6166 N Scottsdale Rd #C2003Paradise ValleyAZ85253
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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 Paradise Valley at 6166 N Scottsdale Rd #C2003, Paradise Valley, AZ, 85253 generates $2,119/mo in rent, after a $8,321/mo payment. Total monthly income is $2,119/mo. Return on cash invested sits at 3.09% in year one, and rental yield is 1.5% on a $1,700,000 entry. Equity gained on principal adds $10,970/yr, while 5% annual appreciation builds toward $469,679 over five years. Five-year ROI reaches 12.19% and total cumulative return in cash sums $67,147. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,119/mo property income rather than buyer’s personal income.
Apartment
Built in 2016
1,863 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85253, Paradise Valley, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,785 (100%) |
| Owner Occupied HU | 6,446 (73.4%) |
| Renter Occupied HU | 853 ( 9.7%) |
| Vacant Housing Units | 1,486 (16.9%) |
| Median Home Value | $1,611,239 |
| Average Home Value | $1,552,288 |
Housing Distribution
Address Breakdown
Residential
7,929
Single Family
6,332
Multi-Family
1,597
Businesses
570
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Listed by: Todd Ninneman • REMAX SUMMIT PROPERTIES
Mls Name: ARMLS
Mls ID: #6960003