115 E Cortez Dr UNIT 116SedonaAZ86351
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Sedona at 115 E Cortez Dr UNIT 116, Sedona, AZ, 86351 offers a 7.16% rental yield on a $325,000 purchase with $1,940/mo rent. 44% in year one. Equity gained on principal adds $2,097/yr while 5% annual appreciation supports $89,792 over five years. Portfolio math shows five-year ROI at 85.22% and total cumulative return in cash at $91,813. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,940/mo property income against a $1,591/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1984
435.60 sqft lot
$N/A/sqft
$330 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 86351, Sedona, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,618 (100%) |
| Owner Occupied HU | 2,734 (59.2%) |
| Renter Occupied HU | 762 (16.5%) |
| Vacant Housing Units | 1,122 (24.3%) |
| Median Home Value | $711,359 |
| Average Home Value | $787,955 |
Housing Distribution
Address Breakdown
Residential
3,712
Single Family
3,257
Multi-Family
455
Businesses
158
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carol Anne Teague • Realty One Group Mountain Dese
Mls Name: SVVAR
Mls Provider:
Mls ID: #539637
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.