7401 N Scottsdale Rd #24 · Scottsdale, AZ
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (shaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $610 – $1,132
Heat risk 8/10 · Major
- Hot days now (above 111°F)
- 6 days/yr
- Hot days in 30 yrs
- 15 days/yr
Wind risk 1/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 2 days/yr
- Unhealthy air days in 30 yrs
- 3 days/yr
Risk factors via First Street. Map © Google.
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 +13.9/30.0
- Appreciation +10.0/10.0
- ARV discount +7.5/15.0
- Schools +5.1/10.0
- Rent growth +4.7/5.0
- 1% rule +4.4/10.0
- DSCR +4.2/10.0
- Livability +4.0/5.0
- Condition / age +4.0/5.0
$549,900
7401 N Scottsdale Rd #24 · Scottsdale, AZ 85253
3 bd · 3.0 ba · 2,351 sqft · Condo
public records
· 37 Days on market
Built 1975
$234/sqft
· 55% below area
$752/mo HOA · 15% of rent
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks
Updated Shores residence located close to top shops & fine dining, with optional access to all The McCormick offers, & the public McCormick Ranch golf course on the lake. Camelback Country Club is across Scottsdale Rd. Fantastic shopping & dining are a short walk or drive, plus the upcoming redo of the Chart House next door by the Mastro's founders, and redevelopment of the Forever Living complex across the Lake. Glass panels in the upstairs hall open the space to light & mountain, lake & golf views. Custom power shades, tasteful flooring, fixtures & beautiful RH lighting make this special, with elegant bathrooms, kitchen & bar.
Key facts
- Custom power shades
- $752 HOA
- 2 parking spots
Tags
Neighborhood map
Sold within
Property
Rental comp
Retail
Costco
Walmart
Transit
Schools
Stadiums
Fortune 500
· Circle radius: 6.0 mi
Loading POIs…
What this means for you Summary
Snapshot
- This is a 3-bed/3.0-bath condo listed at $550k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $62 ($744/yr) — positive.
- The deal already cash-flows at list — no discount required.
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $515k (6.3% below list).
- Recommended offer: $515k (6.3% below list) — sets the bar for 1% rule.
- Cap rate 6.4% vs local median 2.6% 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 (+8.6%/yr); 518 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 92d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 72% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 36,011 units permitted in Maricopa County in 2024 (12,801 in 5+ unit buildings).
- This rent runs 33% of the median local income ($185k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.
Forward outlook
- In year one you build about $59k of equity ($4k loan paydown + $55k appreciation (10.0% local appreciation)).
- Maricopa County population projected at +38% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
- At projected returns (10.0% appreciation + 8.0% rent growth), your $154k cash investment doubles in ~3 years — after that, you're playing with house money.
- By year 2, paydown + projected appreciation supports a ~$95k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.
Negotiation context
- It's been on market 37 days — a 3% lower offer ($533k) is reasonable based on typical stale-listing flexibility.
- 7 sale attempts since 3y ago; this cycle's ask has dropped $50k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
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
$515,406
(6.3% below list)
Questions for the listing agent
- It's been on market 37 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
- Built in 1975 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- 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?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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.
- 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.
