2938 N 61st Pl UNIT 229, Scottsdale, AZ, 85251 | $182/mo Cash Flow

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Rental Income

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Scottsdale at 2938 N 61st Pl UNIT 229, Scottsdale, AZ, 85251 offers a 8.62% rental yield on a $298,000 purchase with $2,141/mo rent. Total monthly income registers $2,141/mo, and a $1,459/mo payment leaves $182/mo available for distribution. Annual cash flow reaches $2,184/yr on $98,787 to close, and return on cash invested stands at 22.12% in year one. Equity gained on principal adds $1,923/yr while 5% annual appreciation supports $82,332 over five years. Portfolio math shows five-year ROI at 115.25% and total cumulative return in cash at $113,852. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,141/mo property income against a $1,459/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Apartment

Built in 1979

880 sqft lot

$N/A/sqft

$197 monthly HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 85251, Scottsdale, AZ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	26,269 (100%)
Owner Occupied HU	10,332 (39.3%)
Renter Occupied HU	11,651 (44.4%)
Vacant Housing Units	4,286 (16.3%)
Median Home Value	$628,160
Average Home Value	$737,287