Short-Term Rental Property with Open
For Sale
$295,000
7625 E Camelback Rd #B244, Scottsdale, AZ 85251
Remodeled single-level residence in an approved vacation-rental community with resort-style amenities and utilities included through the HOA.
Property Size878 SF
Price / SF$335.99
Days on Market41
Property Features for 7625 E Camelback Rd #B244
General Information
Standard status
Active
Size
878 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Amenities
gym
heated pool
spa
Building Details
Year Built
1971
Listing Agency:
1St Dream Realty
(602) 909-6513
Listed By:
Brandon Howe Team
(602) 909-6513
Source:
Howerealtygroup
Added: Jul 20
Changed: Aug 28
Last Checked: Aug 28 at 10:14AM
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 1St Dream Realty
Investment Insights
Based on property information with market context.
This 878-square-foot, two-bedroom, one-bath short-term rental property was built in 1971 and has been remodeled with a single-level layout. Interior features include an open kitchen, and the residence is identified as one of the larger two-bedroom, one-bath models in the community. The property is approved for VRBO and Airbnb use.
Community amenities include a fitness center, a heated pool suitable for lap swimming, and a spa. HOA dues include all utilities. The property is located in Old Town, with a grocery store and other services across the street, dining within walking distance, and access to the Scottsdale greenbelt park system to the east.
Community amenities include a fitness center, a heated pool suitable for lap swimming, and a spa. HOA dues include all utilities. The property is located in Old Town, with a grocery store and other services across the street, dining within walking distance, and access to the Scottsdale greenbelt park system to the east.
Key Highlights
- 878 SF two‑bedroom, one‑bath model
- Remodeled single‑level interior with modern open kitchen
- VRBO and Airbnb approved community
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
$10,159
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
3.44%
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%
$203,180
$203.2K
Cap Rate 7%
$145,129
$145.1K
Cap Rate 9%
$112,878
$112.9K
Market Conditions
NOI Build-Up for 878 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
$19.3K $21.96/SF
− Vacancy
−$810 −$0.92/SF
EGI
$18.5K $21.04/SF
− OpEx
−$8.3K −$9.47/SF
NOI
$10.2K $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%
$203,180
Cap Rate 7%
$145,129
Cap Rate 9%
$112,878
Alternative Uses
Best Use
Apartment 5plus
$145.1K
$127.0K – $169.3K
NOI $10,159 @ 7.0% cap · market cap 3.44%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$288.2K
$252.2K – $336.3K
NOI $20,176 @ 7.0% cap · market cap 6.84%
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 single-level residence in an approved vacation-rental community with resort-style amenities and utilities included through the HOA.
Where is this short term rental property located?
The property is located at 7625 E Camelback Rd #B244 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 878 SF two‑bedroom, one‑bath model; Remodeled single‑level interior with modern open kitchen; VRBO and Airbnb approved community
