7430 E Chaparral Rd Unit A216 · Scottsdale, AZ 85250

$1

1 bd · 1.0 ba · 697 sqft · Condo public records · 21 Days on market

Built 1975 $348/mo HOA · 18% of rent

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Why this score? — see what drove the D+ 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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +4.8/10.0
• Livability +4.0/5.0
• Rent growth +3.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Affordable and Extremly Safe and Convenient! Evening Courtesy Patrol Included with HOA. Lovely grounds- very well maintained- Mature Landscaping with Creek and Pleasant Views! Heated Community Pool and Spa! Covered Parking, Laundry Facilities, and Mail Boxes are all Close by. This home offers spacious rooms that are Light & Bright- Its just right! Professional on sight Management Year Round. Assistive Dogs only. FYI- all leases must be a minimum of one month. This is priced to sell to settle an estate. BLT= Better Look Twice! Thank You for Your interest and Have a Great 2008!

Key facts

• $348 HOA
• Parking
• Community pool

Property features AI

Finance

• HOA & community: Monthly association fee (includes roof repair/replacement, exterior maintenance, insurance, sewer, water, trash, street and grounds maintenance); Association restricts visible trucks, trailers, RVs and boats; Community pool and heated spa; Community laundry (coin-op)

Exterior

• Parking: Assigned parking; 1 covered parking space; 1 carport space
• Utilities: City water; Public sewer
• Home design: Condominium apartment; Attached property
• Construction: Stucco and wood frame construction; Painted exterior; Built-up roof
• Exterior features: Balcony; Storage; No fencing listed

Interior

• Kitchen: Laminate counters; Disposal
• Bedrooms: 1 possible bedroom
• Flooring: Carpet; Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Full bath in the master bedroom; Laminate counters; Disposal
• Laundry & utility: Community/coin laundry; No in-unit laundry

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $1.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $1).
• Cap rate 1372705.5% 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: Kiva Elementary School (math 66% / reading 67%, grade B+, #79 of 1,109 statewide, top 7%, 527 students, 10% FRL); Mohave Middle School (math 45% / reading 48%, grade D+, #43 of 218 statewide, top 20%, 799 students, 31% FRL); Saguaro High School (math 37% / reading 41%, grade F, #78 of 381 statewide, top 20%, 1,466 students, 25% FRL) — zoned schools at 22% FRL track the district average.
• Market conditions: Rents rising fast (+5.2%/yr); 203 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 5d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 36,011 units permitted in Maricopa County in 2024 (12,801 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $0 of loan paydown is wiped out by about $0 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.
• At projected returns (-3.0% appreciation + 5.2% rent growth), your $0 cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($0) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 18y 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.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 6→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $1

Questions for the listing agent

1. Built in 1975 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. 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.
8. 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.
9. 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: 188851.00% ✓
• Cap rate: 1372705.48%
• Cash-on-cash: 4902497.10%
• DSCR: 218134.53
• GRM: 0.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 5.17% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 276112.65×
• Total profit: $77,311
• Equity at exit: $0

10-year hold

• IRR: —
• Equity multiple: 643541.69×
• Total profit: $180,191
• Equity at exit: $0

Cash invested: $0 (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 85250

• Rents YoY: 5.2%
• Active inventory: 203

Monthly cashflow live

• Estimated rent: $1,889 high
• Mortgage (P&I): −$0
• Tax est. 1.5%: −$0 /mo · $0/yr
• Insurance: −$0
• HOA: −$348
• Vacancy / Maint / Mgmt: −$397
• Net cashflow: $1,144

Break-even live

Break-even rent $441

Max offer price $1

Occupancy floor 34%

Sensitivity live

Price	-10% $1,144	-5% $1,144	+0% $1,144	+5% $1,144	+10% $1,144
Rent	-10% $995	-5% $1,069	+0% $1,144	+5% $1,219	+10% $1,293
Rate	-1.0pp $1,144	-0.5pp $1,144	base $1,144	+0.5pp $1,144	+1.0pp $1,144

