20750 N 87th St #2092 · Scottsdale, AZ
Flood risk 1/10 · Minimal
- FEMA flood zone
- AO
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $848 – $2,087
Fire risk 4/10 · Minor
- Est. fire insurance / yr
- $610 – $1,132
Heat risk 8/10 · Major
- Hot days now (above 111°F)
- 7 days/yr
- Hot days in 30 yrs
- 18 days/yr
Wind risk 1/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 3 days/yr
- Unhealthy air days in 30 yrs
- 4 days/yr
Risk factors via First Street. Map © Google.
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 +9.3/30.0
- Appreciation +7.8/10.0
- Livability +4.0/5.0
- Schools +3.8/10.0
- ARV discount +3.7/15.0
- Rent growth +3.6/5.0
- 1% rule +2.8/10.0
- DSCR +2.6/10.0
- Condition / age +2.5/5.0
$775,000
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Stunning townhome right at the 18th hole located in the highly sought-after gated community of Encore at Grayhawk. Perfectly positioned on a premium lot, this home showcases breathtaking views of city lights, surrounding mountains, and the Grayhawk Talon Retreat Golf Course. The gourmet kitchen is thoughtfully designed with custom cabinetry featuring oil-rubbed bronze pulls, sleek quartz countertops, a stylish backsplash, breakfast bar, Lusso sink, GE Café appliances, and a 5-burner gas cooktop with griddle--ideal for both everyday living and entertaining. Additional highlights include freshly painted exterior, brand-new carpet, a cozy gas fireplace in the family room, a south-facing covered balcony to enjoy the views, and a spacious 2-car garage with durable epoxy flooring. The luxurious primary suite offers a generous walk-in closet and a spa-inspired bathroom complete with dual sinks, quartz counters, custom mirrors and fixtures, a relaxing soaking tub, and a frameless glass walk-in shower. Residents of the gated Encore community enjoy exceptional amenities, including a private access road, heated pool and spa, expansive BBQ area, fitness center, and a beautifully appointed clubhouse with a full kitchen and recreation space.
Key facts
- Gated community
- Custom cabinetry
- Breathtaking views
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/3.0-bath condo listed at $775k.
Deal economics
- At list price, monthly cash flow is $-684 ($-8k/yr) — negative.
- To cash-flow at today's rent, offer at most $654k (15.6% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $606k (21.9% below list).
- Recommended offer: $606k (21.9% below list) — sets the bar for 1% rule.
- Cap rate 5.4% 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.
- Paradise Valley Unified District (4241) (urban): math 39% / reading 46% proficiency, ranked #56 of 249 in AZ (top 22%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
- Market conditions: Rents rising fast (+4.4%/yr); 720 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% 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).
- At $6,056/mo this rent would consume 52% of the median local household income ($141k/yr) (locally 1034% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.
Forward outlook
- In year one you build about $49k of equity ($5k loan paydown + $44k appreciation (5.6% local appreciation)).
- Maricopa County population projected at +38% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
- By year 2, paydown + projected appreciation supports a ~$79k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.
Negotiation context
- It's been on market 90 days — a 6% lower offer ($728k) is reasonable based on typical stale-listing flexibility.
- 3 sale attempts since 11y 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
- Watch-outs: flood insurance adds $122/mo.
- Climate carrying-cost: in FEMA flood zone AO (mandatory federal flood insurance); extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
- It's been on market 90 days. Have you received any prior offers? Is the seller open to a 22% concession, seller financing, or rate buy-down credit?
- What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
- 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?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- 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?
- 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?
