4600 N 68th St #366 · Scottsdale, AZ 85251

$220,000

2 bd · 2.0 ba · 986 sqft · Condo public records · 16 Days on market

Built 1974 $450/mo HOA · 17% of rent

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +22.7/30.0
• ARV discount +7.5/15.0
• DSCR +7.3/10.0
• 1% rule +7.2/10.0
• Schools +4.8/10.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

INVESTOR SPECIAL: tenants in place willing to sign a new one year lease. 2 bedrooms up, well maintained end unit with responsible tenants. One offer submitted, multiple back up offers.

Key facts

• End unit
• Newer appliances
• Beautiful cabinetry

Tags

• BRAND-NEW BERBER CARPETING
• FRESH INTERIOR PAINT
• BEAUTIFUL CABINETRY
• NEWER APPLIANCES
• ENERGY-EFFICIENT WINDOWS
• END UNIT

Property features AI

Finance

• Other: Community pool; Community laundry; Biking/walking path; Directions: North on 68th Street, take first entrance on west side into Camelback House (Building 4600); unit is at the west end of building 4600, unit #366 — park in visitor parking in front of unit or designated covered space #366
• HOA & community: Association with monthly fee; Association fee includes roof repair/replacement, insurance, sewer, pest control, grounds and exterior maintenance, street maintenance, front yard maintenance, trash and water; Land lease with monthly fee

Exterior

• Parking: Covered carport space (1) — detached carport
• Utilities: City water; Public sewer
• Home design: Condominium apartment; Attached property; Asphalt road access
• Construction: Stucco and wood frame construction; Built-up roof
• Exterior features: Partial fencing; Gravel/stone front

Interior

• Kitchen: Refrigerator; Dishwasher; Garbage disposal; Built-in electric oven; Built-in microwave
• Bedrooms: 2 possible bedrooms (includes upstairs bedroom)
• Flooring: Carpet; Tile
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Electric heating; Central air; Ceiling fans
• Interior features: Upstairs layout; Full bath in primary bedroom; Dual-pane windows
• Laundry & utility: Laundry — other (see remarks)

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $220k.

Deal economics

• At list price, monthly cash flow is $379 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $220k).
• Recommended offer: $217k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.4% vs local median 2.5% in Scottsdale — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 80/100 on livability (#4 in AZ, #1,756 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, employment A+; Watch: health & safety C-, cost of living F.
• Scottsdale Unified District (4240) (urban): math 53% / reading 55% proficiency, ranked #30 of 249 in AZ (top 12%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Hopi Elementary School (math 77% / reading 78%, grade A, #21 of 1,109 statewide, top 2%, 676 students, 10% FRL); Ingleside Middle School (math 46% / reading 50%, grade C-, #35 of 218 statewide, top 16%, 777 students, 40% FRL); Arcadia High School (math 29% / reading 34%, grade F, #109 of 381 statewide, top 29%, 1,602 students, 30% FRL).
• Market conditions: Rents soft (-1.6%/yr); 582 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 36,011 units permitted in Maricopa County in 2024 (12,801 in 5+ unit buildings).
• This rent runs 35% of the median local income ($93k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Maricopa County population projected at +38% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($217k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 21y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $75k; list at $220k implies a 193% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $216,700 (1.5% below list)

Questions for the listing agent

1. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.22% ✓
• Cap rate: 8.36%
• Cash-on-cash: 7.39%
• DSCR: 1.33
• GRM: 6.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -8.8%
• Equity multiple: 0.69×
• Total profit: $-19,184
• Equity at exit: $32,803

10-year hold

• IRR: -4.4%
• Equity multiple: 0.75×
• Total profit: $-15,271
• Equity at exit: $19,022

Cash invested: $61,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Arizona: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

5-day pay-or-quit; AZ courts known for speed; no state rent control; cities preempted by state law.

Methodology + full state rankings →

ZIP-level market 85251

• Rents YoY: -1.6%
• Active inventory: 582
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $2,682 high
• Mortgage (P&I): −$1,154
• Tax from tax record: −$44 /mo · $531/yr
• Insurance: −$92
• HOA: −$450
• Vacancy / Maint / Mgmt: −$563
• Net cashflow: $379

