303 N Miller Rd UNIT 1001ScottsdaleAZ85257
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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 303 N Miller Rd UNIT 1001, Scottsdale, AZ, 85257 earns $272/mo cash flow from $1,898/mo rent with a $1,346/mo payment. Total monthly income totals $1,898/mo, and annual cash flow totals $3,269/yr on $91,163 capital. ROI tracks 23.49% on current figures, and rental yield reads 8.28% at a $275,000 purchase. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 over five years. Five-year ROI reaches 121.72% and total cumulative return in cash sums $110,963. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,898/mo property income instead of your personal income.
Apartment
Built in 1981
1,063 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85257, Scottsdale, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,213 (100%) |
| Owner Occupied HU | 9,061 (49.8%) |
| Renter Occupied HU | 7,421 (40.7%) |
| Vacant Housing Units | 1,731 ( 9.5%) |
| Median Home Value | $513,087 |
| Average Home Value | $525,796 |
Housing Distribution
Address Breakdown
Residential
16,173
Single Family
10,935
Multi-Family
5,238
Businesses
841
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Listed by: James L. Dornan, Jr. • Fathom Realty Elite
Mls Name: ARMLS
Mls ID: #6934736