2938 N 61st Pl UNIT 234ScottsdaleAZ85251
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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 Scottsdale at 2938 N 61st Pl UNIT 234, Scottsdale, AZ, 85251 offers a 8.65% rental yield on a $259,990 purchase with $1,874/mo rent. Total monthly income registers $1,874/mo, and a $1,273/mo payment leaves $337/mo available for distribution. Annual cash flow reaches $4,040/yr on $86,187 to close, and return on cash invested stands at 24.6% in year one. Equity gained on principal adds $1,678/yr while 5% annual appreciation supports $71,830 over five years. Portfolio math shows five-year ROI at 127.62% and total cumulative return in cash at $109,994. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,874/mo property income against a $1,273/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1979
730 sqft lot
$N/A/sqft
No 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 |
Housing Distribution
Address Breakdown
Residential
24,405
Single Family
10,048
Multi-Family
14,357
Businesses
2,882
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Listed by: David Harvey • Real Broker
Mls Name: ARMLS
Mls ID: #6889126