Building Details

Year Built 1971

Listing Agency: Delex Realty Show Phone

Listed By: Brandon Howe Team Show Phone

Source: Howerealtygroup

Added: Jul 20 Changed: Oct 15 Last Checked: Oct 14 at 10:53PM

Report an Issue

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 Delex Realty

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

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.

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 / Yr

$10,159

Cap Rate

3.44%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$203,180 $203.2K

Cap Rate 7%

$145,129 $145.1K

Cap Rate 9%

$112,878 $112.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 878 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $20,176 @ 7.0% cap · market cap 6.84%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Arizona condo Condominium Complex Black Rose, LLC Corporate Office Maya Condominium Association Condominium Complex Robert M. Wilbanks ... Genealogist Black's Library Marketing & Advertising

Suggested Use

Top Pick Daycare Center Food Market (Bike/Boat/Book/etc) Store Grocery & Convenience Store Storage Facility Mobile Phone Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Similar For Sale Nearby

See more

Poolside Short-Term Rental Residence

6834 E 4TH Street 7, Scottsdale, AZ 85251

$344,900

View details

Furnished Short-Term Rental Condo

4610 N 68th St #410, Scottsdale, AZ 85251

$240,000

702 SF

View details

Short-Term Rental Property with Fireplace

15095 N THOMPSON PEAK Parkway 1118, Scottsdale, AZ 85260

$445,000

View details

Remodeled Scottsdale Condo Near TPC

8245 E BELL Road #221, Scottsdale, AZ 85260

$700,000

0.03 Acres

View details

Renovated Short-Term Rental Property

8425 E VLY VISTA DR, Scottsdale, AZ 85250

Contact for pricing

2,346 SF

View details

Loft-Style Triplex

7858 E GLENROSA Avenue, Scottsdale, AZ 85251

$1,649,000

View details

Updated One-Bedroom Condo

5335 E Shea Blvd #2090, Scottsdale, AZ 85254

$289,000

794 SF

View details

Two-Unit Office Property

138-6730 E Mcdowell Rd, Scottsdale, AZ 85256

$250,000

1,000 SF

View details

Two-Bedroom Residential Condo

10301 N 70th St #210, Scottsdale, AZ 85253

$339,000

1,061 SF

View details

Two-Bedroom Residential Income Property

11011 N 92nd St #2091, Scottsdale, AZ 85260

$329,900

1,143 SF

View details

Residential Income Property with Covered Parking

20100 N 78TH Place 2160, Scottsdale, AZ 85255

$350,000

1,116 SF

View details

No-Stairs Residential Income Property

5995 N 78th St #1066, Scottsdale, AZ 85250

$259,900

664 SF

View details

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