7039 E Virginia Ave · Scottsdale, AZ 85257

$1

3 bd · 1.0 ba · 970 sqft · SingleFamily public records · 10 Days on market

Built 1955 6,156 sqft lot

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Why this score? — see what drove the F 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).

• ARV discount +7.5/15.0
• Schools +4.8/10.0
• Cash flow +4.2/30.0
• Livability +4.0/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• 1% rule +0.3/10.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks

The list price is not indicative of seller's final reserve amount. This property is part of an online bidding event. Inspections of this property and contact with occupants are strictly prohibited. Property is sold ''as is'' and no for sale sign allowed.

Key facts

• 6,156 sq ft lot
• 3 parking spots
• Built 1955

Property features AI

Finance

• HOA & community: No association fees

Exterior

• Parking: 2 open parking spaces; 1 covered parking space; 1 carport space
• Utilities: City water; Sewer connected
• Home design: Single-family residence; Fee simple ownership
• Construction: Wood frame construction; Painted exterior; Composition roof
• Exterior features: Private yard; Gravel/stone front; Gravel/stone back; Synthetic grass in back

Interior

• Kitchen: Built-in microwave; Non-laminate counters; Refrigerator; Dishwasher; Disposal
• Bedrooms: Up to 3 bedrooms
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air; Ceiling fans; Programmable thermostat
• Interior features: High-speed internet; Eat-in kitchen; Full bath in master bedroom
• Laundry & utility: Laundry inside

🔨 Auction listing. The $1 list price is a nominal opening bid, not a real ask — every metric below is computed on the estimated value $437,470 (ARV from comps), not the list price.

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $1.

Deal economics

• At list price, monthly cash flow is $-1k ($-14k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $1).
• Cap rate 3.1% vs local median 2.5% in Scottsdale — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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: Pima Elementary School (math 47% / reading 42%, grade F, #339 of 1,109 statewide, top 32%, 389 students, 45% FRL); Tonalea Middle School (math 16% / reading 32%, grade F, #109 of 218 statewide, top 51%, 442 students, 77% FRL); Coronado High School (math 8% / reading 12%, grade F, #343 of 381 statewide, top 93%, 740 students, 64% FRL) — zoned schools average 62% FRL vs 21% district-wide (41 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 26% at this address vs 54% district-wide (-28 pts) — the specific schools serving this property underperform the Scottsdale Unified District (4240) average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+2.8%/yr); 262 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 15d 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 32% of the median local income ($87k/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 $3k of loan paydown is wiped out by about $13k 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 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 15 sale attempts since 12y 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: property tax is 656205.0% of price; built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• 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 $1

Questions for the listing agent

1. 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?
2. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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 for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.53% ✗
• Cap rate: 3.06%
• Cash-on-cash: -11.54%
• DSCR: 0.49
• GRM: 15.6

CMA / ARV

• ARV (on-the-fly): $437,470
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7624 E Thomas Rd	0.74mi	3/1.0	1,000 (+3%)	4mo	$323,000	$323	58
7020 E Oak St	0.26mi	3/2.0	1,092 (+13%)	14mo	$492,000	$451	51

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 2.8% rent growth · sell at horizon

5-year hold

• IRR: -37.7%
• Equity multiple: -0.19×
• Total profit: $-146,369
• Equity at exit: $65,228

10-year hold

• IRR: -56.7%
• Equity multiple: -0.84×
• Total profit: $-225,864
• Equity at exit: $37,824

Cash invested: $122,492 (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 85257

• Rents YoY: 2.8%
• Active inventory: 262

Monthly cashflow live

• Estimated rent: $2,335 high
• Mortgage (P&I): −$2,294
• Tax est. 1.5%: −$547 /mo · $6,562/yr
• Insurance: −$182
• HOA: −$0
• Vacancy / Maint / Mgmt: −$490
• Net cashflow: $-1,178

Break-even live

Break-even rent $3,827

Max offer price $266,968

Occupancy floor —

Sensitivity live

Price	-10% $-876	-5% $-1,027	+0% $-1,178	+5% $-1,329	+10% $-1,481
Rent	-10% $-1,363	-5% $-1,271	+0% $-1,178	+5% $-1,086	+10% $-994
Rate	-1.0pp $-958	-0.5pp $-1,067	base $-1,178	+0.5pp $-1,292	+1.0pp $-1,407

