7616 E Corva DrScottsdaleAZ85266
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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 7616 E Corva Dr, Scottsdale, AZ, 85266 offers a 7.25% rental yield on a $795,000 purchase with $4,800/mo rent. Total monthly income registers $4,800/mo, and a $3,891/mo payment leaves $101/mo available for distribution. Annual cash flow reaches $1,209/yr on $261,555 to close, and return on cash invested stands at 20.52% in year one. Equity gained on principal adds $5,130/yr while 5% annual appreciation supports $219,644 over five years. Portfolio math shows five-year ROI at 105.73% and total cumulative return in cash at $276,538. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,800/mo property income against a $3,891/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
6,325 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85266, Scottsdale, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,678 (100%) |
| Owner Occupied HU | 5,157 (77.2%) |
| Renter Occupied HU | 247 ( 3.7%) |
| Vacant Housing Units | 1,274 (19.1%) |
| Median Home Value | $941,338 |
| Average Home Value | $1,117,185 |
Housing Distribution
Address Breakdown
Residential
6,282
Single Family
2,636
Multi-Family
3,646
Businesses
155
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Listed by: Regina Alvarez • Russ Lyon Sotheby's International Realty
Mls Name: ARMLS
Mls ID: #6968257