29628 N 48th StCave 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 29628 N 48th St, Cave Creek, AZ, 85331 uses $213,028 cash to close to unlock $4,473/yr annual cash flow and $373/mo monthly cash flow. Total monthly income runs $4,200/mo, and a $3,169/mo payment keeps the spread at $373/mo. Purchase price stands at $647,500, and rental yield measures 7.78% with $4,200/mo rent. Return on cash invested shows 22.16% in year one, and 5% annual appreciation builds toward $178,892 over five years. Five-year ROI reaches 114.51% and total cumulative return in cash records $243,945. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,200/mo property income covering a $3,169/mo payment rather than investor’s personal income.
Single Family
Built in 2000
6,529 sqft lot
$N/A/sqft
No 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: Brandon Lespron • Grigg's Group Powered by The Altman Brothers
Mls Name: ARMLS
Mls ID: #6924229