31038 N 40th PlCave 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 31038 N 40th Pl, Cave Creek, AZ, 85331 listed at $435,000 pairs $3,295/mo rent with a $2,129/mo payment to leave $691/mo cash flow. Total monthly income runs $3,295/mo, and annual cash flow reaches $8,293/yr on $144,203 cash to close. Return on cash invested measures 25.66% in year one, and rental yield registers 9.09% at a $435,000 basis. Equity gained on principal adds $2,807/yr, and annual property appreciation at 5% supports $120,182 by year five. Five-year ROI tracks 133.44% and total cumulative return in cash totals $192,420. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,295/mo property income relative to a $2,129/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1991
5,811 sqft lot
$N/A/sqft
$98 quarterly 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: Russell Harris • RETSY
Mls Name: ARMLS
Mls Provider:
Mls ID: #6877260
Disclaimer: All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.