3002 N 70th St UNIT 136ScottsdaleAZ85251
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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 3002 N 70th St UNIT 136, Scottsdale, AZ, 85251 uses $84,533 cash to close to unlock $6,153/yr annual cash flow and $513/mo monthly cash flow. Total monthly income runs $2,020/mo, and a $1,248/mo payment keeps the spread at $513/mo. Purchase price stands at $255,000, and rental yield measures 9.51% with $2,020/mo rent. Return on cash invested shows 27.19% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 141.53% and total cumulative return in cash records $119,636. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,020/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Apartment
Built in 1979
63 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: Sean P Normoyle • Success Property Brokers
Mls Name: ARMLS
Mls ID: #6961017