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$1,775,000

For Sale - Active
8034 E Del Caverna Dr, Scottsdale, AZ 85258
4 Beds
3 Baths
3,034 Square Feet
0.27 Acres Lot
Built in 1978
For Sale - Active
Units n/a
Checked: 7 hours ago
Updated: Jul 17, 2025 at 06:07AM

Investment Summary


Monthly Cash Flow
-$5,256
Cap Rate
2.1%
Cash-on-Cash Return
-15.4%
Debt Coverage Ratio
0.37
Internal Rate of Return (5 years)
-10.9%

Property Description


0.27 Acres Lot
Built in 1978
For Sale - Active
Units n/a

Nestled in the heart of McCormick Ranch, this 4-bedroom, 2.5-bathroom home is just steps away from the serene lake and scenic Greenbelt trail. Great floor plan that features a large living room with vaulted ceilings that has been converted into a play room and a separate family room off of the eat-in kitchen. The spacious primary suite offers a sitting room with a walk-in closet and en-suite bathroom featuring dual vanities and a soaking tub. Three additional bedrooms provide flexibility for guests or a home office. Step outside to a beautifully landscaped large backyard with a sparkling play pool, covered patio, perfect for outdoor dining or just enjoying the Arizona weather. Store all of your bikes and outdoor toys in the 15x8 ft storage room with a separate entrance. Located near top-rated schools, and close proximity to golf courses, restaurants, and boutique shopping. This is an opportunity to own a spacious home in one of Scottsdale's most desirable neighborhoods that's close to everything.

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Location


Property Details


Parking

  • Description: Attch'd Gar Cabinets, Dir Entry frm Garage, Electric Door Opener, Separate Strge Area
  • Details: Garage Door Opener, Direct Access
  • Garage Spaces: 2
  • Spaces Total: 4

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Material: Tile, Foam
  • Pool: Yes
  • Solar Panels: Yes

HOA

  • Has HOA: Yes
  • Association: McCormick Ranch
  • HOA Fee: $260/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 17402032
  • Lot Size: 11879 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1978

Tax Information

  • Annual Tax: $4,235

Utilities

  • Water & Sewer: Public
  • Heating: Electric
  • Cooling: Central Air, Ceiling Fan(s)

Location

  • County: Maricopa

Listing Details


Listed by:
Brandon R Kauffman
My Home Group Real Estate
(480) 252-0064

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6871438
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$5,256
Cap Rate
2.1%
Cash-on-Cash Return
-15.4%
Debt Coverage Ratio
0.37
Internal Rate of Return (5 years)
-10.9%

Purchase Details

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Purchase price:
$1,775,000
Amount financed:
-$1,420,000
Down payment:
$355,000
Closing costs:
$53,250
Rehab costs:
$0
Initial cash invested:
$408,250
Square feet:
3,034
Cost per square foot:
$585
Monthly rent per square foot:
$1.68

Financing Details

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Loan amount:
$1,420,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$8,400
Property tax:
$353
Insurance:
$357
Private mortgage insurance (PMI):
$0
Monthly payment:
$9,110

Operating Income

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% Rent Monthly Yearly
Gross rent:
$5,100 $61,200
Vacancy loss: (6%)
6% -$306 -$3,672
Operating income:
$4,794 $57,528

Operating Expenses


% Rent Monthly Yearly
Property taxes: (7%)
7%-$353-$4,235
Insurance: (7%)
7%-$357-$4,284
Property management: (8%)
8%-$408-$4,896
Repairs & maintenance: (5%)
5%-$255-$3,060
Capital expenditures: (5%)
5%-$255-$3,060
HOA fees: (0%)
0%-$22-$264
Total operating expenses: (32%)
32%-$1,650-$19,799

Cash Flow


Monthly Yearly
Net operating income:
$3,144 $37,728
Mortgage payments:
-$8,400 -$100,800
Cash flow:
$5,256 $63,072