchase. Equity gained on principal adds $1,604/yr, and 5% annual appreciation supports $68,656 over five years. Five-year ROI reaches 134.13% and total cumulative return in cash sums $110,491. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,140/mo property income instead of your personal income.
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
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