7117 E Rancho Vista Dr UNIT 3010ScottsdaleAZ85251
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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 7117 E Rancho Vista Dr UNIT 3010, Scottsdale, AZ, 85251 offers a 10.45% rental yield on a $590,000 purchase with $5,140/mo rent. Total monthly income registers $5,140/mo, and a $2,888/mo payment leaves $702/mo available for distribution. Annual cash flow reaches $8,426/yr on $194,110 to close, and return on cash invested stands at 24.4% in year one. Equity gained on principal adds $3,807/yr while 5% annual appreciation supports $163,006 over five years. Portfolio math shows five-year ROI at 128.68% and total cumulative return in cash at $249,772. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,140/mo property income against a $2,888/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2011
1,304 sqft lot
$N/A/sqft
$950 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85251, Scottsdale, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,269 (100%) |
| Owner Occupied HU | 10,332 (39.3%) |
| Renter Occupied HU | 11,651 (44.4%) |
| Vacant Housing Units | 4,286 (16.3%) |
| Median Home Value | $628,160 |
| Average Home Value | $737,287 |
Housing Distribution
Address Breakdown
Residential
24,405
Single Family
10,048
Multi-Family
14,357
Businesses
2,882
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Listed by: Erica McClurg • RETSY
Mls Name: ARMLS
Mls Provider:
Mls ID: #6878584
Disclaimer: All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.