38500 N School House Rd UNIT 32Cave 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 38500 N School House Rd UNIT 32, Cave Creek, AZ, 85331 earns from $4,200/mo rent with a $4,518/mo payment. Total monthly income totals $4,200/mo. ROI tracks 13.79% on current figures, and rental yield reads 5.46% at a $923,000 purchase. Equity gained on principal adds $5,956/yr, and 5% annual appreciation supports $255,008 over five years. Five-year ROI reaches 70.09% and total cumulative return in cash sums $212,841. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,200/mo property income instead of your personal income.
Single Family
Built in 2021
4,698 sqft lot
$N/A/sqft
$331 monthly 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: Kellie Parten • HomeSmart
Mls Name: ARMLS
Mls Provider:
Mls ID: #6852220
Disclaimer: All information should be verified by the recipient and none is guaranteed as accurate by ARMLS Listing Information presented by local MLS brokerage: Zillow, Inc., Designated REALTOR- Chris Long - (480) 907-1010