8502 E Cave Creek Rd #61CarefreeAZ85377
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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 $2,880/mo, and a $5,869/mo payment. Purchase price stands at $1,199,000, and rental yield measures 2.88% with $2,880/mo rent. Return on cash invested shows 7.37% in year one, and 5% annual appreciation builds toward $331,262 over five years. Five-year ROI reaches 35.15% and total cumulative return in cash records $136,545. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,880/mo property income covering a $5,869/mo payment rather than investor’s personal income.
Townhouse
Built in 1986
960 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85377, Carefree, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,462 (100%) |
| Owner Occupied HU | 1,612 (65.5%) |
| Renter Occupied HU | 169 ( 6.9%) |
| Vacant Housing Units | 681 (27.7%) |
| Median Home Value | $1,046,392 |
| Average Home Value | $1,121,611 |
Housing Distribution
Address Breakdown
Residential
0
Single Family
0
Multi-Family
0
Businesses
525
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