23817 N 38TH AvenueGlendaleAZ85310
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 23817 N 38TH Avenue, Glendale, AZ, 85310 in Glendale. At $375,000 it earns $2,754/mo in rent and distributes $517/mo to the owner after the $1,686/mo payment, a consistent 8.81% yield. DSCR 1.63 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $103,606 in value; $3,454/yr in principal paydown compounds ownership stake. Total projected return: $176,324.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 6.5% |
| Monthly Cash Flow | $517 | $1,250 |
City averages based on Glendale market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,754 |
| Total Monthly Debt Service | $2,067 |
| DSCR Ratio | 1.33x |
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
4,438 sqft lot
$N/A/sqft
No 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
4,438 sqft lot
$N/A/sqft
No 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