29606 N Tatum Blvd APT 245Cave CreekAZ85331
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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 Cave Creek at 29606 N Tatum Blvd APT 245, Cave Creek, AZ, 85331 uses $95,804 cash to close to unlock $3,698/yr annual cash flow and $308/mo monthly cash flow. Total monthly income runs $2,280/mo, and a $1,415/mo payment keeps the spread at $308/mo. Purchase price stands at $289,000, and rental yield measures 9.47% with $2,280/mo rent. Return on cash invested shows 23.77% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 124.41% and total cumulative return in cash records $119,186. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,280/mo property income covering a $1,415/mo payment rather than investor’s personal income.
Condo
Built in 1999
701 sqft lot
$N/A/sqft
$263 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85331, Cave Creek, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,894 (100%) |
| Owner Occupied HU | 11,651 (83.9%) |
| Renter Occupied HU | 1,146 ( 8.2%) |
| Vacant Housing Units | 1,097 ( 7.9%) |
| Median Home Value | $695,432 |
| Average Home Value | $798,426 |
Housing Distribution
Address Breakdown
Residential
13,371
Single Family
8,007
Multi-Family
5,364
Businesses
438
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Listed by: Daniel Beebe • Real Broker
Mls Name: ARMLS
Mls Provider:
Mls ID: #6868990
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