303 N Miller Rd UNIT 1007ScottsdaleAZ85257
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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 1007, Scottsdale, AZ, 85257 uses $82,875 cash to close to unlock $7,054/yr annual cash flow and $588/mo monthly cash flow. Total monthly income runs $2,066/mo, and a $1,224/mo payment keeps the spread at $588/mo. Purchase price stands at $250,000, and rental yield measures 9.92% with $2,066/mo rent. Return on cash invested shows 28.42% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 148.12% and total cumulative return in cash records $122,758. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,066/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Apartment
Built in 1981
856 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 Dustan • DPR Realty LLC
Mls Name: ARMLS
Mls ID: #6915625