8620 E San Miguel AveScottsdaleAZ85250
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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
Rental property for sale in Scottsdale at 8620 E San Miguel Ave, Scottsdale, AZ, 85250 priced at $1,149,900 converts $4,216/mo rent into after a $5,628/mo obligation. Total monthly income equals $4,216/mo. Return on cash invested prints 12.06% in year one, and rental yield reads 4.4% against a $1,149,900 entry. Equity gained on principal adds $7,420/yr, while 5% annual appreciation compiles into $317,696 by year five. Five-year ROI reaches 60.26% and total cumulative return in cash sums $224,498. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,216/mo property income covering a $5,628/mo payment, not borrower’s personal income.
Single Family
Built in 1962
6,990 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
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Listed by: Alan Blair Davis • Homebright
Mls Name: ARMLS
Mls Provider:
Mls ID: #6786774
Disclaimer: All information should be verified by the recipient and none is guaranteed as accurate by ARMLS Listing Information presented by local MLS brokerage: Zillow, Inc., Designated REALTOR- Chris Long - (480) 907-1010