Furnished Short-Term Rental
For Sale
$389,000
5450 E DEER VALLEY Drive #2189, Phoenix, AZ 85054
The residence allows short-term rentals and comes furnished, with access to community pools, fitness centers, and clubhouses.
Property Size1,246 SF
Price / SF$312.20
Days on Market28
Property Features for 5450 E DEER VALLEY Drive #2189
General Information
Standard status
Active
Size
1,246 SF
Property subtype
Apartment
Site & Location
Neighborhood
Paradise Valley
Building Details
Year Built
2014
Listing Agency:
Apex Residential
(602) 341-5153
Listed By:
Jonathan Michael Leaman · License #SA648438000
(602) 750-4285
Source:
Kathrynthomas
Added: Oct 2
Changed: Oct 28
Last Checked: Oct 28 at 4:31PM
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 Apex Residential
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Investment Insights
Based on property information with market context.
This 1,246-square-foot condominium was built in 2014 and has two bedrooms and two bathrooms. Its open living area connects with a kitchen featuring quartz countertops, stainless steel appliances, and a built-in wine refrigerator. The residence is offered furnished, and short-term rentals are allowed within the community.
The property is in the guard-gated Toscana community, which has three heated pools, two fitness centers, three clubhouses, and on-site resort staff. High Street, Desert Ridge Marketplace, and the JW Marriott Desert Ridge Resort & Spa are within walking distance. Wildfire Golf Club, another championship golf course, and Mayo Clinic are also nearby.
The property is in the guard-gated Toscana community, which has three heated pools, two fitness centers, three clubhouses, and on-site resort staff. High Street, Desert Ridge Marketplace, and the JW Marriott Desert Ridge Resort & Spa are within walking distance. Wildfire Golf Club, another championship golf course, and Mayo Clinic are also nearby.
Key Highlights
- Short‑term rentals allowed in the community
- 1,246‑square‑foot residence with two bedrooms and two bathrooms
- Built in 2014; offered furnished
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,533
Cap Rate
3.74%
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 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$377.4K
$330.3K – $440.3K
NOI $26,420 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
479
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
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Short term rental property - The residence allows short-term rentals and comes furnished, with access to community pools, fitness centers, and clubhouses.
Where is this short term rental property located?
The property is located at 5450 E DEER VALLEY Drive #2189 Phoenix, AZ.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Short‑term rentals allowed in the community; 1,246‑square‑foot residence with two bedrooms and two bathrooms; Built in 2014; offered furnished