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: $0
• Closing costs: $0
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7430 E Chaparral Rd Scottsdale, AZ	1.0–2.0	1.0–2.0	862	$1,300	$1.51	3d	4	0.01mi
7436 E Chaparral Rd Scottsdale, AZ	1.0–2.0	1.0–2.0	790	$1,399	$1.77	4d	6	0.07mi
7436 E Chaparral Rd Scottsdale, AZ	1.0–2.0	1.0–2.0	790	$1,800	$2.28	19d	3	0.07mi
4924 N Woodmere Fairway Unit 1 Scottsdale, AZ	1.0	1.0	650	$2,000	$3.08	25d	1	0.08mi
4950 N Miller Rd Scottsdale, AZ	1.0	1.0	726	$1,425	$1.96	0d	2	0.17mi
4950 N Miller Rd Scottsdale, AZ	1.0	1.0	726	$1,388	$1.91	17d	3	0.17mi
4950 N Miller Rd #339 Scottsdale, AZ	1.0	1.0	726	$1,800	$2.48	25d	1	0.18mi
4625 N 73rd St Unit 1001 Scottsdale, AZ	2.0	2.0	700	$2,795	$3.99	15d	1	0.40mi
4735 N Scottsdale Rd Scottsdale, AZ	1.0–2.0	1.0–2.0	991	$1,999	$2.02	2d	14	0.40mi
4616 N 73rd St Scottsdale, AZ	3.0	1.0–2.0	1051	$2,912	$2.77	0d	20	0.41mi
7137 E Rancho Vista Dr Unit 1008 Scottsdale, AZ	1.0	1.0	702	$3,500	$4.99	0d	1	0.49mi
4848 N Goldwater Blvd Scottsdale, AZ	1.0–2.0	1.0–2.0	916	$1,766	$1.93	0d	37	0.51mi
7749 E Camelback Rd Scottsdale, AZ	1.0–2.0	1.0–2.0	924	$1,212	$1.31	0d	22	0.67mi
7979 E Camelback Rd Scottsdale, AZ	1.0–2.0	1.0–2.0	906	$1,145	$1.26	0d	26	0.82mi
4343 N 78th St Scottsdale, AZ	2.0	1.0–2.0	698	$1,302	$1.87	2d	12	0.83mi
7025 E Via Soleri Dr Scottsdale, AZ	—	1.0	599	$2,081	$3.47	25d	1	0.86mi
7025 E Via Soleri Dr Scottsdale, AZ	2.0	1.0–2.0	928	$3,503	$3.77	0d	17	0.86mi
6895 E Camelback Rd Scottsdale, AZ	3.0	1.0–3.0	1279	$3,665	$2.87	2d	59	0.92mi
4630 N 68th St Scottsdale, AZ	1.0–2.0	1.0–2.0	861	$1,395	$1.62	14d	5	0.93mi
4600 N 68th St Scottsdale, AZ	1.0–2.0	1.0–1.5	844	$2,500	$2.96	11d	3	0.93mi
4600 N 68th St Scottsdale, AZ	1.0–2.0	1.0–1.5	843	$2,200	$2.61	44d	4	0.93mi
4600 N 68th St Scottsdale, AZ	1.0–2.0	1.0–1.5	844	$1,695	$2.01	25d	4	0.93mi
4247 N 78th St Scottsdale, AZ	1.0	1.0	640	$1,250	$1.95	25d	1	0.93mi
4630 N 68th St Unit 1558632P Scottsdale, AZ	1.0	1.0	699	$1,781	$2.55	3d	1	0.95mi
4238 N Craftsman Ct Unit 1558681P Scottsdale, AZ	1.0	1.0	721	$2,422	$3.36	0d	1	0.95mi
4238 N Craftsman Ct Unit 1558688P Scottsdale, AZ	1.0	1.0	721	$2,191	$3.04	8d	1	0.95mi
4111 N Drinkwater Blvd Scottsdale, AZ	1.0–3.0	1.0–2.0	1016	$1,605	$1.58	0d	17	0.99mi
4140 N 78th St Scottsdale, AZ	1.0–2.0	1.0–2.0	875	$1,400	$1.60	4d	17	1.04mi
5995 N 78th St Scottsdale, AZ	1.0–2.0	1.0–2.0	761	$1,445	$1.90	0d	11	1.05mi
5995 N 78th St Scottsdale, AZ	1.0–2.0	1.0–3.5	761	$1,300	$1.71	44d	8	1.05mi
4120 N 78th St Scottsdale, AZ	1.0	1.0	711	$1,500	$2.11	15d	2	1.09mi
4120 N 78th St #204 Scottsdale, AZ	1.0	1.0	709	$1,800	$2.54	4d	1	1.09mi
5995 N 78th St Unit 101 Scottsdale, AZ	1.0	2.0	664	$2,800	$4.22	44d	1	1.13mi
4020 N Parkway Ave Scottsdale, AZ	1.0	1.0	550	$1,195	$2.17	25d	4	1.18mi
6901 E Main St Scottsdale, AZ	2.0	1.0–2.0	795	$2,672	$3.36	2d	6	1.32mi
7601 E 2nd St Scottsdale, AZ	1.0	1.0	752	$3,488	$4.64	4d	2	1.34mi
7601 E 2nd St Scottsdale, AZ	1.0	1.0	752	$4,000	$5.32	44d	2	1.34mi
7601 E 2nd St Scottsdale, AZ	1.0	1.0	752	$3,488	$4.64	25d	2	1.34mi
6961 E 1st St Unit 2 Scottsdale, AZ	2.0	1.0	500	$1,950	$3.90	25d	1	1.36mi
6811 E Main St Scottsdale, AZ	1.0–2.0	1.0–2.0	850	$2,145	$2.52	0d	6	1.37mi

HOA detail condo

• Monthly dues: $348 · $4,176/yr
• Likely covers: landscapingpool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 24 events

