4620 N 68th St #168 · Scottsdale, AZ 85251

$249,000

2 bd · 2.0 ba · 986 sqft · Condo public records · 12 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 +18.7/30.0
• ARV discount +7.5/15.0
• 1% rule +5.9/10.0
• DSCR +5.9/10.0
• 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

Greatest Scottsdale location. 2 Bedrooms 1.5 Baths. 2 Levels with both bedrooms and a full bath upstairs. The kitchen ''the heart of the townhome'' has charming white cabinetry with satin nickel hardware, SS appliances, SS single bowl kitchen sink and granite countertops. Designer wood-laminate floors throughout. Cozy dining area with pendant lighting. Near shopping, restaurants, Scottsdale Fashion Square, Art Walk, Old Town, the Waterfront and Museums. Great price for the location. Great opportunity for winter visitor, 2nd home or investor. 30 minutes from Sky Harbor and to Scottsdale Airport.

Key facts

• Open floor concept
• 4 heated pools
• Granite countertops

Tags

• UPDATED WHITE CABINETS
• STAINLESS STEEL APPLIANCES
• GRANITE COUNTERTOPS
• DESIGNER WOOD-LAMINATE FLOORS
• OPEN FLOOR CONCEPT
• 4 HEATED POOLS

Property features AI

Finance

• Other: Community laundry
• HOA & community: Monthly association fee (includes roof repair/replacement, insurance, sewer, pest control, grounds maintenance, street maintenance, front yard maintenance, trash, water, exterior maintenance); Land lease monthly fee

Exterior

• Parking: 1 open parking space; 1 covered space; Detached carport; Assigned and unassigned community parking structure
• Utilities: City water; Public sewer
• Home design: Condominium ownership; Apartment sub‑type; Attached property
• Construction: Stucco and wood frame construction; Painted exterior; Built-up roof
• Exterior features: Grass front yard; Grass back yard; Automatic watering timer front; Automatic watering timer back; No fencing; Mountain view; Pool; Near bus stop; Biking/walking path

Interior

• Kitchen: Refrigerator; Dishwasher; Garbage disposal; Built-in electric oven; Built-in microwave
• Bedrooms: Possible 2 bedrooms
• Flooring: Laminate; Vinyl
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Electric heating; Central air conditioning; Ceiling fan(s)
• Interior features: High-speed internet; Granite counters; Upstairs unit; Furnished (see remarks); Full bath in master bedroom
• Laundry & utility: Community laundry (see remarks)

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $249k.

Deal economics

• At list price, monthly cash flow is $247 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $249k).
• Cap rate 7.5% 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: 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

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 16y 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 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $249,000

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: 1.09% ✓
• Cap rate: 7.48%
• Cash-on-cash: 4.26%
• DSCR: 1.19
• GRM: 7.6

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: -13.4%
• Equity multiple: 0.53×
• Total profit: $-32,428
• Equity at exit: $37,127

10-year hold

• IRR: -10.6%
• Equity multiple: 0.45×
• Total profit: $-38,176
• Equity at exit: $21,529

Cash invested: $69,720 (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: 7.6×

Monthly cashflow live

• Estimated rent: $2,723 high
• Mortgage (P&I): −$1,306
• Tax from tax record: −$44 /mo · $531/yr
• Insurance: −$104
• HOA: −$450
• Vacancy / Maint / Mgmt: −$572
• Net cashflow: $247