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: $109,368
• Closing costs: $13,124
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7039 E Virginia Ave Scottsdale, AZ	3.0	1.0	980	$2,900	$2.96	44d	1	0.03mi
7045 E Wilshire Dr #1 Scottsdale, AZ	2.0	2.5	900	$1,400	$1.56	13d	1	0.08mi
2401 N 70th St Unit T Scottsdale, AZ	2.0	1.0	759	$1,700	$2.24	18d	1	0.19mi
7102 E Oak St Scottsdale, AZ	2.0	1.0	856	$1,650	$1.93	24d	1	0.26mi
2929 N 70th St Scottsdale, AZ	1.0–3.0	1.0–2.0	1038	$2,283	$2.20	11d	62	0.33mi
2929 N 70th St Scottsdale, AZ	1.0–3.0	1.0–2.0	1038	$2,248	$2.16	2d	57	0.33mi
3015 N Scottsdale Rd Scottsdale, AZ	1.0–3.0	1.0–3.0	1060	$3,672	$3.46	1d	18	0.38mi
3002 N 70th St Scottsdale, AZ	1.0–20.0	1.0–2.0	759	$1,408	$1.85	8d	3	0.39mi
3014 N 70th St Unit C Scottsdale, AZ	2.0	1.0	800	$1,300	$1.62	18d	1	0.40mi
2040 N Scottsdale Rd Scottsdale, AZ	3.0	1.0–2.0	979	$3,372	$3.44	3d	10	0.41mi
2959 N 68th Pl #102 Scottsdale, AZ	2.0	2.0	980	$5,000	$5.10	44d	1	0.42mi
7021 E Earll Dr Scottsdale, AZ	2.0	2.0	1130	$4,298	$3.80	3d	3	0.47mi
7021 E Earll Dr Scottsdale, AZ	2.0	1.0–2.0	1130	$4,325	$3.83	44d	4	0.47mi
7021 E Earll Dr Scottsdale, AZ	2.0	2.0	1130	$4,198	$3.71	5d	4	0.47mi
2935 N 68th St Scottsdale, AZ	2.0	2.0	1154	$2,798	$2.42	22d	2	0.48mi
7440 E Thomas Rd Scottsdale, AZ	2.0–3.0	1.0–2.0	987	$1,630	$1.65	3d	10	0.50mi
2001 N Scottsdale Rd Scottsdale, AZ	3.0	1.0–2.0	919	$2,695	$2.93	2d	10	0.51mi
7002 E Hubbell St Scottsdale, AZ	1.0–2.0	1.0–1.5	620	$1,624	$2.62	3d	11	0.51mi
1923 N 70th St Scottsdale, AZ	2.0	1.0–2.0	642	$1,490	$2.32	3d	25	0.56mi
6599 E Thomas Rd Scottsdale, AZ	1.0–3.0	1.0–2.0	942	$1,926	$2.04	2d	20	0.56mi
3212 N 70th St Scottsdale, AZ	2.0	1.5	1000	$2,145	$2.15	8d	3	0.58mi
3234 N Scottsdale Rd Scottsdale, AZ	1.0–2.0	1.0–2.0	1041	$3,204	$3.08	2d	20	0.60mi
3114 N 68th St Unit 3 Scottsdale, AZ	2.0	1.0	730	$1,595	$2.18	24d	1	0.62mi
3114 N 68th St #4 Scottsdale, AZ	2.0	1.0	750	$1,795	$2.39	24d	1	0.62mi
3114 N 68th St #2 Scottsdale, AZ	2.0	1.0	730	$1,795	$2.46	15d	1	0.62mi
3300 N Scottsdale Rd Scottsdale, AZ	2.0	1.0–2.0	875	$2,891	$3.30	2d	29	0.66mi
7474 E Earll Dr Unit 1545782P Scottsdale, AZ	2.0	2.0	850	$2,155	$2.54	17d	1	0.66mi
7474 E Earll Dr #309 Scottsdale, AZ	2.0	2.0	861	$3,000	$3.48	24d	1	0.66mi
6921 E Osborn Rd Unit D Scottsdale, AZ	2.0	1.5	1120	$2,495	$2.23	21d	1	0.66mi
2992 N Miller Rd Scottsdale, AZ	2.0	2.0	1088	$2,095	$1.93	14d	1	0.67mi
2992 N Miller Rd Scottsdale, AZ	2.0	2.0	1088	$2,145	$1.97	15d	1	0.67mi
2992 N Miller Rd Scottsdale, AZ	2.0	2.0	1100	$2,045	$1.86	11d	2	0.67mi
2992 N Miller Rd Scottsdale, AZ	2.0	2.0	1100	$2,045	$1.86	8d	2	0.67mi
2992 N Miller Rd #111 Scottsdale, AZ	2.0	2.0	1113	$2,095	$1.88	21d	1	0.67mi
7494 E Earll Dr #304 Scottsdale, AZ	2.0	2.0	861	$1,650	$1.92	19d	1	0.67mi
6713 E Cheery Lynn Rd Unit 2 Scottsdale, AZ	2.0	1.5	800	$1,450	$1.81	18d	1	0.70mi
3214 N 68th St Unit 2 Scottsdale, AZ	2.0	1.0	850	$1,395	$1.64	18d	1	0.70mi
6644 E Earll Dr Unit Earll6644-2 Scottsdale, AZ	2.0	1.0	921	$1,900	$2.06	22d	1	0.71mi
6616 E Avalon Dr Unit 4 Scottsdale, AZ	2.0	1.0	855	$1,595	$1.87	5d	1	0.74mi
3313 N 68th St Scottsdale, AZ	1.0–2.0	1.0–2.0	790	$3,488	$4.41	44d	3	0.74mi

