No-Stairs Residential Income
For Sale
$262,888
5995 N 78TH Street 1066, Scottsdale, AZ 85250
One-bedroom, one-bath condo with wood flooring, covered patio, and access to extensive community amenities.
Property Size664 SF
Price / SF$395.92
Days on Market38
Property Features for 5995 N 78TH Street 1066
General Information
Standard status
Active
Size
664 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$696
Amenities
pool
spa
fitness center
clubhouse
Building Details
Building Size
664 SF
Year Built
1981
Listing Agency:
eXp Realty
(602) 758-3123
Listed By:
Bryan Hamby
(602) 758-3123
Source:
Alexiabertsatos
Added: Jul 24
Changed: Aug 29
Last Checked: Aug 29 at 6:53PM
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
Investment Insights
Based on property information with market context.
This 664-square-foot Bella Vita condominium offers one bedroom, one bathroom, and a no-stairs layout. Interior features include wood flooring through the main living areas, carpet in the bedroom installed in July 2026, a practical kitchen, stacked washer and dryer, and a walk-in closet. A covered patio adds outdoor space and includes additional storage.
Community amenities include two saltwater pools, including one heated pool, a spa, fitness center, and clubhouse. The property also provides direct access to the 11+ miles of the Scottsdale Greenbelt, along with nearby bike trails, a dog park, Chaparral Park, Old Town, restaurants, shopping, nightlife, and outdoor recreation. Built in 1981, the condominium is located near Hayden and McDonald in Scottsdale.
Community amenities include two saltwater pools, including one heated pool, a spa, fitness center, and clubhouse. The property also provides direct access to the 11+ miles of the Scottsdale Greenbelt, along with nearby bike trails, a dog park, Chaparral Park, Old Town, restaurants, shopping, nightlife, and outdoor recreation. Built in 1981, the condominium is located near Hayden and McDonald in Scottsdale.
Key Highlights
- 664‑square‑foot Bella Vita condo with 1 bedroom and 1 bathroom
- No‑stairs layout with wood flooring in the main living areas
- Bedroom carpet installed in July 2026
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$7,683
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$153,660
$153.7K
Cap Rate 7%
$109,757
$109.8K
Cap Rate 9%
$85,367
$85.4K
Market Conditions
NOI Build-Up for 664 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$14.6K $21.96/SF
− Vacancy
−$612 −$0.92/SF
EGI
$14.0K $21.04/SF
− OpEx
−$6.3K −$9.47/SF
NOI
$7.7K $11.57/SF
Area
Scottsdale, AZ
Vacancy
4.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$153,660
Cap Rate 7%
$109,757
Cap Rate 9%
$85,367
Alternative Uses
Best Use
Apartment 5plus
$109.8K
$96.0K – $128.1K
NOI $7,683 @ 7.0% cap · market cap 2.92%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$218.0K
$190.7K – $254.3K
NOI $15,258 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
496
Businesses Nearby
Explore this area
Business Placement
Demographics for 85250, AZ
16,501
Population
10,066
Households
1.6
Avg Household Size
48
Median Age
58%
College-Educated
98%
High-School Grad
8.4 sq mi
ZIP Area
1,964
Density / Sq Mi
$89,133
Median Household Income
$65,984
Median Earnings
$1,762
Median Rent
$507,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom, one-bath condo with wood flooring, covered patio, and access to extensive community amenities.
Where is this residential income property located?
The property is located at 5995 N 78TH Street 1066 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $262,888.
What are key features of this property?
This property features: 664‑square‑foot Bella Vita condo with 1 bedroom and 1 bathroom; No‑stairs layout with wood flooring in the main living areas; Bedroom carpet installed in July 2026
