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$369,900

Sale Pending
6885 E Cochise Rd Apt 219, Paradise Valley, AZ 85253
3 Beds
2 Baths
1,258 Square Feet
0.00 Acres Lot
Built in 1988
Sale Pending
Units n/a
Checked: 17 hours ago
Updated: Jul 30, 2025 at 05:08AM

Investment Summary


Monthly Cash Flow
-$671
Cap Rate
3.5%
Cash-on-Cash Return
-9.5%
Debt Coverage Ratio
0.62
Internal Rate of Return (5 years)
-5.2%

Property Description


0.00 Acres Lot
Built in 1988
Sale Pending
Units n/a

DONT MISS OUT ON THIS ONE, BEST CONDO DEAL IN ALL OF PV! Newly renovated and back on market after remodel, Ignore days on market! Discover your dream condo in Paradise Valley! This charming 3-bedroom, 2-bathroom unit is nestled in a serene gated community. Inside, enjoy an open floor plan with elegant luxury vinyl plank (LVP) flooring throughout the main areas. The modern kitchen features sleek appliances, quartz countertops, designer grade tile backsplash and a plethora of cabinets,. The spacious master suite includes an en-suite bathroom, while two additional bedrooms offer versatile living options. Relax on your private patio, ideal for enjoying the Arizona weather. Located near top-rated schools and local amenities, this home offers both comfort and convenience. Don't miss out—

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Material: Concrete
  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • Association: Mariposa Scottsdale
  • HOA Fee: $345/monthly

Land Information

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

Lot Information

  • Parcel ID: 17550253
  • Lot Size: 122 sqft

Property Information

  • Property Type: Apartment
  • Year Built: 1988

Tax Information

  • Annual Tax: $1,123

Utilities

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

Location

  • County: Maricopa

Listing Details


Listed by:
Michael Ratzken
Two Brothers Realty & Co
(480) 232-9990

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6881365
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$671
Cap Rate
3.5%
Cash-on-Cash Return
-9.5%
Debt Coverage Ratio
0.62
Internal Rate of Return (5 years)
-5.2%

Purchase Details

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Purchase price:
$369,900
Amount financed:
-$295,920
Down payment:
$73,980
Closing costs:
$11,097
Rehab costs:
$0
Initial cash invested:
$85,077
Square feet:
1,258
Cost per square foot:
$294
Monthly rent per square foot:
$1.75

Financing Details

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Loan amount:
$295,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,750
Property tax:
$94
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,998

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (4%)
4%-$94-$1,123
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (16%)
16%-$345-$4,140
Total operating expenses: (45%)
45%-$989-$11,863

Cash Flow


Monthly Yearly
Net operating income:
$1,079 $12,948
Mortgage payments:
-$1,750 -$21,000
Cash flow:
$671 $8,052