23802 N 40th AveGlendaleAZ85310
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 23802 N 40th Ave, Glendale, AZ, 85310 in Glendale at $490,000 earns $3,062/mo in rent and nets $146/mo after the $2,203/mo payment, a 7.5% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $135,378 over five years. Ziffy Mortgage underwrites this on a 1.39 DSCR without U.S. credit history. With $4,513/yr in principal paydown, total projected return reaches $194,683.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.5% | 6.5% |
| Monthly Cash Flow | $146 | $1,250 |
City averages based on Glendale market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,062 |
| Total Monthly Debt Service | $2,722 |
| DSCR Ratio | 1.13x |
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.
Single Family
Built in 1987
7,211 sqft lot
$N/A/sqft
$120 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85310, Glendale, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,153 (100%) |
| Owner Occupied HU | 6,259 (87.5%) |
| Renter Occupied HU | 767 (10.7%) |
| Vacant Housing Units | 127 ( 1.8%) |
| Median Home Value | $549,853 |
| Average Home Value | $622,899 |
Housing Distribution
Address Breakdown
Residential
7,325
Single Family
7,001
Multi-Family
324
Businesses
159
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
Single Family
Built in 1987
7,211 sqft lot
$N/A/sqft
$120 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85310, Glendale, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,153 (100%) |
| Owner Occupied HU | 6,259 (87.5%) |
| Renter Occupied HU | 767 (10.7%) |
| Vacant Housing Units | 127 ( 1.8%) |
| Median Home Value | $549,853 |
| Average Home Value | $622,899 |
Housing Distribution
Address Breakdown
Residential
7,325
Single Family
7,001
Multi-Family
324
Businesses
159
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
