4200 N Miller Rd UNIT 509ScottsdaleAZ85251
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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 4200 N Miller Rd UNIT 509, Scottsdale, AZ, 85251 uses $97,130 cash to close to unlock $1,093/yr annual cash flow and $91/mo monthly cash flow. Total monthly income runs $1,823/mo, and a $1,434/mo payment keeps the spread at $91/mo. Purchase price stands at $293,000, and rental yield measures 7.47% with $1,823/mo rent. Return on cash invested shows 21.03% in year one, and 5% annual appreciation builds toward $80,951 over five years. Five-year ROI reaches 108.56% and total cumulative return in cash records $105,442. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,823/mo property income covering a $1,434/mo payment rather than investor’s personal income.
Apartment
Built in 1987
915 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85251, Scottsdale, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,269 (100%) |
| Owner Occupied HU | 10,332 (39.3%) |
| Renter Occupied HU | 11,651 (44.4%) |
| Vacant Housing Units | 4,286 (16.3%) |
| Median Home Value | $628,160 |
| Average Home Value | $737,287 |
Housing Distribution
Address Breakdown
Residential
24,405
Single Family
10,048
Multi-Family
14,357
Businesses
2,882
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Listed by: Ruben H Lujan • Desert Gateway Realty
Mls Name: ARMLS
Mls ID: #6953628