- 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
- 0.94% ✗
- Cap rate
- 6.43%
- Cash-on-cash
- 0.48%
- DSCR
- 1.02
- GRM
- 8.9
CMA / ARV
- ARV (median comp)
- $1,246,770
- List price
- $549,900
- Delta
- -55.89%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 7500 E Mccormick Pkwy #47 | 0.42mi | 2/2.0 (-1) | 2,308 (-2%) | 0mo | $1,665,000 | $721 | 68 |
| 7847 E Via DE Belleza -- | 0.94mi | 3/2.0 | 2,331 (-1%) | 0mo | $778,000 | $334 | 59 |
| 7736 E Bisbee Rd | 0.60mi | 3/3.0 | 2,608 (+11%) | 0mo | $1,000,000 | $383 | 54 |
| 8547 N Woodland Ct | 1.11mi | 3/2.5 | 2,481 (+6%) | 1mo | $1,272,000 | $513 | 53 |
| 8712 N 73rd Way | 1.24mi | 3/3.0 | 2,564 (+9%) | 0mo | $1,320,000 | $515 | 50 |
| 7404 N Yuma Rd | 0.53mi | 2/2.0 (-1) | 2,110 (-10%) | 0mo | $700,000 | $332 | 49 |
| 8323 E Via DE LA Escuela -- | 1.30mi | 3/2.0 | 2,112 (-10%) | 0mo | $915,000 | $433 | 44 |
| 7655 N 78th St | 0.67mi | 3/2.0 | 1,813 (-23%) | 0mo | $1,125,000 | $621 | 40 |
| 7062 N Via DE Los Ninos -- | 1.47mi | 3/2.5 | 2,707 (+15%) | 0mo | $1,370,000 | $506 | 38 |
| 7302 E Rose Ln | 1.30mi | 3/2.0 | 2,722 (+16%) | 0mo | $725,000 | $266 | 36 |
| 8655 N Farview Dr | 1.26mi | 4/3.5 (+1) | 2,770 (+18%) | 0mo | $1,770,000 | $639 | 33 |
| 7702 N Via Camello Del Norte -- | 1.15mi | 2/2.0 (-1) | 1,890 (-20%) | 1mo | $855,000 | $452 | 30 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
10.0% appreciation · 8.0% rent growth · sell at horizon
5-year hold
- IRR
- 26.5%
- Equity multiple
- 3.15×
- Total profit
- $330,884
- Equity at exit
- $495,393
10-year hold
- IRR
- 24.7%
- Equity multiple
- 7.75×
- Total profit
- $1,039,181
- Equity at exit
- $1,068,335
Cash invested: $153,972 (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.
ZIP-level market 85253
- Home prices YoY
- 4.2%
- Rents YoY
- 8.6%
- Active inventory
- 518
- Price-to-rent
- 8.9×
Monthly cashflow live
↻
- Estimated rent
- $5,154 high interval (Pro) →
- Mortgage (P&I)
- −$2,884
- Tax from tax record
- −$145 /mo · $1,738/yr
- Insurance
- −$229
- HOA
- −$752
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$1,082
- Net cashflow
- $62
Break-even live
Break-even rent
$5,076
Max offer price
$549,900
Occupancy floor
94%
Sensitivity live
| Price | -10% $373 | -5% $218 | +0% $62 | +5% $-94 | +10% $-249 |
|---|---|---|---|---|---|
| Rent | -10% $-345 | -5% $-142 | +0% $62 | +5% $266 | +10% $469 |
| Rate | -1.0pp $339 | -0.5pp $202 | base $62 | +0.5pp $-80 | +1.0pp $-225 |
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
- $137,475
- Closing costs
- $16,497
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 7401 N Scottsdale Rd Paradise Valley, AZ | 3.0 | 2.0–2.5 | 2030 | $5,700 | $2.81 | 34d | 2 | 0.02mi |
| 7401 N Scottsdale Rd Paradise Valley, AZ | 3.0 | 2.0–2.5 | 1930 | $2,650 | $1.37 | 79d | 2 | 0.02mi |
| 7401 N Scottsdale Rd Paradise Valley, AZ | 3.0 | 2.0–2.5 | 2351 | $5,000 | $2.13 | 13d | 2 | 0.02mi |
| 7401 N Scottsdale Rd #49 Paradise Valley, AZ | 4.0 | 3.5 | 2351 | $3,000 | $1.28 | 51d | 1 | 0.02mi |
