7049 E Latham StScottsdaleAZ85257
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 7049 E Latham St, Scottsdale, AZ, 85257 in Scottsdale at $703,000 earns $4,266/mo in rent and nets $110/mo after the $3,161/mo payment, a 7.28% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $194,226 over five years. Ziffy Mortgage underwrites this on a 1.35 DSCR without U.S. credit history. With $6,475/yr in principal paydown, total projected return reaches $272,859.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.3% | 4.2% |
| Monthly Cash Flow | $110 | $1,800 |
City averages based on Scottsdale market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,266 |
| Total Monthly Debt Service | $3,876 |
| DSCR Ratio | 1.10x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1959
7,866 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85257, Scottsdale, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,213 (100%) |
| Owner Occupied HU | 9,061 (49.8%) |
| Renter Occupied HU | 7,421 (40.7%) |
| Vacant Housing Units | 1,731 ( 9.5%) |
| Median Home Value | $513,087 |
| Average Home Value | $525,796 |
Housing Distribution
Address Breakdown
Residential
16,173
Single Family
10,935
Multi-Family
5,238
Businesses
841
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1959
7,866 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85257, Scottsdale, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,213 (100%) |
| Owner Occupied HU | 9,061 (49.8%) |
| Renter Occupied HU | 7,421 (40.7%) |
| Vacant Housing Units | 1,731 ( 9.5%) |
| Median Home Value | $513,087 |
| Average Home Value | $525,796 |
Housing Distribution
Address Breakdown
Residential
16,173
Single Family
10,935
Multi-Family
5,238
Businesses
841
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Megan Faber • Real Broker
Mls Name: ARMLS
Mls Provider:
Mls ID: #6876103
Disclaimer: All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.