- 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
- 0.78% ✗
- Cap rate
- 5.42%
- Cash-on-cash
- -3.11%
- DSCR
- 0.86
- GRM
- 10.7
CMA / ARV
- ARV (median comp)
- $715,058
- List price
- $775,000
- Delta
- 8.38%
- Verdict
- FAIR
- Comps
- 20 within 1.0 mi
Projected returns pro-forma
5.64% appreciation · 4.42% rent growth · sell at horizon
- IRR
- 11.9%
- Equity multiple
- 1.80×
- Total profit
- $172,527
- Equity at exit
- $469,538
- IRR
- 13.3%
- Equity multiple
- 3.61×
- Total profit
- $565,558
- Equity at exit
- $836,646
Cash invested: $217,000 (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
ZIP-level market 85255
- Home prices YoY
- 1.7%
- Rents YoY
- 4.4%
- Active inventory
- 720
- Price-to-rent
- 10.7×
Monthly cashflow live
- Estimated rent
- $6,056 high interval (Pro) →
- Mortgage (P&I)
- −$4,064
- Tax from tax record
- −$399 /mo · $4,784/yr
- Insurance
- −$323
- Flood insurance flood zone
- −$122 /mo · $1,468/yr
- HOA
- −$560
- Vacancy / Maint / Mgmt
- −$1,272
- Net cashflow
- $-684
Break-even live
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
- $193,750
- Closing costs
- $23,250
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- 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 |
|---|---|---|---|---|---|---|---|---|
| 20750 N 87th St Scottsdale, AZ | 2.0–3.0 | 2.0–3.0 | 1930 | $7,500 | $3.89 | 22d | 9 | 0.13mi |
| 20750 N 87th St Scottsdale, AZ | 2.0–3.0 | 2.0–3.0 | 1930 | $7,500 | $3.89 | 24d | 8 | 0.13mi |
| 8882 E Flathorn Dr Scottsdale, AZ | 3.0 | 3.0 | 2390 | $8,000 | $3.35 | 44d | 1 | 0.27mi |
| 8891 E Mountain Spring Rd Scottsdale, AZ | 2.0 | 2.5 | 2431 | $5,500 | $2.26 | 4d | 1 | 0.28mi |
| 8890 E Flathorn Dr Scottsdale, AZ | 2.0 | 3.0 | 2431 | $8,000 | $3.29 | 22d | 1 | 0.28mi |
| 19475 N Grayhawk Dr Scottsdale, AZ | 2.0–4.0 | 2.0–3.5 | 2155 | $5,598 | $2.60 | 44d | 5 | 0.35mi |
| 20704 N 90th Pl Scottsdale, AZ | 2.0–3.0 | 2.0–3.5 | 1849 | $15,000 | $8.11 | 8d | 4 | 0.41mi |
| 9270 E Thompson Peak Pkwy Scottsdale, AZ | 3.0 | 3.0 | 2165 | $8,750 | $4.04 | 44d | 2 | 0.50mi |
| 19838 N 84th St Scottsdale, AZ | 3.0 | 3.0 | 2549 | $12,000 | $4.71 | 14d | 1 | 0.52mi |
| 20801 N 90th Pl Scottsdale, AZ | 2.0–3.0 | 2.0 | 1437 | $6,450 | $4.49 | 2d | 4 | 0.57mi |
| 20801 N 90th Pl Unit 01 Scottsdale, AZ | 3.0 | 2.0 | 1576 | $6,450 | $4.09 | 44d | 1 | 0.57mi |
| 8224 E Angel Spirit Dr Scottsdale, AZ | 3.0 | 2.0 | 2306 | $9,500 | $4.12 | 4d | 1 | 0.58mi |
| 8228 E Mohawk Ln Scottsdale, AZ | 2.0 | 2.0 | 2306 | $8,500 | $3.69 | 44d | 1 | 0.58mi |
| 8227 E Angel Spirit Dr Scottsdale, AZ | 3.0 | 2.0 | 2366 | $4,000 | $1.69 | 44d | 1 | 0.59mi |
| 8184 E Beardsley Rd Scottsdale, AZ | 2.0 | 2.5 | 2244 | $8,500 | $3.79 | 44d | 1 | 0.64mi |
| 20802 N Grayhawk Dr Scottsdale, AZ | 2.0–3.0 | 2.5 | 2030 | $8,000 | $3.94 | 44d | 4 | 0.65mi |
| 20802 N Grayhawk Dr Scottsdale, AZ | 2.0–3.0 | 2.5 | 2295 | $6,000 | $2.61 | 2d | 2 | 0.65mi |
| 8182 E Sierra Pinta Dr Scottsdale, AZ | 3.0 | 3.0 | 2476 | $3,950 | $1.60 | 44d | 1 | 0.66mi |
| 19550 N Grayhawk Dr Unit 1545664P Scottsdale, AZ | 2.0 | 2.0 | 1313 | $2,159 | $1.64 | 14d | 1 | 0.69mi |
| 8136 E Beardsley Rd Scottsdale, AZ | 2.0 | 2.5 | 2244 | $5,950 | $2.65 | 44d | 1 | 0.69mi |
| 19550 N Grayhawk Dr Scottsdale, AZ | 2.0–3.0 | 2.0–3.5 | 1814 | $7,150 | $3.94 | 44d | 4 | 0.71mi |
| 19330 N 88th Way Scottsdale, AZ | 4.0 | 2.5 | 2583 | $6,295 | $2.44 | 13d | 1 | 0.78mi |
| 8941 E Maple Dr Scottsdale, AZ | 2.0 | 2.0 | 1517 | $4,375 | $2.88 | 44d | 1 | 0.98mi |
| 19079 N 90th Pl Scottsdale, AZ | 3.0 | 3.0 | 1568 | $2,750 | $1.75 | 20d | 1 | 0.99mi |
