Ground-Floor Short-Term Rental
For Sale
$269,000
10410 N CAVE CREEK Road 1071, Phoenix, AZ 85020
Furnished condominium with split-bedroom layout, private patios, and community amenities supporting short-term rental use.
Property Size1,038 SF
Days on Market58
Property Features for 10410 N CAVE CREEK Road 1071
General Information
Standard status
Active
Size
1,038 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$1,104
Building Details
Building Size
1,038 SF
Year Built
1986
Listing Agency:
HomeSmart
Listed By:
Joel M Edwards
(602) 688-4059
Source:
Alexiabertsatos
Added: Aug 14
Changed: Sep 29
Last Checked: Oct 10 at 2:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HomeSmart
Investment Insights
Based on property information with market context.
This ground-level condominium at 10410 N Cave Creek Road in Phoenix offers a two-bedroom, two-bath layout with no interior steps and a split-bedroom design. The open living area includes tile and LVP flooring, a fireplace, dining space, and patio access. The kitchen has granite counters, refreshed cabinetry, and stainless steel appliances, while a stackable washer and dryer and entry storage add convenience. Both bedrooms feature ensuite bathrooms, closet space, and access to outdoor areas.
The home has operated as a short-term rental for more than 10 years, and the HOA and CC&Rs allow short-term rentals. It may remain furnished, with furniture, televisions, linens, cookware, and household essentials available through a separate bill of sale. Community amenities include three heated swimming pools, heated spas, tennis, pickleball, basketball, barbecue areas, outdoor seating, and walking paths. One reserved covered parking space is included. HOA fees cover water, sewer, trash, common-area maintenance, and Cox cable service. Built in 1986.
The home has operated as a short-term rental for more than 10 years, and the HOA and CC&Rs allow short-term rentals. It may remain furnished, with furniture, televisions, linens, cookware, and household essentials available through a separate bill of sale. Community amenities include three heated swimming pools, heated spas, tennis, pickleball, basketball, barbecue areas, outdoor seating, and walking paths. One reserved covered parking space is included. HOA fees cover water, sewer, trash, common-area maintenance, and Cox cable service. Built in 1986.
Key Highlights
- Two‑bedroom, two‑bath ground‑floor condo with no interior steps
- Short‑term rentals permitted by the HOA and CC&Rs; more than 10 years of rental history
- Updated kitchen with granite countertops, cabinetry, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,107
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$242,140
$242.1K
Cap Rate 7%
$172,957
$173.0K
Cap Rate 9%
$134,522
$134.5K
Market Conditions
NOI Build-Up for 1,038 SF
Gross rent
$23.4K $22.56/SF
− Vacancy
−$1.4K −$1.35/SF
EGI
$22.0K $21.21/SF
− OpEx
−$9.9K −$9.54/SF
NOI
$12.1K $11.66/SF
Area
Phoenix, AZ
Vacancy
6.00%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$242,140
Cap Rate 7%
$172,957
Cap Rate 9%
$134,522
Alternative Uses
Best Use
Apartment 5plus
$173.0K
$151.3K – $201.8K
NOI $12,107 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$314.4K
$275.1K – $366.8K
NOI $22,009 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
443
Businesses Nearby
Explore this area
Business Placement
Demographics for 85020, AZ
34,534
Population
18,231
Households
1.9
Avg Household Size
43
Median Age
43%
College-Educated
90%
High-School Grad
8.8 sq mi
ZIP Area
3,924
Density / Sq Mi
$78,412
Median Household Income
$48,230
Median Earnings
$1,389
Median Rent
$400,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Short term rental property - Furnished condominium with split-bedroom layout, private patios, and community amenities supporting short-term rental use.
Where is this short term rental property located?
The property is located at 10410 N CAVE CREEK Road 1071 Phoenix, AZ.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath ground‑floor condo with no interior steps; Short‑term rentals permitted by the HOA and CC&Rs; more than 10 years of rental history; Updated kitchen with granite countertops, cabinetry, and stainless steel appliances
