Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Copied
Floor Plan
Copied
Floor Plan
Photo
Photo
Photo
See all photos

$1,995,000

For Sale - Active
4843 N 72nd Way, Scottsdale, AZ 85251
2 Beds
3 Baths
2,122 Square Feet
0.03 Acres Lot
Built in 1963
For Sale - Active
Units n/a
Checked: 6 hours ago
Updated: Aug 31, 2025 at 10:06AM

Investment Summary


Monthly Cash Flow
-$5,150
Cap Rate
2.6%
Cash-on-Cash Return
-13.5%
Debt Coverage Ratio
0.45
Internal Rate of Return (5 years)
-9.0%

Property Description


0.03 Acres Lot
Built in 1963
For Sale - Active
Units n/a

The fabulous Mediterranean townhome was rebuilt with passion in every detail. European appliances,RH finishes, handmade tile and Waterworks fixtures that complement the Moroccan Tadelakt plaster showers. Old-world warmth and charm perfectly couple with modern design creating a rich environment loaded with the elegance and comfort, The herringbone floors, antique arched doors & reclaimed wood shelves juxtapose the sharp, trim-less wall finishes, floating stairs and glass railings. Savor a drink al fresco from the private spa, enjoy Old Town Scottsdale's world-class shopping and dining located just steps away, and take in the exceptional Camelback Mountain views from this private sun filled residence. This stunning home is accompanied by an absolutely phenomenal!

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Avatar
Avatar
Avatar

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent
Avatar
Avatar
Avatar

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender
Avatar
Avatar
Avatar

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager
Avatar
Avatar
Avatar

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Description: Dir Entry frm Garage, Electric Door Opener, Rear Vehicle Entry
  • Details: Garage Door Opener, Direct Access
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Total): 3.0

Interior Features

  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Material: Foam

HOA

  • Has HOA: Yes
  • Association: Royale Gardens HOA
  • HOA Fee: $450/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 17332121
  • Lot Size: 1520 sqft

Property Information

  • Property Type: Townhouse
  • Style: Spanish
  • Year Built: 1963

Tax Information

  • Annual Tax: $2,724

Utilities

  • Water & Sewer: Public
  • Heating: Electric
  • Cooling: Central Air

Location

  • County: Maricopa

Listing Details


Listed by:
Jonah Joffe
Compass
(602) 626-0775

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6892345
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$5,150
Cap Rate
2.6%
Cash-on-Cash Return
-13.5%
Debt Coverage Ratio
0.45
Internal Rate of Return (5 years)
-9.0%

Purchase Details

Find an Agent

Purchase price:
$1,995,000
Amount financed:
-$1,596,000
Down payment:
$399,000
Closing costs:
$59,850
Rehab costs:
$0
Initial cash invested:
$458,850
Square feet:
2,122
Cost per square foot:
$940
Monthly rent per square foot:
$3.39

Financing Details

Find a Lender

Loan amount:
$1,596,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$9,441
Property tax:
$227
Insurance:
$504
Private mortgage insurance (PMI):
$0
Monthly payment:
$10,172

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$7,200 $86,400
Vacancy loss: (6%)
6% -$432 -$5,184
Operating income:
$6,768 $81,216

Operating Expenses


% Rent Monthly Yearly
Property taxes: (3%)
3%-$227-$2,724
Insurance: (7%)
7%-$504-$6,048
Property management: (8%)
8%-$576-$6,912
Repairs & maintenance: (5%)
5%-$360-$4,320
Capital expenditures: (5%)
5%-$360-$4,320
HOA fees: (6%)
6%-$450-$5,400
Total operating expenses: (34%)
34%-$2,477-$29,724

Cash Flow


Monthly Yearly
Net operating income:
$4,291 $51,492
Mortgage payments:
-$9,441 -$113,292
Cash flow:
-$5,150 -$61,800