| 20458 N 78th Way Scottsdale, AZ | 4.0 | 2.0 | 1834 | $4,500 | $2.45 | 24d | 1 | 1.04mi |
| 20394 N 78th St Scottsdale, AZ | 4.0 | 2.5 | 2441 | $8,500 | $3.48 | 44d | 1 | 1.07mi |
| 9116 E Siesta Ln Scottsdale, AZ | 3.0 | 2.0 | 1416 | $2,500 | $1.77 | 11d | 1 | 1.10mi |
| 7798 E Buteo Dr Scottsdale, AZ | 4.0 | 2.5 | 2575 | $4,600 | $1.79 | 5d | 1 | 1.11mi |
| 19047 N 91st Way Scottsdale, AZ | 3.0 | 2.5 | 2198 | $15,000 | $6.82 | 44d | 1 | 1.13mi |
| 7789 E Journey Ln Scottsdale, AZ | 3.0 | 2.0 | 1634 | $4,700 | $2.88 | 44d | 1 | 1.15mi |
| 20100 N 78th Pl Scottsdale, AZ | 2.0 | 2.0 | 1202 | $3,925 | $3.26 | 44d | 5 | 1.16mi |
| 20100 N 78th Pl Scottsdale, AZ | 1.0–2.0 | 1.0–2.0 | 1043 | $4,650 | $4.46 | 20d | 15 | 1.16mi |
| 20100 N 78th Pl Scottsdale, AZ | 1.0–2.0 | 1.0–2.0 | 1043 | $4,650 | $4.46 | 4d | 17 | 1.16mi |
| 9440 E Palm Tree Dr Scottsdale, AZ | 3.0 | 2.0 | 2242 | $3,695 | $1.65 | 44d | 1 | 1.17mi |
| 7746 E Nestling Way Scottsdale, AZ | 4.0 | 2.5 | 2575 | $3,995 | $1.55 | 44d | 1 | 1.19mi |
| 7743 E Nestling Way Scottsdale, AZ | 4.0 | 2.5 | 2440 | $9,000 | $3.69 | 44d | 1 | 1.19mi |
| 7729 E Tailspin Ln Scottsdale, AZ | 3.0 | 2.0 | 1634 | $3,400 | $2.08 | 8d | 1 | 1.19mi |
| 7725 E Journey Ln Scottsdale, AZ | 3.0 | 2.0 | 1882 | $4,250 | $2.26 | 5d | 1 | 1.21mi |
| 7689 E Quill Ln Scottsdale, AZ | 3.0 | 3.0 | 2319 | $8,000 | $3.45 | 44d | 1 | 1.26mi |
| 7711 E Thunderhawk Rd Scottsdale, AZ | 4.0 | 3.0 | 2538 | $3,895 | $1.53 | 15d | 1 | 1.26mi |
HOA detail condo
- Monthly dues
- $560 · $6,720/yr
- Likely covers
- gaspoolgymsecurity
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 28 events
-
2026-06-18days on market $775,000 Active 90 DOM
-
2026-06-17days on market $775,000 Active 89 DOM
-
2026-06-16days on market $775,000 Active 88 DOM
-
2026-06-15days on market $775,000 Active 87 DOM
-
2026-06-13days on market $775,000 Active 85 DOM
-
2026-06-13days on market $775,000 Active 84 DOM
-
2026-06-09days on market $775,000 Active 81 DOM
-
2026-06-08days on market $775,000 Active 80 DOM
-
2026-06-07days on market $775,000 Active 79 DOM
-
2026-06-04days on market $775,000 Active 76 DOM
-
2026-06-03days on market $775,000 Active 75 DOM
-
2026-06-02days on market $775,000 Active 74 DOM
-
2026-06-01days on market $775,000 Active 73 DOM
-
2026-05-31days on market $775,000 Active 72 DOM
-
2026-03-20$775,000 Active 1255-char remark
Show marketing remark (1255 chars)
Stunning townhome right at the 18th hole located in the highly sought-after gated community of Encore at Grayhawk. Perfectly positioned on a premium lot, this home showcases breathtaking views of city lights, surrounding mountains, and the Grayhawk Talon Retreat Golf Course. The gourmet kitchen is thoughtfully designed with custom cabinetry featuring oil-rubbed bronze pulls, sleek quartz countertops, a stylish backsplash, breakfast bar, Lusso sink, GE Café appliances, and a 5-burner gas cooktop with griddle--ideal for both everyday living and entertaining. Additional highlights include freshly painted exterior, brand-new carpet, a cozy gas fireplace in the family room, a south-facing covered balcony to enjoy the views, and a spacious 2-car garage with durable epoxy flooring. The luxurious primary suite offers a generous walk-in closet and a spa-inspired bathroom complete with dual sinks, quartz counters, custom mirrors and fixtures, a relaxing soaking tub, and a frameless glass walk-in shower. Residents of the gated Encore community enjoy exceptional amenities, including a private access road, heated pool and spa, expansive BBQ area, fitness center, and a beautifully appointed clubhouse with a full kitchen and recreation space.
