5877 N Granite Reef Rd APT 2224ScottsdaleAZ85250
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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 5877 N Granite Reef Rd APT 2224, Scottsdale, AZ, 85250 offers a 8.17% rental yield on a $239,900 purchase with $1,633/mo rent. 84% in year one. Equity gained on principal adds $1,548/yr while 5% annual appreciation supports $66,280 over five years. Portfolio math shows five-year ROI at 98.36% and total cumulative return in cash at $78,223. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,633/mo property income against a $1,174/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1980
665 sqft lot
$N/A/sqft
$286 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85250, Scottsdale, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,642 (100%) |
| Owner Occupied HU | 6,442 (66.8%) |
| Renter Occupied HU | 1,958 (20.3%) |
| Vacant Housing Units | 1,242 (12.9%) |
| Median Home Value | $618,652 |
| Average Home Value | $733,635 |
Housing Distribution
Address Breakdown
Residential
9,446
Single Family
7,009
Multi-Family
2,437
Businesses
551
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Listed by: Garett W Chatham • eXp Realty
Mls Name: ARMLS
Mls Provider:
Mls ID: #6809398
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