37801 N Cave Creek Rd UNIT 13Cave CreekAZ85331
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 37801 N Cave Creek Rd UNIT 13, Cave Creek, AZ, 85331 uses $180,950 cash to close to unlock $4,306/yr annual cash flow and $359/mo monthly cash flow. Total monthly income runs $3,610/mo, and a $2,692/mo payment keeps the spread at $359/mo. Purchase price stands at $550,000, and rental yield measures 7.88% with $3,610/mo rent. Return on cash invested shows 22.44% in year one, and 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 116.01% and total cumulative return in cash records $209,914. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,610/mo property income covering a $2,692/mo payment rather than investor’s personal income.
Townhouse
Built in 1974
1,880 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kendal Mohr • Realty Executives Arizona Territory
Mls Name: ARMLS
Mls ID: #6903269