-
2021-04-04soldstatus $700,000 Closed 942-char remark
Show marketing remark (942 chars)
Absolutely gorgeous condo townhome located in the sought after Encore at Grayhawk gated community. Situated on an ideal lot, this home has spectacular views of the city lights, mountains, and Grayhawk Talon Retreat Golf course. The gourmet kitchen incorporates custom cabinetry with ORB pulls, quartz counters, backsplash, breakfast bar, Lusso sink, GE Cafe appliances, and a 5 burner gas cooktop with griddle. Other features include freshly painted exterior, new carpet, charming gas family room fireplace, South facing covered balcony, and a 3 car garage with epoxy flooring. The master suite offers a walk-in closet and a full bathroom with dual sinks, quartz counters, custom mirrors and fixtures, soaker tub, and a frameless glass walk-in shower. The gated Encore community has endless features including a private access road, heated pool and spa, large BBQ area, workout facility, and a full clubhouse rec room equipped with a kitchen.
-
2021-04-01soldstatus $700,000
-
2021-03-30status Pending 942-char remark
Show marketing remark (942 chars)
Absolutely gorgeous condo townhome located in the sought after Encore at Grayhawk gated community. Situated on an ideal lot, this home has spectacular views of the city lights, mountains, and Grayhawk Talon Retreat Golf course. The gourmet kitchen incorporates custom cabinetry with ORB pulls, quartz counters, backsplash, breakfast bar, Lusso sink, GE Cafe appliances, and a 5 burner gas cooktop with griddle. Other features include freshly painted exterior, new carpet, charming gas family room fireplace, South facing covered balcony, and a 3 car garage with epoxy flooring. The master suite offers a walk-in closet and a full bathroom with dual sinks, quartz counters, custom mirrors and fixtures, soaker tub, and a frameless glass walk-in shower. The gated Encore community has endless features including a private access road, heated pool and spa, large BBQ area, workout facility, and a full clubhouse rec room equipped with a kitchen.
-
2021-03-29soldstatus $700,000 Closed 942-char remark
Show marketing remark (942 chars)
Absolutely gorgeous condo townhome located in the sought after Encore at Grayhawk gated community. Situated on an ideal lot, this home has spectacular views of the city lights, mountains, and Grayhawk Talon Retreat Golf course. The gourmet kitchen incorporates custom cabinetry with ORB pulls, quartz counters, backsplash, breakfast bar, Lusso sink, GE Cafe appliances, and a 5 burner gas cooktop with griddle. Other features include freshly painted exterior, new carpet, charming gas family room fireplace, South facing covered balcony, and a 3 car garage with epoxy flooring. The master suite offers a walk-in closet and a full bathroom with dual sinks, quartz counters, custom mirrors and fixtures, soaker tub, and a frameless glass walk-in shower. The gated Encore community has endless features including a private access road, heated pool and spa, large BBQ area, workout facility, and a full clubhouse rec room equipped with a kitchen.
-
2021-03-01status Pending 942-char remark
Show marketing remark (942 chars)
Absolutely gorgeous condo townhome located in the sought after Encore at Grayhawk gated community. Situated on an ideal lot, this home has spectacular views of the city lights, mountains, and Grayhawk Talon Retreat Golf course. The gourmet kitchen incorporates custom cabinetry with ORB pulls, quartz counters, backsplash, breakfast bar, Lusso sink, GE Cafe appliances, and a 5 burner gas cooktop with griddle. Other features include freshly painted exterior, new carpet, charming gas family room fireplace, South facing covered balcony, and a 3 car garage with epoxy flooring. The master suite offers a walk-in closet and a full bathroom with dual sinks, quartz counters, custom mirrors and fixtures, soaker tub, and a frameless glass walk-in shower. The gated Encore community has endless features including a private access road, heated pool and spa, large BBQ area, workout facility, and a full clubhouse rec room equipped with a kitchen.
