1217 N Miller Rd UNIT 23ScottsdaleAZ85257
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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 Scottsdale at 1217 N Miller Rd UNIT 23, Scottsdale, AZ, 85257 uses $116,025 cash to close to unlock $206/yr annual cash flow and $17/mo monthly cash flow. Total monthly income runs $2,419/mo, and a $1,713/mo payment keeps the spread at $17/mo. Purchase price stands at $349,999, and rental yield measures 8.29% with $2,419/mo rent. Return on cash invested shows 20.09% in year one, and 5% annual appreciation builds toward $96,698 over five years. Five-year ROI reaches 104.71% and total cumulative return in cash records $121,490. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,419/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1979
108 sqft lot
$N/A/sqft
$333 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85257, Scottsdale, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,213 (100%) |
| Owner Occupied HU | 9,061 (49.8%) |
| Renter Occupied HU | 7,421 (40.7%) |
| Vacant Housing Units | 1,731 ( 9.5%) |
| Median Home Value | $513,087 |
| Average Home Value | $525,796 |
Housing Distribution
Address Breakdown
Residential
16,173
Single Family
10,935
Multi-Family
5,238
Businesses
841
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Listed by: Gina McClain • AIG Realty LLC
Mls Name: ARMLS
Mls Provider:
Mls ID: #6857519
Disclaimer: All information should be verified by the recipient and none is guaranteed as accurate by ARMLS Listing Information presented by local MLS brokerage: Zillow, Inc., Designated REALTOR- Chris Long - (480) 907-1010