8621 W Morten AveGlendaleAZ85305
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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 Glendale at 8621 W Morten Ave, Glendale, AZ, 85305 generates $4,861/mo in rent and, after a $2,948/mo payment, leaves $1,192/mo in cash flow. Total monthly income is $4,861/mo, and annual cash flow is $14,301/yr on $198,140 invested. Return on cash invested sits at 27.28% in year one, and rental yield is 9.69% on a $602,250 entry. Equity gained on principal adds $3,886/yr, while 5% annual appreciation builds toward $166,391 over five years. Five-year ROI reaches 142.19% and total cumulative return in cash sums $281,734. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,861/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
9,000 sqft lot
$N/A/sqft
$109 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85305, Glendale, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,837 (100%) |
| Owner Occupied HU | 3,989 (50.9%) |
| Renter Occupied HU | 2,891 (36.9%) |
| Vacant Housing Units | 957 (12.2%) |
| Median Home Value | $497,807 |
| Average Home Value | $520,895 |
Housing Distribution
Address Breakdown
Residential
7,898
Single Family
2,868
Multi-Family
5,030
Businesses
371
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