4701 N 68th St UNIT 248ScottsdaleAZ85251
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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 4701 N 68th St UNIT 248, Scottsdale, AZ, 85251 uses $112,710 cash to close to unlock $6,616/yr annual cash flow and $551/mo monthly cash flow. Total monthly income runs $3,011/mo, and a $1,664/mo payment keeps the spread at $551/mo. Purchase price stands at $340,000, and rental yield measures 10.63% with $3,011/mo rent. Return on cash invested shows 25.78% in year one, and 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 135.7% and total cumulative return in cash records $152,946. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,011/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Apartment
Built in 1964
1,141 sqft lot
$N/A/sqft
$450 monthly 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: Justin D Miller • Platinum Living Realty
Mls Name: ARMLS
Mls Provider:
Mls ID: #6787219
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