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$480,000

For Sale - Active
5998 N 78th St Unit 222, Scottsdale, AZ 85250
3 Beds
2 Baths
1,764 Square Feet
1.36 Acres Lot
Built in 1985
For Sale - Active
Units n/a
Checked: 3 hours ago
Updated: Jun 13, 2025 at 03:29AM

Investment Summary


Monthly Cash Flow
-$1,046
Cap Rate
3.1%
Cash-on-Cash Return
-11.4%
Debt Coverage Ratio
0.54
Internal Rate of Return (5 years)
-7.0%

Property Description


1.36 Acres Lot
Built in 1985
For Sale - Active
Units n/a

Welcome to the heart of Scottsdale! This stunning 3 bed, 2 bath condo is nestled in one of the most sought-after communities in the city. Step inside to soaring vaulted ceilings that create an airy, open feel, perfect for relaxing or entertaining. This beauty was updated and 2022 and looks fabulous. Enjoy the lush green courtyard just outside your door and take full advantage of two sparkling pools, two soothing hot tubs, and built-in gas grills ideal for weekend BBQs. Whether you're sipping coffee on your private patio or heading out to Golf, a Spring Training Game, Old Town, Fashion Square, or nearby world-class dining, you'll love the unbeatable location and easy access to the 101. Stylish, very spacious, resort-style living—it's all here. Don't miss this rare Scottsdale gem!

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Location


Property Details


Parking

  • Description: Assigned
  • Details: Common
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 5
  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Wood
  • Roof Material: Tile
  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • Association: Villa Estados
  • HOA Fee: $420/monthly

Land Information

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

Lot Information

  • Parcel ID: 17303905
  • Lot Size: 59063 sqft

Property Information

  • Property Type: Townhouse
  • Style: Spanish
  • Year Built: 1985

Tax Information

  • Annual Tax: $1,776

Utilities

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

Location

  • County: Maricopa

Listing Details


Listed by:
Danny Hicke
Caliber Realty Group, LLC
(480) 406-5123

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6861567
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$1,046
Cap Rate
3.1%
Cash-on-Cash Return
-11.4%
Debt Coverage Ratio
0.54
Internal Rate of Return (5 years)
-7.0%

Purchase Details

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Purchase price:
$480,000
Amount financed:
-$384,000
Down payment:
$96,000
Closing costs:
$14,400
Rehab costs:
$0
Initial cash invested:
$110,400
Square feet:
1,764
Cost per square foot:
$272
Monthly rent per square foot:
$1.47

Financing Details

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Loan amount:
$384,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,272
Property tax:
$148
Insurance:
$182
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,602

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,600 $31,200
Vacancy loss: (6%)
6% -$156 -$1,872
Operating income:
$2,444 $29,328

Operating Expenses


% Rent Monthly Yearly
Property taxes: (6%)
6%-$148-$1,776
Insurance: (7%)
7%-$182-$2,184
Property management: (8%)
8%-$208-$2,496
Repairs & maintenance: (5%)
5%-$130-$1,560
Capital expenditures: (5%)
5%-$130-$1,560
HOA fees: (16%)
16%-$420-$5,040
Total operating expenses: (47%)
47%-$1,218-$14,616

Cash Flow


Monthly Yearly
Net operating income:
$1,226 $14,712
Mortgage payments:
-$2,272 -$27,264
Cash flow:
$1,046 $12,552