8837 E Cortez StScottsdaleAZ85260
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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 8837 E Cortez St, Scottsdale, AZ, 85260 priced at $700,000 converts $3,494/mo rent into after a $3,426/mo obligation. Total monthly income equals $3,494/mo. Return on cash invested prints 16.71% in year one, and rental yield reads 5.99% against a $700,000 entry. Equity gained on principal adds $4,517/yr, while 5% annual appreciation compiles into $193,397 by year five. Five-year ROI reaches 85.27% and total cumulative return in cash sums $196,384. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,494/mo property income covering a $3,426/mo payment, not borrower’s personal income.
Single Family
Built in 1979
7,886 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85260, Scottsdale, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,177 (100%) |
| Owner Occupied HU | 11,358 (51.2%) |
| Renter Occupied HU | 7,872 (35.5%) |
| Vacant Housing Units | 2,947 (13.3%) |
| Median Home Value | $681,416 |
| Average Home Value | $778,660 |
Housing Distribution
Address Breakdown
Residential
19,755
Single Family
8,288
Multi-Family
11,467
Businesses
3,843
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Listed by: Steven Castle • Real Broker
Mls Name: ARMLS
Mls Provider:
Mls ID: #6885723
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