Listing history 8 events

1. 2026-06-18
   days on market $1 Active 10 DOM
2. 2026-06-17
   days on market $1 Active 9 DOM
3. 2026-06-16
   days on market $1 Active 8 DOM
4. 2026-06-15
   days on market $1 Active 7 DOM
5. 2026-06-13
   days on market $1 Active 5 DOM
6. 2026-06-13
   days on market $1 Active 4 DOM
7. 2026-06-08
   remarks 254-char remark
8. 2026-06-08
   listed $1 Active 1 DOM

ⓘ 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 2/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥112°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: $28,025
• − Mortgage interest: −$24,505
• − Property taxes: −$6,562
• − Insurance: −$2,187
• − Repairs & maintenance: −$2,242
• − Management: −$2,242
• − Depreciation: −$12,726
• Taxable loss: −$22,440
• Est. tax savings @ 24.0%: +$5,386
• After-tax cash flow: $-8,754/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): 29,812
• Household income: $86,962
• Rent vs Own: 38.9% rent · 61.1% own
• Severe rent burden: 1086.0

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 (70%)
• Race & ethnicity: White 70% Hispanic / Latino 16% Two or more races 13% Black 4% Asian 3% Native American 2%
• Hispanic origin (detail): Mexican 13%
• Common ancestry: Iranian 3% Romanian 3% Italian 3%
• Foreign-born: 8% · Canada, South Korea, China
• Languages at home: 88% English-only · Spanish 8% Other Indo-European 1% Korean 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: ▼ -411.72%
• Current HPI: 412.043
• Rent YoY: ▲ 2.80%
• 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