Break-even live

Break-even rent $2,202

Max offer price $220,000

Occupancy floor 81%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $55,000
• Closing costs: $6,600
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4600 N 68th St Unit 1558683P Scottsdale, AZ	2.0	1.5	979	$1,997	$2.04	5d	1	0.03mi
4600 N 68th St Unit 1558658P Scottsdale, AZ	2.0	1.5	979	$2,044	$2.09	13d	1	0.03mi
4600 N 68th St Scottsdale, AZ	1.0–2.0	1.0–1.5	844	$6,000	$7.11	11d	3	0.03mi
4600 N 68th St Scottsdale, AZ	1.0–2.0	1.0–1.5	844	$6,000	$7.11	24d	4	0.03mi
4600 N 68th St Scottsdale, AZ	1.0–2.0	1.0–1.5	843	$6,000	$7.11	44d	4	0.03mi
4610 N 68th St Scottsdale, AZ	2.0	1.5	986	$4,118	$4.18	3d	2	0.07mi
4610 N 68th St Scottsdale, AZ	2.0–3.0	1.5–2.0	1136	$1,900	$1.67	24d	3	0.07mi
4610 N 68th St #479 Scottsdale, AZ	2.0	1.5	986	$6,500	$6.59	44d	1	0.08mi
4610 N 68th St Unit 1558642P Scottsdale, AZ	2.0	2.0	1097	$2,014	$1.84	3d	1	0.08mi
4620 N 68th St Unit 1558641P Scottsdale, AZ	2.0	1.5	968	$2,323	$2.40	14d	1	0.08mi
4701 N 68th St Scottsdale, AZ	2.0	1.5–2.0	1079	$3,000	$2.78	18d	5	0.08mi
4701 N 68th St Scottsdale, AZ	2.0	1.5–2.0	1079	$3,000	$2.78	24d	4	0.08mi
4630 N 68th St Scottsdale, AZ	2.0	1.5	986	$2,650	$2.69	44d	2	0.10mi
4630 N 68th St Scottsdale, AZ	2.0	1.5–2.0	1003	$2,525	$2.52	15d	4	0.10mi
4630 N 68th St Scottsdale, AZ	1.0–2.0	1.0–2.0	861	$3,200	$3.72	14d	5	0.10mi
4630 N 68th St Scottsdale, AZ	2.0	1.5–2.0	1003	$2,500	$2.49	15d	5	0.10mi
4630 N 68th St Unit 1558632P Scottsdale, AZ	1.0	1.0	699	$1,781	$2.55	3d	1	0.12mi
4800 N 68th St Scottsdale, AZ	1.0–2.0	1.0–2.0	1124	$5,500	$4.89	3d	5	0.17mi
4800 N 68th St Scottsdale, AZ	1.0–2.0	1.0–2.0	1098	$3,500	$3.19	44d	2	0.17mi
6895 E Camelback Rd Scottsdale, AZ	3.0	1.0–3.0	1279	$5,294	$4.14	1d	59	0.24mi
7117 E Rancho Vista Dr #2004 Scottsdale, AZ	2.0	2.0	1066	$3,699	$3.47	44d	1	0.37mi
7117 E Rancho Vista Dr #3003 Scottsdale, AZ	1.0	1.0	889	$2,695	$3.03	18d	1	0.37mi
7121 E Rancho Vista Dr #2009 Scottsdale, AZ	1.0	1.5	956	$1,900	$1.99	18d	1	0.39mi
4848 N Goldwater Blvd Scottsdale, AZ	1.0–2.0	1.0–2.0	916	$2,829	$3.09	2d	39	0.41mi
7131 E Rancho Vista Dr #5002 Scottsdale, AZ	2.0	2.0	1062	$2,999	$2.82	44d	1	0.42mi
7137 E Rancho Vista Dr #2004 Scottsdale, AZ	2.0	2.0	1097	$3,195	$2.91	5d	1	0.42mi
7137 E Rancho Vista Dr #2009 Scottsdale, AZ	1.0	1.5	952	$2,850	$2.99	20d	1	0.42mi
7137 E Rancho Vista Dr Scottsdale, AZ	2.0	2.0	1097	$3,195	$2.91	3d	1	0.42mi
7137 E Rancho Vista Dr Scottsdale, AZ	1.0	1.0	780	$2,400	$3.08	44d	1	0.42mi
7025 E Via Soleri Dr Scottsdale, AZ	1.0	2.0	758	$2,995	$3.95	44d	1	0.45mi
7025 E Via Soleri Dr Scottsdale, AZ	2.0	1.0–2.0	928	$4,855	$5.23	2d	17	0.45mi
7147 E Rancho Vista Dr #4009 Scottsdale, AZ	1.0	1.5	930	$2,795	$3.01	24d	1	0.45mi
7141 E Rancho Vista Dr #3011 Scottsdale, AZ	1.0	1.5	968	$4,500	$4.65	44d	1	0.47mi
7157 E Rancho Vista Dr #5011 Scottsdale, AZ	1.0	1.5	952	$3,500	$3.68	5d	1	0.48mi
7157 E Rancho Vista Dr #3011 Scottsdale, AZ	1.0	1.5	952	$4,500	$4.73	44d	1	0.48mi
7151 E Rancho Vista Dr #6009 Scottsdale, AZ	1.0	1.5	930	$2,850	$3.06	44d	1	0.49mi
7151 E Rancho Vista Dr #5004 Scottsdale, AZ	2.0	2.0	1055	$3,500	$3.32	8d	1	0.49mi
7161 E Rancho Vista Dr #1003 Scottsdale, AZ	1.0	1.0	1046	$7,400	$7.07	44d	1	0.54mi
4735 N Scottsdale Rd Scottsdale, AZ	1.0–2.0	1.0–2.0	991	$3,544	$3.58	2d	14	0.60mi
4238 N Craftsman Ct Unit 1558688P Scottsdale, AZ	1.0	1.0	721	$2,191	$3.04	8d	1	0.61mi

