Pool-View Residential Income
5350 E Deer Valley Drive #1406, Phoenix, AZ 85054
For Sale
$409,000
Ground-level residence with a covered patio and access to Toscana’s shared recreation amenities.
Property Size1,246 SF
Price / SF$328.25
Days on Market48
Property Features for 5350 E Deer Valley Drive #1406
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Furnished
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
pool
spa
fitness center
steam room
clubhouse
concierge
guard-gated entry
underground parking
video intercom
Full Bth Master Bdrm
Separate Shwr & Tub
Double Vanity
Breakfast Bar
Pantry
Granite Counters
High Speed Internet
9+ Flat Ceilings
Elevator
No Interior Steps
Tennis Court(s)
Hand/Racquetball Cts
Sport Court(s)
Built-in Barbecue
Private Pickleball Court(s)
Building Details
Building Size
Year Built
Stories
Listing Agency:
eXp Realty
Listed By:
Kodi K Riddle · License AZ BR514965000
(480) 624-8019
Source:
Jlberrycompany
Added: Sep 29
Changed: Nov 13
Last Checked: Nov 14 at 7:27AM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This 1,246-square-foot ground-level residence in Toscana was built in 2008 and overlooks the community’s main pool. Interior features include high ceilings, luxury vinyl plank flooring, granite kitchen counters, stainless steel appliances, a gas range, pantry, and peninsula with breakfast-bar seating. The primary suite has a walk-in closet and an ensuite bathroom with dual sinks. A covered patio faces the pool, and the residence may be purchased furnished.
Toscana’s shared amenities include three heated pools and spas, two fitness centers, steam rooms, and three clubhouses. The community also has underground parking, guard-gated entry, landscaped paths, water features, and fireside gathering areas. High Street is across from the property; Desert Ridge Marketplace, Scottsdale Quarter, and Kierland Commons are also nearby.
Toscana’s shared amenities include three heated pools and spas, two fitness centers, steam rooms, and three clubhouses. The community also has underground parking, guard-gated entry, landscaped paths, water features, and fireside gathering areas. High Street is across from the property; Desert Ridge Marketplace, Scottsdale Quarter, and Kierland Commons are also nearby.
Key Highlights
- 1,246‑square‑foot residence built in 2008
- Ground‑level position overlooking Toscana’s main pool
- Covered patio facing the pool
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,533
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$290,660
$290.7K
Cap Rate 7%
$207,614
$207.6K
Cap Rate 9%
$161,478
$161.5K
Market Conditions
NOI Build-Up for 1,246 SF
Gross rent
$28.1K $22.56/SF
− Vacancy
−$1.7K −$1.35/SF
EGI
$26.4K $21.21/SF
− OpEx
−$11.9K −$9.54/SF
NOI
$14.5K $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%
$290,660
Cap Rate 7%
$207,614
Cap Rate 9%
$161,478
Alternative Uses
Best Use
Apartment 5plus
$207.6K
$181.7K – $242.2K
NOI $14,533 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$377.4K
$330.3K – $440.3K
NOI $26,420 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
762
Businesses Nearby
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Business Placement
Demographics for 85054, AZ
8,849
Population
6,271
Households
1.4
Avg Household Size
39
Median Age
61%
College-Educated
98%
High-School Grad
8.6 sq mi
ZIP Area
1,029
Density / Sq Mi
$89,099
Median Household Income
$64,554
Median Earnings
$2,146
Median Rent
$618,100
Median Home Value
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Market
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Frequently Asked Questions
What type of property is this?
Residential income property - Ground-level residence with a covered patio and access to Toscana’s shared recreation amenities.
Where is this residential income property located?
The property is located at 5350 E Deer Valley Drive #1406 Phoenix, AZ.
What is the asking price?
The asking price for this property is $409,000.
What are key features of this property?
This property features: 1,246‑square‑foot residence built in 2008; Ground‑level position overlooking Toscana’s main pool; Covered patio facing the pool
