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$475,000

Under Contract
6940 E Cochise Rd Unit 1011, Paradise Valley, AZ 85253
2 Beds
2 Baths
1,618 Square Feet
0.02 Acres Lot
Built in 2008
Under Contract
Units n/a
Checked: 10 hours ago
Updated: Jun 19, 2025 at 03:37AM

Investment Summary


Monthly Cash Flow
-$590
Cap Rate
4.2%
Cash-on-Cash Return
-6.5%
Debt Coverage Ratio
0.74
Internal Rate of Return (5 years)
-2.3%

Property Description


0.02 Acres Lot
Built in 2008
Under Contract
Units n/a

Beautiful, move-in ready, Paradise Valley, 2 bed/2 bath townhome w/ 2-car garage in the gated community of Sandalo. This coveted and quiet interior unit offers both privacy and pool views. Enjoy 3 levels of thoughtfully designed living space. First level features a guest suite, remodeled en-suite bathroom with new Travertine showers and glass shower doors, new faucets and showerheads, laundry and private courtyard. Second level has a spacious living room w/ 22-foot high ceilings and 2 balconies. The spacious and updated kitchen opens to the large main living area with a fireplace. The kitchen also boasts an oversized island, electric range, new LG refrigerator (2023) and walk-in pantry. Third level features a large primary bedroom w/ full remodeled en-suite bathroom, new Travertine shower and glass shower doors, new faucets and showerheads, Jetta soaking tub (2021) and walk-in closet. Additional highlights include plantation shutters and smart motorized shades, beautiful Travertine flooring throughout (2021), new (2024) Hero water softener, tankless gas water heater (2021), new Trane HVAC system (2023), Minka Aire ceiling fans with remotes (2021), new LED recessed lights throughout (2021), new Google Nest smart thermostats (2), new Lift Master smart garage door opening system, garage cabinets & epoxy garage flooring (2021). Resort-style community heated pool & spa w/ BBQ area. Within Scottsdale's '3Cs' schools. Perfectly located near Old Town and Kierland just steps from restaurants and shops.

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Location


Property Details


Parking

  • Description: Attch'd Gar Cabinets, Dir Entry frm Garage, Electric Door Opener
  • Details: Garage Door Opener, Direct Access
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Total): 2.0

Interior Features

  • # of Stories: 3
  • Fireplace: Yes

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Sandalo
  • HOA Fee: $397/monthly

Land Information

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

Lot Information

  • Parcel ID: 17556114
  • Lot Size: 846 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 2008

Tax Information

  • Annual Tax: $1,840

Utilities

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

Location

  • County: Maricopa

Listing Details


Listed by:
Don Matheson
RE/MAX Fine Properties
(602) 694-3200

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6810037
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$590
Cap Rate
4.2%
Cash-on-Cash Return
-6.5%
Debt Coverage Ratio
0.74
Internal Rate of Return (5 years)
-2.3%

Purchase Details

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Purchase price:
$475,000
Amount financed:
-$380,000
Down payment:
$95,000
Closing costs:
$14,250
Rehab costs:
$0
Initial cash invested:
$109,250
Square feet:
1,618
Cost per square foot:
$294
Monthly rent per square foot:
$1.98

Financing Details

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Loan amount:
$380,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,248
Property tax:
$153
Insurance:
$224
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,625

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,200 $38,400
Vacancy loss: (6%)
6% -$192 -$2,304
Operating income:
$3,008 $36,096

Operating Expenses


% Rent Monthly Yearly
Property taxes: (5%)
5%-$153-$1,840
Insurance: (7%)
7%-$224-$2,688
Property management: (8%)
8%-$256-$3,072
Repairs & maintenance: (5%)
5%-$160-$1,920
Capital expenditures: (5%)
5%-$160-$1,920
HOA fees: (12%)
12%-$397-$4,764
Total operating expenses: (42%)
42%-$1,350-$16,204

Cash Flow


Monthly Yearly
Net operating income:
$1,658 $19,896
Mortgage payments:
-$2,248 -$26,976
Cash flow:
$590 $7,080