6044 E Hodges StCave 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
Rental property for sale in Cave Creek at 6044 E Hodges St, Cave Creek, AZ, 85331 priced at $1,849,000 converts $6,400/mo rent into after a $9,050/mo obligation. Total monthly income equals $6,400/mo. Return on cash invested prints 11.02% in year one, and rental yield reads 4.15% against a $1,849,000 entry. Equity gained on principal adds $11,931/yr, while 5% annual appreciation compiles into $510,845 by year five. Five-year ROI reaches 54.83% and total cumulative return in cash sums $328,451. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,400/mo property income covering a $9,050/mo payment, not borrower’s personal income.
Single Family
Built in 2014
0.38 Acres lot
$N/A/sqft
$136 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: Robert Lontkowski • Sonoran Properties Associates
Mls Name: ARMLS
Mls Provider:
Mls ID: #6828477
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