| 7614 E Gila Bend Rd Scottsdale, AZ | 3.0 | 3.0 | 2608 | $6,900 | $2.65 | 184d | 1 | 0.45mi |
| 7646 E Miami Rd Scottsdale, AZ | 3.0 | 3.0 | 2608 | $5,250 | $2.01 | 10d | 1 | 0.52mi |
| 7270 E Loma Ln Scottsdale, AZ | 4.0 | 3.0 | 2296 | $5,500 | $2.40 | 129d | 1 | 0.58mi |
| 7771 E Foxmore Ln Scottsdale, AZ | 4.0 | 2.5 | 2419 | $3,750 | $1.55 | 63d | 1 | 0.62mi |
| 7238 E Joshua Tree Ln Scottsdale, AZ | 2.0 | 2.0 | 2033 | $3,350 | $1.65 | 134d | 1 | 0.64mi |
| 6842 N 72nd Pl Scottsdale, AZ | 3.0 | 2.0 | 2300 | $7,500 | $3.26 | 184d | 1 | 0.66mi |
| 6842 N 72nd Pl Scottsdale, AZ | 3.0 | 2.0 | 2300 | $7,500 | $3.26 | 91d | 1 | 0.66mi |
| 7773 E Stallion Rd Scottsdale, AZ | 3.0 | 2.0 | 1812 | $4,000 | $2.21 | 165d | 1 | 0.68mi |
| 7218 E Harmont Dr Scottsdale, AZ | 3.0 | 2.0 | 2045 | $5,499 | $2.69 | 7d | 1 | 0.68mi |
| 6834 N 72nd Pl Scottsdale, AZ | 3.0 | 2.0 | 2300 | $7,500 | $3.26 | 139d | 1 | 0.68mi |
| 6834 N 72nd Pl Scottsdale, AZ | 3.0 | 2.0 | 2300 | $7,500 | $3.26 | 10d | 1 | 0.68mi |
| 7799 E Oakshore Dr Scottsdale, AZ | 2.0 | 2.0 | 1813 | $10,000 | $5.52 | 184d | 1 | 0.69mi |
| 6819 N 73rd St Scottsdale, AZ | 2.0 | 2.0 | 2032 | $6,000 | $2.95 | 184d | 1 | 0.70mi |
| 6819 N 73rd St Scottsdale, AZ | 2.0 | 2.0 | 2032 | $6,000 | $2.95 | 91d | 1 | 0.70mi |
| 7825 E San Carlos Rd Scottsdale, AZ | 3.0 | 3.0 | 2382 | $5,800 | $2.43 | 63d | 1 | 0.71mi |
| 7888 N Pinesview Dr Scottsdale, AZ | 3.0 | 2.5 | 1892 | $3,100 | $1.64 | 107d | 1 | 0.72mi |
| 7819 E Via Rio Scottsdale, AZ | 3.0 | 2.0 | 2053 | $8,200 | $3.99 | 10d | 1 | 0.81mi |
| 6587 N Palmeraie Blvd #2015 Paradise Valley, AZ | 2.0 | 2.5 | 1926 | $18,000 | $9.35 | 10d | 1 | 0.83mi |
| 6587 N Palmeraie Blvd #2003 Paradise Valley, AZ | 2.0 | 2.5 | 2100 | $13,500 | $6.43 | 184d | 1 | 0.83mi |
| 6587 N Palmeraie Blvd #1042 Paradise Valley, AZ | 2.0 | 2.0 | 2100 | $13,500 | $6.43 | 115d | 1 | 0.83mi |
| 6587 N Palmeraie Blvd #3022 Paradise Valley, AZ | 3.0 | 3.5 | 3202 | $25,000 | $7.81 | 148d | 1 | 0.83mi |
| 6587 N Palmeraie Blvd Paradise Valley, AZ | 3.0 | 4.0 | 2959 | $20,000 | $6.76 | 10d | 1 | 0.83mi |
| 6587 N Palmeraie Blvd #3004 Paradise Valley, AZ | 3.0 | 3.5 | 3191 | $25,000 | $7.83 | 10d | 1 | 0.83mi |
| 6587 N Palmeraie Blvd #3004 Paradise Valley, AZ | 3.0 | 3.5 | 3191 | $25,000 | $7.83 | 48d | 1 | 0.83mi |
| 6587 N Palmeraie Blvd Paradise Valley, AZ | 2.0 | 3.0 | 1926 | $18,000 | $9.35 | 7d | 1 | 0.83mi |
| 6587 N Palmeraie Blvd Paradise Valley, AZ | 3.0 | 4.0 | 2959 | $20,000 | $6.76 | 51d | 1 | 0.83mi |
| 7643 E Via del Placito Scottsdale, AZ | 4.0 | 3.5 | 3289 | $9,975 | $3.03 | 135d | 1 | 0.86mi |
| 7844 E Via Marina Scottsdale, AZ | 3.0 | 2.0 | 1954 | $3,400 | $1.74 | 113d | 1 | 0.86mi |
| 7500 N Via Camello del Sur Scottsdale, AZ | 3.0 | 2.0 | 2295 | $4,500 | $1.96 | 184d | 1 | 0.92mi |
| 7506 N Via Camello del Sur Scottsdale, AZ | 2.0 | 2.0 | 2130 | $6,500 | $3.05 | 10d | 1 | 0.93mi |
| 7322 E Sierra Vista Dr Scottsdale, AZ | 3.0 | 4.0 | 2854 | $10,500 | $3.68 | 184d | 1 | 0.93mi |
