5024 W New World DrGlendaleAZ85302
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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 5024 W New World Dr, Glendale, AZ, 85302 uses $108,566 cash to close to unlock $2,616/yr annual cash flow and $218/mo monthly cash flow. Total monthly income runs $2,154/mo, and a $1,603/mo payment keeps the spread at $218/mo. Purchase price stands at $327,500, and rental yield measures 7.89% with $2,154/mo rent. Return on cash invested shows 22.32% in year one, and 5% annual appreciation builds toward $90,482 over five years. Five-year ROI reaches 115.43% and total cumulative return in cash records $125,322. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,154/mo property income covering a $1,603/mo payment rather than investor’s personal income.
Townhouse
Built in 1973
2,191 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85302, Glendale, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,320 (100%) |
| Owner Occupied HU | 9,143 (56.0%) |
| Renter Occupied HU | 6,534 (40.0%) |
| Vacant Housing Units | 643 ( 3.9%) |
| Median Home Value | $388,874 |
| Average Home Value | $428,644 |
Housing Distribution
Address Breakdown
Residential
16,153
Single Family
10,341
Multi-Family
5,812
Businesses
493
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