Furnished Short-Term Rental
For Sale
$365,000
7625 E CAMELBACK Road A116, Scottsdale, AZ 85251
Remodeled two-bedroom flat with a covered balcony and community pool, spa, grills, and fitness center.
Property Size1,066 SF
Price / SF$342.40
Days on Market33
Property Features for 7625 E CAMELBACK Road A116
General Information
Standard status
Active
Size
1,066 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$573
Amenities
heated pool
hot tub
BBQ grills
fitness center
private covered balcony
Building Details
Building Size
1,066 SF
Year Built
1971
Listing Agency:
Realty Executives Arizona Territory
(480) 330-6788
Listed By:
Matthew W. Long · License #SA645379000
(480) 330-6788
Source:
Alexiabertsatos
Added: Jul 30
Changed: Aug 29
Last Checked: Aug 31 at 12:25AM
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 Realty Executives Arizona Territory
Investment Insights
Based on property information with market context.
Located at 7625 E CAMELBACK Road A116 in Scottsdale, this 1,066-square-foot, two-bedroom, two-bath flat was built in 1971 and has been remodeled. The open living layout features wood flooring, an upgraded kitchen with stainless steel appliances, shaker cabinetry, and granite countertops, along with updated plumbing and lighting fixtures. A private covered balcony extends the living area, and the residence is offered fully furnished.
The complex permits Airbnb and VRBO use with no rental restrictions. Community amenities include a heated pool, hot tub, BBQ grills, and fitness center. HOA services cover heating and cooling, water, sewer, electric, garbage, and basic cable. The property is within walking distance of Old Town Scottsdale destinations including restaurants, bars, clubs, shopping, Fashion Square Mall, movie theaters, and parks.
The complex permits Airbnb and VRBO use with no rental restrictions. Community amenities include a heated pool, hot tub, BBQ grills, and fitness center. HOA services cover heating and cooling, water, sewer, electric, garbage, and basic cable. The property is within walking distance of Old Town Scottsdale destinations including restaurants, bars, clubs, shopping, Fashion Square Mall, movie theaters, and parks.
Key Highlights
- Airbnb and VRBO approved with no rental restrictions
- 1,066‑square‑foot remodeled flat with 2 bedrooms and 2 bathrooms
- Fully furnished residence with open‑concept living area
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
$12,334
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
3.38%
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%
$246,680
$246.7K
Cap Rate 7%
$176,200
$176.2K
Cap Rate 9%
$137,044
$137.0K
Market Conditions
NOI Build-Up for 1,066 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
$23.4K $21.96/SF
− Vacancy
−$983 −$0.92/SF
EGI
$22.4K $21.04/SF
− OpEx
−$10.1K −$9.47/SF
NOI
$12.3K $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%
$246,680
Cap Rate 7%
$176,200
Cap Rate 9%
$137,044
Alternative Uses
Best Use
Apartment 5plus
$176.2K
$154.2K – $205.6K
NOI $12,334 @ 7.0% cap · market cap 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$349.9K
$306.2K – $408.3K
NOI $24,496 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,231
Businesses Nearby
Explore this area
Business Placement
Demographics for 85251, AZ
40,073
Population
26,456
Households
1.5
Avg Household Size
39
Median Age
60%
College-Educated
96%
High-School Grad
7.2 sq mi
ZIP Area
5,566
Density / Sq Mi
$89,151
Median Household Income
$60,282
Median Earnings
$1,771
Median Rent
$500,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Remodeled two-bedroom flat with a covered balcony and community pool, spa, grills, and fitness center.
Where is this short term rental property located?
The property is located at 7625 E CAMELBACK Road A116 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Airbnb and VRBO approved with no rental restrictions; 1,066‑square‑foot remodeled flat with 2 bedrooms and 2 bathrooms; Fully furnished residence with open‑concept living area