| 7578 E Tuckey Ln Scottsdale, AZ | 2.0 | 2.0 | 1888 | $4,500 | $2.38 | 63d | 1 | 0.95mi |
| 7513 N Via Camello del Sur Scottsdale, AZ | 2.0 | 2.0 | 1890 | $3,095 | $1.64 | 165d | 1 | 0.95mi |
| 7621 E Via de Lindo Scottsdale, AZ | 2.0 | 2.0 | 1665 | $3,800 | $2.28 | 101d | 1 | 0.96mi |
| 7519 N Via Camello del Sur Scottsdale, AZ | 2.0 | 2.0 | 1890 | $3,750 | $1.98 | 184d | 1 | 0.96mi |
| 7618 N Via Camello del Sur Scottsdale, AZ | 2.0 | 2.0 | 1812 | $5,995 | $3.31 | 10d | 1 | 0.96mi |
Property features AI
Finance
- Financial info
- Current financing: Conventional
- HOA & community
- Monthly association dues ($730.37) plus an annual fee ($260)HOA covers roof repair and replacement, insurance, sewer, pest control, cable TV, grounds maintenance, street maintenance, front yard maintenance, trash, water, exterior maintenance and other items (see remarks)Community amenities include golf, pickleball, tennis, lake access and biking/walking paths; near bus stop
Exterior
- Parking
- Detached carport with 2 covered/carport spacesAssigned parking in community structure
- Utilities
- Public sewer
- Home design
- Attached townhouseFee simple ownership
- Construction
- Stucco and painted block constructionBuilt-up roof
- Exterior features
- BalconyPrivate streetsOn-site storageTennis courtsWaterfront lot with golf course, lake and mountain viewsGravel/stone front and grass back yard
Interior
- Kitchen
- Built-in microwaveNon-laminate countersReverse osmosis / water purifierDishwasherElectric cooktopDisposalRefrigerator
- Bedrooms
- Up to 4 possible bedrooms (includes upstairs bedroom options)
- Flooring
- Tile flooring
- Bathrooms
- 2 full bathrooms1 half bathroom
- Heating & cooling
- Electric heatingCentral air conditioningCeiling fans
- Interior features
- High ceilings (9+ flat ceilings, vaulted ceiling)Eat-in kitchen with breakfast bar and kitchen islandWet barFull bath in master bedroomSkylights and low-emissivity, dual pane, tinted windows with solar screensFurnished (see remarks)Tankless hot water heater
- Laundry & utility
- Washer and dryer includedLaundry located inside
HOA detail $752/mo · $9,024/yr condo
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 50 events
-
2026-11-08days on market $549,900 Active 37 DOM
-
2026-11-07days on market $549,900 Active 36 DOM
-
2026-11-06days on market $549,900 Active 35 DOM
-
2026-11-05days on market $549,900 Active 34 DOM
-
2026-11-04days on market $549,900 Active 33 DOM
-
2026-11-02days on market $549,900 Active 31 DOM
-
2026-11-01days on market $549,900 Active 30 DOM
-
2026-10-31days on market $549,900 Active 29 DOM
-
2026-10-30days on market $549,900 Active 28 DOM
-
2026-10-29days on market $549,900 Active 27 DOM
-
2026-10-28days on market $549,900 Active 26 DOM
-
2026-10-27days on market $549,900 Active 25 DOM
-
2026-10-26days on market $549,900 Active 24 DOM
-
2026-10-26days on market $549,900 Active 23 DOM
-
2026-10-24days on market $549,900 Active 22 DOM
-
2026-10-23days on market $549,900 Active 21 DOM
-
