3938 E Morrow DrPhoenixAZ85050
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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 3938 E Morrow Dr, Phoenix, AZ, 85050 priced at $545,000 converts $2,789/mo rent into after a $2,668/mo obligation. Total monthly income equals $2,789/mo. Return on cash invested prints 16.74% in year one, and rental yield reads 6.14% against a $545,000 entry. Equity gained on principal adds $3,517/yr, while 5% annual appreciation compiles into $150,573 by year five. Five-year ROI reaches 85.63% and total cumulative return in cash sums $153,540. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,789/mo property income covering a $2,668/mo payment, not borrower’s personal income.
Single Family
Built in 1996
5,209 sqft lot
$N/A/sqft
$188 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85050, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,243 (100%) |
| Owner Occupied HU | 10,854 (76.2%) |
| Renter Occupied HU | 2,526 (17.7%) |
| Vacant Housing Units | 863 ( 6.1%) |
| Median Home Value | $617,591 |
| Average Home Value | $657,043 |
Housing Distribution
Address Breakdown
Residential
13,606
Single Family
8,078
Multi-Family
5,528
Businesses
1,090
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Listed by: Holly Hoepfner • Berkshire Hathaway HomeServices Arizona Properties
Mls Name: ARMLS
Mls Provider:
Mls ID: #6792110
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