HOA detail condo

• Monthly dues: $450 · $5,400/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 12 events

1. 2026-06-18
   days on market $220,000 Active 16 DOM
2. 2026-06-17
   days on market $220,000 Active 15 DOM
3. 2026-06-16
   days on market $220,000 Active 14 DOM
4. 2026-06-15
   days on market $220,000 Active 13 DOM
5. 2026-06-13
   days on market $220,000 Active 11 DOM
6. 2026-06-13
   days on market $220,000 Active 10 DOM
7. 2026-06-09
   days on market $220,000 Active 7 DOM
8. 2026-06-08
   days on market $220,000 Active 6 DOM
9. 2026-06-07
   days on market $220,000 Active 5 DOM
10. 2026-06-04
    days on market $220,000 Active 2 DOM
11. 2026-06-02
    remarks 699-char remark
12. 2026-06-02
    listed $220,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast AZ · Resets to sale price

• Current annual tax: $531 · $44/mo
• Projected year-2 tax: $1,452 · $121/mo
• Expected delta: +$921/yr (+$77/mo · 173.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥111°F today · 19 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $32,185
• − Mortgage interest: −$12,323
• − Property taxes: −$531
• − Insurance: −$1,100
• − Repairs & maintenance: −$2,575
• − Management: −$2,575
• − HOA: −$5,400
• − Depreciation: −$6,400
• Taxable income: $1,281
• Est. tax owed @ 24.0%: −$307
• After-tax cash flow: $4,243/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Scottsdale Unified District (4240)
• NCES district ID: 0407570
• Math proficiency: 53% ▼ -10.00%
• Reading proficiency: 55% ▼ -8.00%
• Median HH income: $70,139
• Composite: 48.02/100
• National rank: #2196
• State rank: #30 of 249 in AZ

Livability — Scottsdale

• Score: 80/100
• State rank: #4
• US rank: #1756

Category grades

Amenities A+ Commute A+ Cost of living F Crime B+ Employment A+ Housing A- Health & safety C- User ratings B

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Scottsdale, AZ
• County: Maricopa County · 4,537,380 people
• City population: 290,846
• Metro: Phoenix-Mesa-Chandler, AZ
• Population (ZIP): 40,780
• Household income: $92,851
• Rent vs Own: 51.5% rent · 48.5% own
• Severe rent burden: 2259.0

Population outlook (Maricopa County) Hauer SSP2

• Today (2025): 4,979,203 people
• By 2030: 5,378,229 · +8.0%
• By 2040: 6,156,598 · +23.6%
• By 2050: 6,872,376 · +38.0%
• By 2075: 8,401,270 · +68.7%
• By 2100: 9,247,439 · +85.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Hispanic / Latino 14% Two or more races 10% Asian 2% Black 2%
• Hispanic origin (detail): Mexican 11%
• Common ancestry: Italian 5% Romanian 3% Portuguese 3%
• Foreign-born: 9% · Canada
• Languages at home: 88% English-only · Spanish 7% Other Indo-European 2% French/Haitian/Cajun 1%

Political lean MEDSL · Maricopa

• 2024 margin: Toss-up / Even · D 47.7% · R 51.2% · Other 1.1%
• 2008→2024 swing: +7.1pp toward D · 2008: -10.6pp · 2024: -3.5pp
• All cycles: 2024: R+3.5 2020: D+2.2 2016: R+3.5 2012: R+12.0 2008: R+10.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -672.80%
• Current HPI: 372.433
• Rent YoY: ▼ -1.58%
• Metro: Phoenix-Mesa-Chandler, AZ
• State GDP YoY: ▲ 4.54%
• F500 in state: 20

Industry mix (Fortune 500 HQ in AZ)

Industry	F500 HQs	Revenue
▸Technology	2	$13B
▸Mining / Metals	1	$23B
▸Environmental Services	1	$16B
▸Metals / Steel	1	$14B
▸Technology Distribution	1	$9B
▸Homebuilding	1	$8B

Price history

+311.2% since first listed

12 events — show timeline

• 2026-06-02 Listed $220,000 ARMLS
• 2015-01-12 Sold (Public Records) $75,000 Public Records
• 2011-12-23 Sold (MLS) $49,800 ARMLS
• 2011-11-15 Pending — ARMLS
• 2011-09-20 Contingent — ARMLS
• 2011-08-31 Listed $49,800 ARMLS
• 2005-03-22 Sold (Public Records) $126,000 Public Records
• 2005-03-18 Sold (MLS) $126,000 ARMLS
• 2005-02-17 Listing Removed — ARMLS
• 2005-02-14 Listed $128,900 ARMLS
• 1995-02-03 Sold (Public Records) $53,500 Public Records
• 1995-02-03 Sold (Public Records) $53,500 Public Records

Property tax history

-1.7%/yr

Latest (2025): $531 · +4.4% YoY. Source: county tax records.