2026-10-22days on market $549,900 Active 20 DOM
-
2026-10-21days on market $549,900 Active 19 DOM
-
2026-10-20days on market $549,900 Active 18 DOM
-
2026-10-19days on market $549,900 Active 17 DOM
-
2026-10-18days on market $549,900 Active 16 DOM
-
2026-10-17days on market $549,900 Active 15 DOM
-
2026-10-16days on market $549,900 Active 14 DOM
-
2026-10-15days on market $549,900 Active 13 DOM
-
2026-10-14days on market $549,900 Active 12 DOM
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2026-10-13days on market $549,900 Active 11 DOM
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2026-10-13price $549,900 Active 10 DOM
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2026-10-12days on market $599,900 Active 10 DOM
-
2026-10-11days on market $599,900 Active 9 DOM
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2026-10-10days on market $599,900 Active 8 DOM
-
2026-10-09days on market $599,900 Active 7 DOM
-
2026-10-08days on market $599,900 Active 6 DOM
-
2026-10-07days on market $599,900 Active 5 DOM
-
2026-10-06days on market $599,900 Active 4 DOM
-
2026-10-05days on market $599,900 Active 3 DOM
-
2026-10-04days on market $599,900 Active 2 DOM
-
2026-10-03pricedays on market $599,900 Active 1 DOM
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2026-06-30days on market $529,900 Active 176 DOM
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2026-06-29days on market $529,900 Active 175 DOM
-
2026-06-28days on market $529,900 Active 174 DOM
-
2026-06-27days on market $529,900 Active 173 DOM
-
2026-06-26days on market $529,900 Active 172 DOM
-
2026-06-24days on market $529,900 Active 170 DOM
-
2026-06-22days on market $529,900 Active 168 DOM
-
2026-06-21days on market $529,900 Active 167 DOM
-
2026-06-18days on market $529,900 Active 164 DOM
-
2026-06-17days on market $529,900 Active 163 DOM
-
2026-06-16days on market $529,900 Active 162 DOM
-
2026-06-15days on market $529,900 Active 161 DOM
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2026-06-13days on market $529,900 Active 159 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
- $1,738 · $145/mo
- Projected year-2 tax
- $3,629 · $302/mo
- Expected delta
- +$1,891/yr (+$158/mo · 108.8%)
ⓘ 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 1/10 Low
- Heat 8/10 Severe 6 d/yr ≥111°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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $61,849
- − Mortgage interest
- −$30,803
- − Property taxes
- −$1,738
- − Insurance
- −$2,750
- − Repairs & maintenance
- −$4,948
- − Management
- −$4,948
- − HOA
- −$9,024
- − Depreciation
- −$15,997
- Taxable loss
- −$8,359
combined federal + state — saved on this device
- Est. tax savings @ 24.0%
- +$2,006
- After-tax cash flow
- $2,750/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.
Condition & rehab AI · 9 photos
80/100
Cosmetic rehab
Est. rehab $11,755–$35,265 screening
This townhouse is in good condition with modern updates and a good location. It is ready for a new owner or tenant.
