7049 E Latham StScottsdaleAZ85257
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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 7049 E Latham St, Scottsdale, AZ, 85257 uses $231,287 cash to close to unlock $1,323/yr annual cash flow and $110/mo monthly cash flow. Total monthly income runs $4,266/mo, and a $3,441/mo payment keeps the spread at $110/mo. Purchase price stands at $703,000, and rental yield measures 7.28% with $4,266/mo rent. Return on cash invested shows 20.63% in year one, and 5% annual appreciation builds toward $194,226 over five years. Five-year ROI reaches 106.33% and total cumulative return in cash records $245,926. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,266/mo property income covering a $3,441/mo payment rather than investor’s personal income.
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
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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.