3228 W Glendale Ave APT 118PhoenixAZ85051
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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
Rental property for sale in Phoenix at 3228 W Glendale Ave APT 118, Phoenix, AZ, 85051 generates $1,825/mo in rent and, after a $1,302/mo payment, leaves $13/mo in cash flow. Total monthly income is $1,825/mo, and annual cash flow is $151/yr on $88,179 invested. Return on cash invested sits at 20.08% in year one, and rental yield is 8.23% on a $266,000 entry. Equity gained on principal adds $1,716/yr, while 5% annual appreciation builds toward $73,491 over five years. Five-year ROI reaches 104.59% and total cumulative return in cash sums $92,225. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,825/mo property income rather than buyer’s personal income.
Townhouse
Built in 1985
998 sqft lot
$N/A/sqft
$240 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85051, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,262 (100%) |
| Owner Occupied HU | 9,005 (55.4%) |
| Renter Occupied HU | 6,612 (40.7%) |
| Vacant Housing Units | 645 ( 4.0%) |
| Median Home Value | $344,534 |
| Average Home Value | $358,919 |
Housing Distribution
Address Breakdown
Residential
16,055
Single Family
10,536
Multi-Family
5,519
Businesses
737
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Listed by: Tara Jones • Opendoor Brokerage, LLC
Mls Name: ARMLS
Mls Provider:
Mls ID: #6794845
Disclaimer: All information should be verified by the recipient and none is guaranteed as accurate by ARMLS Listing Information presented by local MLS brokerage: Zillow, Inc., Designated REALTOR- Chris Long - (480) 907-1010