115 E Cortez Dr UNIT 216SedonaAZ86351
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 216, Sedona, AZ, 86351 offers a 7.95% rental yield on a $310,000 purchase with $2,054/mo rent. Total monthly income registers $2,054/mo, and a $1,517/mo payment leaves $222/mo available for distribution. Annual cash flow reaches $2,662/yr on $102,765 to close, and return on cash invested stands at 22.5% in year one. Equity gained on principal adds $2,000/yr while 5% annual appreciation supports $85,647 over five years. Portfolio math shows five-year ROI at 116.36% and total cumulative return in cash at $119,575. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,054/mo property income against a $1,517/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
No 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