7301 E 3rd Ave UNIT 121ScottsdaleAZ85251
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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
Total monthly income runs $2,020/mo, and a $2,978/mo payment. Purchase price stands at $608,500, and rental yield measures 3.98% with $2,020/mo rent. Return on cash invested shows 6.86% in year one, and 5% annual appreciation builds toward $168,117 over five years. Five-year ROI reaches 33.83% and total cumulative return in cash records $67,720. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,020/mo property income covering a $2,978/mo payment rather than investor’s personal income.
Condo
Built in 2005
119 sqft lot
$N/A/sqft
$626 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: Jack Luciano • Luxe Realty
Mls Name: ARMLS
Mls Provider:
Mls ID: #6922527
Disclaimer: All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.