Scottsdale deal at 66% of ARV — how would you structure the exit?

Question

Looking for investor feedback on a Scottsdale opportunity I’m connected to.

Property: 7403 E Garfield Rd, Scottsdale, AZ 852573 bed / 2 bath / 1,660 SF / 1 carport

Numbers:Purchase price: $510,000Estimated ARV: $775,000

At roughly 66% of ARV, this looks interesting on paper, but I’d rather hear how experienced investors here would underwrite it in the current Arizona market.

The main questions I’m looking at are:

Would you view this more as a flip, a wholetail, or something to pass on entirely?

What rehab or holding-cost risks would you be most careful about in a Scottsdale property at this price point?

For those active in the Phoenix/Scottsdale area, does this spread still feel strong enough once you factor in today’s buyer demand and resale timelines?

Disclosure: I’m connected to the deal, so I’m sharing it here for feedback and discussion, not to pitch services.

Would love to hear how others in this group would evaluate it.

Jaron Walling · Answer

@Sina Sabeti Unless I'm looking at the wrong property I see very little value add here. It's basically move in ready with new flooring and a nice looking kitchen. Those look like solid wood cabinets. A pop of interior color, countertops, and maybe a roof would be about it. If it's worth $775k fixed up I feel bad for the current seller. Unless the property has underlying issues they are getting the short stick but sometimes it's not about the money.

https://www.zillow.com/homedetails/7403-E-Garfield-St-Scotts...

Scottsdale deal at 66% of ARV — how would you structure the exit?

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