-
2021-02-24$700,000 Active 942-char remark
Show marketing remark (942 chars)
Absolutely gorgeous condo townhome located in the sought after Encore at Grayhawk gated community. Situated on an ideal lot, this home has spectacular views of the city lights, mountains, and Grayhawk Talon Retreat Golf course. The gourmet kitchen incorporates custom cabinetry with ORB pulls, quartz counters, backsplash, breakfast bar, Lusso sink, GE Cafe appliances, and a 5 burner gas cooktop with griddle. Other features include freshly painted exterior, new carpet, charming gas family room fireplace, South facing covered balcony, and a 3 car garage with epoxy flooring. The master suite offers a walk-in closet and a full bathroom with dual sinks, quartz counters, custom mirrors and fixtures, soaker tub, and a frameless glass walk-in shower. The gated Encore community has endless features including a private access road, heated pool and spa, large BBQ area, workout facility, and a full clubhouse rec room equipped with a kitchen.
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2015-10-16soldstatus $470,000 Closed
-
2015-10-16soldstatus $470,000
-
2015-09-24status Pending
-
2015-08-06price $515,000
-
2015-06-05price $545,000
-
2015-03-09price $595,000
-
2015-01-27$619,000 Active
ⓘ 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
- $4,784 · $399/mo
- Projected year-2 tax
- $5,115 · $426/mo
- Expected delta
- +$331/yr (+$28/mo · 6.9%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 1/10 Low FEMA zone AO · 0% chance over 30 yrs
- Wildfire 4/10 Moderate
- Heat 8/10 Severe 7 d/yr ≥111°F today · 18 d/yr by 30 yrs out
- Wind 1/10 Low
- Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 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
- $72,668
- − Mortgage interest
- −$43,412
- − Property taxes
- −$4,784
- − Insurance
- −$5,342
- − Repairs & maintenance
- −$5,813
- − Management
- −$5,813
- − HOA
- −$6,720
- − Depreciation
- −$22,545
- Taxable loss
- −$21,763
- Est. tax savings @ 24.0%
- +$5,223
- After-tax cash flow
- $-2,986/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
- Paradise Valley Unified District (4241)
- NCES district ID
- 0405930
- Math proficiency
- 39% ▼ -11.00%
- Reading proficiency
- 46% ▼ -7.00%
- Median HH income
- $64,106
- Composite
- 37.89/100
- National rank
- #4316
- State rank
- #56 of 249 in AZ
Livability — Scottsdale
- Score
- 80/100
- State rank
- #4
- US rank
- #1756
Category grades
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)
- 45,346
- Household income
- $140,616
- Rent vs Own
- Severe rent burden
- 1034.0
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 (84%)
- Race & ethnicity
- White 84% Hispanic / Latino 7% Two or more races 6% Asian 4% Black 1%
- Hispanic origin (detail)
- Mexican 3%
- Common ancestry
- Romanian 4% Slovak 3% Italian 2%
- Foreign-born
- 11% · Canada, South Korea, China
- Languages at home
- 88% English-only · Spanish 5% Other Indo-European 3% Other Asian/Pacific 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
- ▲ 5.64%
- Current HPI
- 330.9931
- Rent YoY
- ▲ 4.42%
- 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 |
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| Homebuilding | 1 | $8B |
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Price history
+25.2% since first listed14 events — show timeline
- 2026-03-20 Listed $775,000 ARMLS
- 2021-04-04 Sold (MLS) $700,000 ARMLS
- 2021-04-01 Sold (Public Records) $700,000 Public Records
- 2021-03-30 Pending — ARMLS
- 2021-03-29 Sold (MLS) $700,000 ARMLS
- 2021-03-01 Pending — ARMLS
- 2021-02-24 Listed $700,000 ARMLS
- 2015-10-16 Sold (Public Records) $470,000 Public Records
- 2015-10-16 Sold (MLS) $470,000 ARMLS
- 2015-09-24 Pending — ARMLS
- 2015-08-06 Price Changed $515,000 ARMLS
- 2015-06-05 Price Changed $545,000 ARMLS
- 2015-03-09 Price Changed $595,000 ARMLS
- 2015-01-27 Listed $619,000 ARMLS
Property tax history
+12.2%/yrLatest (2025): $4,784 · +2.2% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…