4850 E Desert Cove Ave UNIT 227ScottsdaleAZ85254
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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 4850 E Desert Cove Ave UNIT 227, Scottsdale, AZ, 85254 uses $125,473 cash to close to unlock $2,138/yr annual cash flow and $178/mo monthly cash flow. Total monthly income runs $2,416/mo, and a $1,853/mo payment keeps the spread at $178/mo. Purchase price stands at $378,500, and rental yield measures 7.66% with $2,416/mo rent. Return on cash invested shows 21.61% in year one, and 5% annual appreciation builds toward $104,573 over five years. Five-year ROI reaches 111.65% and total cumulative return in cash records $140,086. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,416/mo property income covering a $1,853/mo payment rather than investor’s personal income.
Apartment
Built in 1988
113 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85254, Scottsdale, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,839 (100%) |
| Owner Occupied HU | 14,608 (64.0%) |
| Renter Occupied HU | 5,481 (24.0%) |
| Vacant Housing Units | 2,750 (12.0%) |
| Median Home Value | $691,065 |
| Average Home Value | $758,769 |
Housing Distribution
Address Breakdown
Residential
22,070
Single Family
14,461
Multi-Family
7,609
Businesses
1,610
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Listed by: Deborah K Grey • Realty ONE Group
Mls Name: ARMLS
Mls ID: #6951219