23838 N 38th DrGlendaleAZ85310
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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 Glendale at 23838 N 38th Dr, Glendale, AZ, 85310 offers a 8.26% rental yield on a $399,999 purchase with $2,754/mo rent. Total monthly income registers $2,754/mo, and a $1,958/mo payment leaves $389/mo available for distribution. Annual cash flow reaches $4,672/yr on $132,600 to close, and return on cash invested stands at 23.43% in year one. Equity gained on principal adds $2,581/yr while 5% annual appreciation supports $110,512 over five years. Portfolio math shows five-year ROI at 121.38% and total cumulative return in cash at $160,947. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,754/mo property income against a $1,958/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1989
4,597 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
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