7230 E Mayo Blvd #2016ScottsdaleAZ85255
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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 7230 E Mayo Blvd #2016, Scottsdale, AZ, 85255 earns from $2,764/mo rent with a $4,890/mo payment. Total monthly income totals $2,764/mo. ROI tracks 8.59% on current figures, and rental yield reads 3.32% at a $999,000 purchase. Equity gained on principal adds $6,446/yr, and 5% annual appreciation supports $276,005 over five years. Five-year ROI reaches 41.75% and total cumulative return in cash sums $137,210. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,764/mo property income instead of your personal income.
Condo
Built in 2027
7.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85255, Scottsdale, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,483 (100%) |
| Owner Occupied HU | 15,546 (63.5%) |
| Renter Occupied HU | 5,244 (21.4%) |
| Vacant Housing Units | 3,693 (15.1%) |
| Median Home Value | $944,747 |
| Average Home Value | $1,113,441 |
Housing Distribution
Address Breakdown
Residential
23,562
Single Family
3,421
Multi-Family
20,141
Businesses
1,932
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Listed by: Adam Johnson • Polaris Pacific of AZ
Mls Name: ARMLS
Mls ID: #6964214