Break-even live

Break-even rent $2,410

Max offer price $249,000

Occupancy floor 86%

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: $62,250
• Closing costs: $7,470
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4620 N 68th St Unit 1558641P Scottsdale, AZ	2.0	1.5	968	$2,323	$2.40	14d	1	0.01mi
4701 N 68th St Scottsdale, AZ	2.0	1.5–2.0	1079	$3,000	$2.78	17d	5	0.05mi
4701 N 68th St Scottsdale, AZ	2.0	1.5–2.0	1079	$3,000	$2.78	24d	4	0.05mi
4630 N 68th St Scottsdale, AZ	2.0	1.5–2.0	1003	$2,500	$2.49	14d	5	0.06mi
4630 N 68th St Scottsdale, AZ	2.0	1.5	986	$2,650	$2.69	43d	2	0.06mi
4630 N 68th St Scottsdale, AZ	1.0–2.0	1.0–2.0	861	$3,200	$3.72	14d	5	0.06mi
4630 N 68th St Scottsdale, AZ	2.0	1.5–2.0	1003	$2,525	$2.52	14d	4	0.06mi
4610 N 68th St Scottsdale, AZ	2.0	1.5	986	$4,118	$4.18	3d	2	0.08mi
4610 N 68th St Scottsdale, AZ	2.0–3.0	1.5–2.0	1136	$1,900	$1.67	24d	3	0.08mi
4630 N 68th St Unit 1558632P Scottsdale, AZ	1.0	1.0	699	$1,781	$2.55	3d	1	0.09mi
4600 N 68th St Unit 1558658P Scottsdale, AZ	2.0	1.5	979	$2,044	$2.09	12d	1	0.10mi
4600 N 68th St Unit 1558683P Scottsdale, AZ	2.0	1.5	979	$1,997	$2.04	5d	1	0.10mi
4600 N 68th St Scottsdale, AZ	1.0–2.0	1.0–1.5	844	$6,000	$7.11	10d	3	0.10mi
4600 N 68th St Scottsdale, AZ	1.0–2.0	1.0–1.5	843	$6,000	$7.11	43d	4	0.10mi
4600 N 68th St Scottsdale, AZ	1.0–2.0	1.0–1.5	844	$6,000	$7.11	24d	4	0.10mi
4800 N 68th St Scottsdale, AZ	1.0–2.0	1.0–2.0	1124	$5,500	$4.89	2d	5	0.11mi
4800 N 68th St Scottsdale, AZ	1.0–2.0	1.0–2.0	1098	$3,500	$3.19	43d	2	0.11mi
4610 N 68th St #479 Scottsdale, AZ	2.0	1.5	986	$6,500	$6.59	43d	1	0.13mi
4610 N 68th St Unit 1558642P Scottsdale, AZ	2.0	2.0	1097	$2,014	$1.84	3d	1	0.13mi
6895 E Camelback Rd Scottsdale, AZ	3.0	1.0–3.0	1279	$5,294	$4.14	1d	59	0.30mi
7117 E Rancho Vista Dr #2004 Scottsdale, AZ	2.0	2.0	1066	$3,699	$3.47	43d	1	0.34mi
7117 E Rancho Vista Dr #3003 Scottsdale, AZ	1.0	1.0	889	$2,695	$3.03	18d	1	0.34mi
7121 E Rancho Vista Dr #2009 Scottsdale, AZ	1.0	1.5	956	$1,900	$1.99	18d	1	0.36mi
4848 N Goldwater Blvd Scottsdale, AZ	1.0–2.0	1.0–2.0	916	$2,829	$3.09	1d	39	0.37mi
7131 E Rancho Vista Dr #5002 Scottsdale, AZ	2.0	2.0	1062	$2,999	$2.82	43d	1	0.39mi
7137 E Rancho Vista Dr #2004 Scottsdale, AZ	2.0	2.0	1097	$3,195	$2.91	5d	1	0.40mi
7137 E Rancho Vista Dr #2009 Scottsdale, AZ	1.0	1.5	952	$2,850	$2.99	20d	1	0.40mi
7137 E Rancho Vista Dr Scottsdale, AZ	1.0	1.0	780	$2,400	$3.08	43d	1	0.40mi
7137 E Rancho Vista Dr Scottsdale, AZ	2.0	2.0	1097	$3,195	$2.91	3d	1	0.40mi
7147 E Rancho Vista Dr #4009 Scottsdale, AZ	1.0	1.5	930	$2,795	$3.01	24d	1	0.43mi
7141 E Rancho Vista Dr #3011 Scottsdale, AZ	1.0	1.5	968	$4,500	$4.65	43d	1	0.44mi
7151 E Rancho Vista Dr #6009 Scottsdale, AZ	1.0	1.5	930	$2,850	$3.06	43d	1	0.46mi
7151 E Rancho Vista Dr #5004 Scottsdale, AZ	2.0	2.0	1055	$3,500	$3.32	7d	1	0.46mi
7157 E Rancho Vista Dr #5011 Scottsdale, AZ	1.0	1.5	952	$3,500	$3.68	5d	1	0.47mi
7157 E Rancho Vista Dr #3011 Scottsdale, AZ	1.0	1.5	952	$4,500	$4.73	43d	1	0.47mi
7025 E Via Soleri Dr Scottsdale, AZ	1.0	2.0	758	$2,995	$3.95	43d	1	0.50mi
7025 E Via Soleri Dr Scottsdale, AZ	2.0	1.0–2.0	928	$4,855	$5.23	1d	17	0.50mi
7161 E Rancho Vista Dr #1003 Scottsdale, AZ	1.0	1.0	1046	$7,400	$7.07	43d	1	0.51mi
4735 N Scottsdale Rd Scottsdale, AZ	1.0–2.0	1.0–2.0	991	$3,544	$3.58	1d	14	0.60mi
4818 N 73rd St Scottsdale, AZ	2.0	1.5	1075	$2,350	$2.19	14d	1	0.66mi

