13700 N Fountain Hills Blvd APT 217Fountain HillsAZ85268
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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
Investment property for sale in Fountain Hills at 13700 N Fountain Hills Blvd APT 217, Fountain Hills, AZ, 85268 offers a 8.3% rental yield on a $209,900 purchase with $1,452/mo rent. Total monthly income registers $1,452/mo, and a $1,027/mo payment leaves $212/mo available for distribution. Annual cash flow reaches $2,539/yr on $69,582 to close, and return on cash invested stands at 23.56% in year one. Equity gained on principal adds $1,354/yr while 5% annual appreciation supports $57,992 over five years. Portfolio math shows five-year ROI at 122.06% and total cumulative return in cash at $84,932. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,452/mo property income against a $1,027/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1998
740 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85268, Fountain Hills, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,249 (100%) |
| Owner Occupied HU | 9,938 (69.7%) |
| Renter Occupied HU | 2,006 (14.1%) |
| Vacant Housing Units | 2,305 (16.2%) |
| Median Home Value | $670,983 |
| Average Home Value | $772,614 |
Housing Distribution
Address Breakdown
Residential
14,099
Single Family
9,319
Multi-Family
4,780
Businesses
600
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Listed by: Jay T Schlum • RE/MAX Fine Properties
Mls Name: ARMLS
Mls ID: #6952374