Value-add opportunities
- Resale Paint exterior walls — Enhances curb appeal ↑
- Rental Trim landscaping — Improves curb appeal and enhances property value ↑
ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.
D
Composite school gradezoned avg 51/100
Zoned Schools
Elementary
Kiva Elementary School
B+
AZ #79/1,109
Nat'l #4,825/41,679
Middle
Mohave Middle School
D+
AZ #43/218
Nat'l #4,335/14,009
High
Saguaro High School
F
AZ #78/381
Nat'l #8,724/17,239
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
A
Composite livability gradescore 80/100
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 · 4,979,203 people
- City population
- 290,846
- Metro
- Phoenix-Mesa-Chandler, AZ
- Population (ZIP)
- 17,904
- Household income
- $184,979
- Rent vs Own
- Severe rent burden
- 5% of renters
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 11% Two or more races 9% Asian 5% Pacific Islander 2%
- Hispanic origin (detail)
- Mexican 8%
- Languages at home
- 85% English-only · Spanish 5% Other Indo-European 4% Other Asian/Pacific 2%
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
- ▲ 16.95%
- Current HPI
- 416.0855
- Rent YoY
- ▲ 8.63%
- 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 |
|
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| Mining / Metals | 1 | $23B |
|
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| Environmental Services | 1 | $16B |
|
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| Metals / Steel | 1 | $14B |
|
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| Technology Distribution | 1 | $9B |
|
||
| Homebuilding | 1 | $8B |
|
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Price history
+208.9% since first listed38 events — show timeline
- 2026-10-12 Price Changed $549,900 ARMLS
- 2026-10-02 Listed $599,900 ARMLS
- 2026-07-01 Listing Removed — ARMLS
- 2026-05-29 Contingent — ARMLS
- 2026-05-28 Listing Removed — ARMLS
- 2026-05-18 Price Changed $529,900 ARMLS
- 2026-05-11 Price Changed $575,000 ARMLS
- 2026-05-01 Price Changed $599,000 ARMLS
- 2026-04-10 Price Changed $604,000 ARMLS
- 2026-02-26 Price Changed $624,900 ARMLS
- 2026-02-20 Price Changed $649,900 ARMLS
- 2026-02-12 Price Changed $689,500 ARMLS
- 2026-01-05 Listed $695,000 ARMLS
- 2025-12-16 Listing Removed — ARMLS
- 2025-11-06 Price Changed $699,000 ARMLS
- 2025-10-15 Price Changed $725,000 ARMLS
- 2025-09-17 Listed $750,000 ARMLS
- 2025-08-01 Listing Removed — ARMLS
- 2025-05-27 Price Changed $750,000 ARMLS
- 2025-04-28 Price Changed $759,000 ARMLS
- 2025-04-09 Listed $775,000 ARMLS
- 2025-03-28 Listing Removed — ARMLS
- 2025-03-18 Price Changed $779,000 ARMLS
- 2025-03-06 Price Changed $785,000 ARMLS
- 2025-02-26 Price Changed $800,000 ARMLS
- 2025-02-12 Listed $850,000 ARMLS
- 2025-02-03 Listing Removed — ARMLS
- 2024-12-19 Price Changed $778,000 ARMLS
- 2024-11-25 Price Changed $779,000 ARMLS
- 2024-11-21 Price Changed $795,000 ARMLS
- 2024-10-30 Listed $800,000 ARMLS
- 2023-07-12 Sold (MLS) $600,000 ARMLS
- 2023-06-27 Pending — ARMLS
- 2023-06-06 Contingent — ARMLS
- 2023-06-02 Price Changed $600,000 ARMLS
- 2023-05-05 Listed $650,000 ARMLS
- 1998-05-01 Sold (Public Records) $198,000 Public Records
- 1987-03-06 Sold (Public Records) $178,000 Public Records
Property tax history
-2.1%/yrLatest (2025): $1,738 · +4.2% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…