HOA detail condo

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

Listing history 10 events

1. 2026-06-18
   days on market $249,000 Active 12 DOM
2. 2026-06-17
   days on market $249,000 Active 11 DOM
3. 2026-06-16
   days on market $249,000 Active 10 DOM
4. 2026-06-15
   days on market $249,000 Active 9 DOM
5. 2026-06-13
   days on market $249,000 Active 7 DOM
6. 2026-06-13
   days on market $249,000 Active 6 DOM
7. 2026-06-09
   days on market $249,000 Active 3 DOM
8. 2026-06-08
   days on market $249,000 Active 2 DOM
9. 2026-06-07
   remarks 699-char remark
10. 2026-06-07
    listed $249,000 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: $1,643 · $137/mo
• Expected delta: +$1,112/yr (+$93/mo · 209.2%)

ⓘ 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 8/10 Severe 7 d/yr ≥111°F today · 17 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: $32,674
• − Mortgage interest: −$13,948
• − Property taxes: −$531
• − Insurance: −$1,245
• − Repairs & maintenance: −$2,614
• − Management: −$2,614
• − HOA: −$5,400
• − Depreciation: −$7,244
• Taxable loss: −$922
• Est. tax savings @ 24.0%: +$221
• After-tax cash flow: $3,188/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

+878.4% since first listed

22 events — show timeline

• 2026-06-06 Listed $249,000 ARMLS
• 2021-08-10 Sold (Public Records) $302,900 Public Records
• 2021-08-10 Sold (MLS) $302,900 ARMLS
• 2021-08-07 Pending — ARMLS
• 2021-07-22 Contingent — ARMLS
• 2021-07-19 Price Changed $299,999 ARMLS
• 2021-07-06 Price Changed $315,000 ARMLS
• 2021-06-25 Listed $320,000 ARMLS
• 2017-01-24 Sold (Public Records) $120,000 Public Records
• 2014-12-17 Sold (Public Records) $95,000 Public Records
• 2014-12-17 Sold (MLS) $95,000 ARMLS
• 2014-12-05 Contingent — ARMLS
• 2014-11-17 Price Changed $103,000 ARMLS
• 2014-09-30 Listed $115,000 ARMLS
• 2014-08-15 Listing Removed — ARMLS
• 2014-04-28 Price Changed $120,000 ARMLS
• 2014-02-27 Price Changed $125,000 ARMLS
• 2013-11-11 Listed $129,900 ARMLS
• 2010-05-25 Listing Removed — ARMLS
• 2010-04-09 Price Changed $84,900 ARMLS
• 2010-02-12 Listed $99,900 ARMLS
• 1976-06-01 Sold (Public Records) $25,450 Public Records

Property tax history

-1.7%/yr

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