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Long-Term Rental Analysis
840 E Morningside Dr, Phoenix, AZ 85022
$208,000 • 1 beds • 1 baths • 688 sqft

This property looks like a bad Long-Term investment with a projected -11.84% first-year return on $43,680 initial cash invested.

Cash On Cash
-11.84%
Cap Rate
4.3%
Rent
$1,371
Cashflow
-$431
Rent Confidence:  High
Annual
$16,452
Median
$1,399
Avg
$1,371
Samples
25
Financing
Purchase Price  $208k
Downpayment  20.0%
Interest Rate  7.0%
Mortgage Duration  30yr.
Cash To Invest
Total  $43,680
Downpayment  $41,600
Closing costs  $2,080
Rehab  $0
Furnishing  $0
Cashflow
Total Income  $1,371
Total Expenses  $1,802
Mortgage P&I  $1,107
Property Taxes  $34
Home Insurance  $73
HOA  $231
PManagement  $137
CapEx  $69
Vacancy  $82
Maintenance  $69
Other  $0
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#Comparable PropertyRentBedsBathsSQFTDistance
1846 E Morningside Dr$1600116880 mi
217625 N 7th St, Apt 2107$1095117100.3 mi
317625 N 7th St, Apt 1148$995117100.4 mi
417617 N 9th St, Apt 2062$1444117200.5 mi
517617 N 9th St, Apt 2047$1483117200.5 mi
617617 N 9th St, Apt 1048$1317117200.5 mi
717617 N 9th St, Apt 1062$1624117200.5 mi
817617 N 9th St, Apt 2019$1340117200.5 mi
917617 N 9th St, Apt 3126$1438117200.5 mi
1017617 N 9th St, Apt 1027$1524117200.5 mi
1117617 N 9th St, Apt 2066$1501117200.5 mi
1217617 N 9th St, Apt 1132$1524117200.5 mi
1317617 N 9th St, Apt 1023$1534117200.5 mi
1417617 N 9th St, Apt 1049$1366117200.5 mi
1517617 N 9th St, Apt 1066$1534117200.5 mi
1617617 N 9th St, Apt 3018$1207117200.5 mi
1717617 N 9th St, Apt 1016$1443117200.5 mi
1817617 N 9th St, Apt 1038$1461117200.5 mi
1917617 N 9th St, Apt 2125$1323117200.5 mi
2017617 N 9th St, Apt 2024$1399117200.5 mi
2117617 N 9th St, Apt 3023$1348117200.5 mi
2217617 N 9th St, Apt 2055$1198117200.5 mi
2317617 N 9th St, Apt 3055$1141117200.5 mi
2417617 N 9th St, Apt 2126$1192117200.5 mi
2517617 N 9th St, Apt 1057$1233117200.5 mi