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$465,000

For Sale - Active
5111 N 83rd St, Scottsdale, AZ 85250
2 Beds
3 Baths
1,752 Square Feet
0.04 Acres Lot
Built in 1969
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Jun 18, 2025 at 03:04AM

Investment Summary


Monthly Cash Flow
-$1,097
Cap Rate
3.5%
Cash-on-Cash Return
-12.3%
Debt Coverage Ratio
0.55
Internal Rate of Return (5 years)
-7.9%

Property Description


0.04 Acres Lot
Built in 1969
For Sale - Active
Units n/a

Welcome to the best of South Scottsdale living, near Chaparral Park, scenic lakes, dog parks, and everything Downtown Scottsdale has to offer, with Camelback Mountain framing the view. This two-story home features an open layout with a private patio, guest bath, laundry room, pantry, and two-car covered parking, plus oversized storage. Upstairs, enjoy two spacious Primary Bedrooms, each with walk-in closets, en-suite bathrooms and plenty of natural light. Stylish, functional, and move-in ready, this is Scottsdale convenience at its finest.

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Location


Property Details


Parking

  • Description: Covered, Carport
  • Details: Assigned
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Total): 3.0

Interior Features

  • # of Stories: 2

Exterior Features

  • Exterior Walls Materials: Block
  • Roof Material: Other
  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • Association: City Prop. Mgmt.
  • HOA Fee: $289/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Townhouse

Lot Information

  • Parcel ID: 17326157
  • Lot Size: 1820 sqft

Property Information

  • Property Type: Townhouse
  • Style: Other
  • Year Built: 1969

Tax Information

  • Annual Tax: $1,176

Utilities

  • Water & Sewer: Public
  • Heating: Electric
  • Cooling: Central Air, Ceiling Fan(s)

Location

  • County: Maricopa

Listing Details


Listed by:
Jonathan Budwig
Realty ONE Group
(480) 797-8461

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6867001
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$1,097
Cap Rate
3.5%
Cash-on-Cash Return
-12.3%
Debt Coverage Ratio
0.55
Internal Rate of Return (5 years)
-7.9%

Purchase Details

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Purchase price:
$465,000
Amount financed:
-$372,000
Down payment:
$93,000
Closing costs:
$13,950
Rehab costs:
$0
Initial cash invested:
$106,950
Square feet:
1,752
Cost per square foot:
$265
Monthly rent per square foot:
$1.43

Financing Details

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Loan amount:
$372,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$2,435
Property tax:
$98
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,708

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (4%)
4%-$98-$1,176
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (12%)
12%-$289-$3,468
Total operating expenses: (40%)
40%-$1,012-$12,144

Cash Flow


Monthly Yearly
Net operating income:
$1,338 $16,056
Mortgage payments:
-$2,435 -$29,220
Cash flow:
$1,097 $13,164