9990 N Scottsdale Rd APT 1038Paradise ValleyAZ85253
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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 Paradise Valley at 9990 N Scottsdale Rd APT 1038, Paradise Valley, AZ, 85253 offers a 8.85% rental yield on a $270,000 purchase with $1,992/mo rent. Total monthly income registers $1,992/mo, and a $1,322/mo payment leaves $396/mo available for distribution. Annual cash flow reaches $4,746/yr on $89,505 to close, and return on cash invested stands at 25.21% in year one. Equity gained on principal adds $1,742/yr while 5% annual appreciation supports $74,596 over five years. Portfolio math shows five-year ROI at 130.95% and total cumulative return in cash at $117,205. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,992/mo property income against a $1,322/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1994
709 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85253, Paradise Valley, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,785 (100%) |
| Owner Occupied HU | 6,446 (73.4%) |
| Renter Occupied HU | 853 ( 9.7%) |
| Vacant Housing Units | 1,486 (16.9%) |
| Median Home Value | $1,611,239 |
| Average Home Value | $1,552,288 |
Housing Distribution
Address Breakdown
Residential
7,929
Single Family
6,332
Multi-Family
1,597
Businesses
570
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Listed by: Megan Smith • The Brokery
Mls Name: ARMLS
Mls ID: #6910181