7338 E Rovey AveScottsdaleAZ85250
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 5.12% gross rental yield, 7338 E Rovey Ave, Scottsdale, AZ, 85250 in Scottsdale is priced for capital growth, not immediate cash flow. The $764,900 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $211,328 by year five, with $7,045/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.95) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $208,249.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.1% | 4.2% |
| Monthly Cash Flow | $(1,440) | $1,800 |
City averages based on Scottsdale market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,264 |
| Total Monthly Debt Service | $4,217 |
| DSCR Ratio | 0.77x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1974
4,858 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85250, Scottsdale, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,642 (100%) |
| Owner Occupied HU | 6,442 (66.8%) |
| Renter Occupied HU | 1,958 (20.3%) |
| Vacant Housing Units | 1,242 (12.9%) |
| Median Home Value | $618,652 |
| Average Home Value | $733,635 |
Housing Distribution
Address Breakdown
Residential
9,446
Single Family
7,009
Multi-Family
2,437
Businesses
551
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 1974
4,858 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85250, Scottsdale, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,642 (100%) |
| Owner Occupied HU | 6,442 (66.8%) |
| Renter Occupied HU | 1,958 (20.3%) |
| Vacant Housing Units | 1,242 (12.9%) |
| Median Home Value | $618,652 |
| Average Home Value | $733,635 |
Housing Distribution
Address Breakdown
Residential
9,446
Single Family
7,009
Multi-Family
2,437
Businesses
551
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chris DeFreitas • West USA Realty
Mls Name: ARMLS
Mls ID: #6978693