748 E Morningside DrPhoenixAZ85022
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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 Phoenix at 748 E Morningside Dr, Phoenix, AZ, 85022 earns $680/mo cash flow from $2,274/mo rent with a $1,320/mo payment. Total monthly income totals $2,274/mo, and annual cash flow totals $8,157/yr on $89,422 capital. ROI tracks 29.03% on current figures, and rental yield reads 10.12% at a $269,750 purchase. Equity gained on principal adds $1,741/yr, and 5% annual appreciation supports $74,527 over five years. Five-year ROI reaches 151.39% and total cumulative return in cash sums $135,379. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,274/mo property income instead of your personal income.
Townhouse
Built in 1983
1,050 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85022, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,755 (100%) |
| Owner Occupied HU | 13,479 (54.4%) |
| Renter Occupied HU | 9,856 (39.8%) |
| Vacant Housing Units | 1,420 ( 5.7%) |
| Median Home Value | $451,289 |
| Average Home Value | $498,344 |
Housing Distribution
Address Breakdown
Residential
22,657
Single Family
14,089
Multi-Family
8,568
Businesses
784
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