+1005.6% since first listed

83 events — show timeline

• 2026-06-06 Listed $1 ARMLS
• 2025-05-27 Listing Removed — ARMLS
• 2025-04-24 Price Changed $574,900 ARMLS
• 2025-04-06 Price Changed $589,900 ARMLS
• 2025-01-16 Price Changed $594,900 ARMLS
• 2025-01-02 Listed $599,900 ARMLS
• 2024-12-22 Listed for Rent $2,900 REDFIN
• 2024-09-30 Listing Removed — ARMLS
• 2024-08-18 Price Changed $599,900 ARMLS
• 2024-08-01 Price Changed $607,500 ARMLS
• 2024-07-11 Listed $612,000 ARMLS
• 2022-05-31 Sold (Public Records) $630,000 Public Records
• 2022-05-31 Sold (MLS) $630,000 ARMLS
• 2022-04-14 Pending — ARMLS
• 2022-03-31 Listed $649,900 ARMLS
• 2018-07-10 Sold (Public Records) $292,000 Public Records
• 2018-07-10 Sold (MLS) $292,000 ARMLS
• 2018-06-02 Contingent — ARMLS
• 2018-05-24 Relisted — ARMLS
• 2018-04-23 Pending — ARMLS
• 2018-04-19 Price Changed $299,900 ARMLS
• 2018-04-12 Listed $309,900 ARMLS
• 2018-01-12 Sold (Public Records) $225,000 Public Records
• 2018-01-12 Sold (MLS) $225,000 ARMLS
• 2018-01-02 Pending — ARMLS
• 2018-01-02 Listed $230,000 ARMLS
• 2017-12-29 Sold (MLS) $225,000 ARMLS
• 2017-12-26 Contingent — ARMLS
• 2017-12-23 Relisted — ARMLS
• 2017-12-16 Contingent — ARMLS
• 2017-12-15 Listing Removed — ARMLS
• 2017-12-14 Listed $230,000 ARMLS
• 2017-07-17 Listing Removed — ARMLS
• 2017-06-26 Price Changed $219,000 ARMLS
• 2017-06-15 Price Changed $225,000 ARMLS
• 2017-06-15 Price Changed $229,000 ARMLS
• 2017-05-24 Listed $230,000 ARMLS
• 2015-05-27 Sold (MLS) $210,500 ARMLS
• 2015-05-26 Sold (Public Records) $210,500 Public Records
• 2015-05-16 Pending — ARMLS
• 2015-05-08 Price Changed $210,700 ARMLS
• 2015-05-08 Price Changed $210,800 ARMLS
• 2015-05-04 Price Changed $210,900 ARMLS
• 2015-04-29 Price Changed $210,999 ARMLS
• 2015-04-27 Price Changed $211,000 ARMLS
• 2015-04-21 Price Changed $211,500 ARMLS
• 2015-03-28 Relisted — ARMLS
• 2015-03-25 Pending — ARMLS
• 2015-03-20 Price Changed $211,888 ARMLS
• 2015-03-17 Price Changed $212,000 ARMLS
• 2015-03-11 Price Changed $212,200 ARMLS
• 2015-03-06 Price Changed $212,400 ARMLS
• 2015-03-01 Price Changed $212,500 ARMLS
• 2015-02-25 Price Changed $212,699 ARMLS
• 2015-02-18 Price Changed $212,888 ARMLS
• 2015-02-05 Price Changed $213,000 ARMLS
• 2015-01-23 Relisted — ARMLS
• 2014-12-21 Pending — ARMLS
• 2014-12-12 Price Changed $213,900 ARMLS
• 2014-12-09 Price Changed $214,000 ARMLS
• 2014-12-04 Relisted — ARMLS
• 2014-11-25 Pending — ARMLS
• 2014-11-22 Price Changed $214,600 ARMLS
• 2014-11-19 Price Changed $214,699 ARMLS
• 2014-11-11 Price Changed $214,799 ARMLS
• 2014-11-04 Price Changed $214,888 ARMLS
• 2014-11-01 Price Changed $214,998 ARMLS
• 2014-10-28 Price Changed $214,999 ARMLS
• 2014-10-24 Price Changed $215,798 ARMLS
• 2014-10-22 Price Changed $215,799 ARMLS
• 2014-10-18 Price Changed $215,800 ARMLS
• 2014-10-14 Price Changed $215,888 ARMLS
• 2014-10-10 Price Changed $215,900 ARMLS
• 2014-10-06 Price Changed $215,999 ARMLS
• 2014-10-02 Price Changed $216,000 ARMLS
• 2014-09-26 Price Changed $217,000 ARMLS
• 2014-09-18 Price Changed $217,900 ARMLS
• 2014-09-03 Listed $219,999 ARMLS
• 2014-01-30 Sold (Public Records) $185,000 Public Records
• 2013-10-29 Sold (Public Records) $154,000 Public Records
• 2013-10-29 Sold (Public Records) $115,000 Public Records
• 1998-04-17 Sold (Public Records) $85,000 Public Records
• 1985-03-12 Sold (Public Records) $52,000 Public Records

Property tax history

-0.5%/yr

Latest (2025): $945 · +4.4% YoY. Source: county tax records.