848 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
Rental property for sale in Phoenix at 848 E Morningside Dr, Phoenix, AZ, 85022 priced at $308,900 converts $2,284/mo rent into $216/mo cash flow after a $1,512/mo obligation. Total monthly income equals $2,284/mo, and annual cash flow totals $2,591/yr on $102,400 invested. Return on cash invested prints 22.44% in year one, and rental yield reads 8.87% against a $308,900 entry. Equity gained on principal adds $1,993/yr, while 5% annual appreciation compiles into $85,343 by year five. Five-year ROI reaches 117.07% and total cumulative return in cash sums $119,878. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,284/mo property income covering a $1,512/mo payment, not borrower’s personal income.
Townhouse
Built in 1984
870 sqft lot
$N/A/sqft
$242 monthly 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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