1. 2026-06-18
   days on market $1 Active 21 DOM
2. 2026-06-17
   days on market $1 Active 20 DOM
3. 2026-06-16
   days on market $1 Active 19 DOM
4. 2026-06-15
   days on market $1 Active 18 DOM
5. 2026-06-13
   days on market $1 Active 16 DOM
6. 2026-06-13
   days on market $1 Active 15 DOM
7. 2026-06-09
   days on market $1 Active 12 DOM
8. 2026-06-08
   days on market $1 Active 11 DOM
9. 2026-06-07
   days on market $1 Active 10 DOM
10. 2026-06-04
    days on market $1 Active 7 DOM
11. 2026-06-03
    days on market $1 Active 6 DOM
12. 2026-06-02
    days on market $1 Active 5 DOM
13. 2026-06-01
    days on market $1 Active 4 DOM
14. 2026-05-31
    days on market $1 Active 3 DOM
15. 2026-05-26
    listed $1 Active
16. 2023-05-15
    historical
17. 2023-04-21
    price $237,000
18. 2023-03-03
    listed $256,000 Active
19. 2008-02-29
    soldstatus $119,500
20. 2008-01-31
    soldstatus $119,500 586-char remark

    Show marketing remark (586 chars)

    Affordable and Extremly Safe and Convenient! Evening Courtesy Patrol Included with HOA. Lovely grounds- very well maintained- Mature Landscaping with Creek and Pleasant Views! Heated Community Pool and Spa! Covered Parking, Laundry Facilities, and Mail Boxes are all Close by. This home offers spacious rooms that are Light & Bright- Its just right! Professional on sight Management Year Round. Assistive Dogs only. FYI- all leases must be a minimum of one month. This is priced to sell to settle an estate. BLT= Better Look Twice! Thank You for Your interest and Have a Great 2008!

21. 2008-01-21
    historical 586-char remark

    Show marketing remark (586 chars)

    Affordable and Extremly Safe and Convenient! Evening Courtesy Patrol Included with HOA. Lovely grounds- very well maintained- Mature Landscaping with Creek and Pleasant Views! Heated Community Pool and Spa! Covered Parking, Laundry Facilities, and Mail Boxes are all Close by. This home offers spacious rooms that are Light & Bright- Its just right! Professional on sight Management Year Round. Assistive Dogs only. FYI- all leases must be a minimum of one month. This is priced to sell to settle an estate. BLT= Better Look Twice! Thank You for Your interest and Have a Great 2008!

22. 2008-01-04
    listed $124,000 586-char remark

    Show marketing remark (586 chars)

    Affordable and Extremly Safe and Convenient! Evening Courtesy Patrol Included with HOA. Lovely grounds- very well maintained- Mature Landscaping with Creek and Pleasant Views! Heated Community Pool and Spa! Covered Parking, Laundry Facilities, and Mail Boxes are all Close by. This home offers spacious rooms that are Light & Bright- Its just right! Professional on sight Management Year Round. Assistive Dogs only. FYI- all leases must be a minimum of one month. This is priced to sell to settle an estate. BLT= Better Look Twice! Thank You for Your interest and Have a Great 2008!

23. 1983-06-01
    soldstatus $68,000
24. 1982-01-05
    soldstatus $58,500

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 6 d/yr ≥112°F today · 15 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: $22,662
• − Mortgage interest: −$0
• − Property taxes: −$0
• − Insurance: −$0
• − Repairs & maintenance: −$1,813
• − Management: −$1,813
• − HOA: −$4,176
• − Depreciation: −$0
• Taxable income: $14,860
• Est. tax owed @ 24.0%: −$3,566
• After-tax cash flow: $10,161/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): 15,394
• Household income: $95,761
• Rent vs Own: 21.9% rent · 78.1% own
• Severe rent burden: 288.0

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 (78%)
• Race & ethnicity: White 78% Hispanic / Latino 8% Two or more races 8% Asian 5% Native American 2% Black 1%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Romanian 4% Portuguese 2% Lithuanian 2%
• Foreign-born: 10% · Canada, South Korea, Vietnam
• Languages at home: 91% English-only · Spanish 4% Other Indo-European 2% Russian/Polish/Slavic 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: ▼ -568.01%
• Current HPI: 385.5354
• Rent YoY: ▲ 5.17%
• 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

+305.1% since first listed

10 events — show timeline

• 2026-05-26 Listed $1 ARMLS
• 2023-05-15 Listing Removed — ARMLS
• 2023-04-21 Price Changed $237,000 ARMLS
• 2023-03-03 Listed $256,000 ARMLS
• 2008-02-29 Sold (Public Records) $119,500 Public Records
• 2008-01-31 Sold (MLS) $119,500 ARMLS
• 2008-01-21 Listing Removed — ARMLS
• 2008-01-04 Listed $124,000 ARMLS
• 1983-06-01 Sold (Public Records) $68,000 Public Records
• 1982-01-05 Sold (Public Records) $58,500 Public Records

Property tax history

-1.0%/yr

Latest (2025): $526 · +4.2% YoY. Source: county tax records.