6962 W Midway AveGlendaleAZ85303
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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 6962 W Midway Ave, Glendale, AZ, 85303 uses $107,738 cash to close to unlock $3,163/yr annual cash flow and $264/mo monthly cash flow. Total monthly income runs $2,185/mo, and a $1,591/mo payment keeps the spread at $264/mo. Purchase price stands at $325,000, and rental yield measures 8.07% with $2,185/mo rent. Return on cash invested shows 22.84% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 118.23% and total cumulative return in cash records $127,381. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,185/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Single Family
Built in 2001
6,870 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85303, Glendale, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,710 (100%) |
| Owner Occupied HU | 6,735 (57.5%) |
| Renter Occupied HU | 4,487 (38.3%) |
| Vacant Housing Units | 488 ( 4.2%) |
| Median Home Value | $398,697 |
| Average Home Value | $528,309 |
Housing Distribution
Address Breakdown
Residential
10,284
Single Family
8,140
Multi-Family
2,144
Businesses
265
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