Two-Bedroom Residential Income
For Sale
$319,900
9708 E VIA LINDA 2358, Scottsdale, AZ 85258
Updated Scottsdale Ranch residence with balcony access, a fireplace, and community recreation amenities.
Property Size1,038 SF
Days on Market16
Property Features for 9708 E VIA LINDA 2358
General Information
Standard status
Active
Size
1,038 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$824
Amenities
tennis courts
pickleball courts
pool
spa
gardens
water features
fountains
walkways
fireplace
balcony
Building Details
Building Size
1,038 SF
Year Built
1986
Listing Agency:
Done Deal
(480) 771-9320
Listed By:
Andrew McCargar
(480) 771-9320
Source:
Alexiabertsatos
Added: Aug 7
Changed: Aug 18
Last Checked: Aug 21 at 11:23AM
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 Done Deal
Investment Insights
Based on property information with market context.
This two-bedroom, two-bath residential income property at 9708 E Via Linda 2358 features a vaulted living room with tile flooring and a wood-burning fireplace. The kitchen includes granite countertops, wood cabinetry, track lighting, stainless steel appliances, and a breakfast bar. The main bedroom has direct access to the balcony, a private bathroom, and a walk-in closet. Anderson windows have been added, and the property was built in 1986.
Located within The Racquet Club at Scottsdale Ranch, the residence has access to tennis courts, pickleball courts, pools, and spas. The community also includes landscaped gardens, water features, fountains, and walkways. Dining, shopping, and entertainment are nearby.
Located within The Racquet Club at Scottsdale Ranch, the residence has access to tennis courts, pickleball courts, pools, and spas. The community also includes landscaped gardens, water features, fountains, and walkways. Dining, shopping, and entertainment are nearby.
Key Highlights
- Two‑bedroom, two‑bath residential income property at 9708 E Via Linda 2358
- Vaulted living room with tile flooring and a wood‑burning fireplace
- Kitchen with granite countertops, wood cabinetry, stainless steel appliances, and breakfast bar
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
$12,010
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
3.75%
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%
$240,200
$240.2K
Cap Rate 7%
$171,571
$171.6K
Cap Rate 9%
$133,444
$133.4K
Market Conditions
NOI Build-Up for 1,038 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
$22.8K $21.96/SF
− Vacancy
−$957 −$0.92/SF
EGI
$21.8K $21.04/SF
− OpEx
−$9.8K −$9.47/SF
NOI
$12.0K $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%
$240,200
Cap Rate 7%
$171,571
Cap Rate 9%
$133,444
Alternative Uses
Best Use
Apartment 5plus
$171.6K
$150.1K – $200.2K
NOI $12,010 @ 7.0% cap · market cap 3.75%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$340.7K
$298.2K – $397.5K
NOI $23,852 @ 7.0% cap · market cap 7.46%
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
1,460
Businesses Nearby
Explore this area
Business Placement
Demographics for 85258, AZ
25,203
Population
15,566
Households
1.6
Avg Household Size
55
Median Age
63%
College-Educated
99%
High-School Grad
10.3 sq mi
ZIP Area
2,447
Density / Sq Mi
$105,171
Median Household Income
$68,184
Median Earnings
$1,945
Median Rent
$744,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated Scottsdale Ranch residence with balcony access, a fireplace, and community recreation amenities.
Where is this residential income property located?
The property is located at 9708 E VIA LINDA 2358 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Two‑bedroom, two‑bath residential income property at 9708 E Via Linda 2358; Vaulted living room with tile flooring and a wood‑burning fireplace; Kitchen with granite countertops, wood cabinetry, stainless steel appliances, and breakfast bar
