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$375,000

For Sale - Active
9600 N 96th St Apt 171, Scottsdale, AZ 85258
2 Beds
1 Bath
998 Square Feet
0.02 Acres Lot
Built in 1989
For Sale - Active
Units n/a
Checked: 22 hours ago
Updated: May 22, 2025 at 05:40AM

Investment Summary


Monthly Cash Flow
-$703
Cap Rate
3.4%
Cash-on-Cash Return
-9.8%
Debt Coverage Ratio
0.60
Internal Rate of Return (5 years)
-5.5%

Property Description


0.02 Acres Lot
Built in 1989
For Sale - Active
Units n/a

Beautifully Remodeled Turn-Key Home in the Heart of Scottsdale This fully updated 2-bedroom, 1-bathroom home offers modern living in a prime central Scottsdale location. Featuring an open-concept layout, highlighted by quartz countertops, stainless steel appliances, and a cozy fireplace. Tile flooring runs throughout the home, and large windows fill the space with natural light. In-unit washer and dryer, and a dedicated covered parking space located directly in front of the unit. Nestled within a charming community near McCormick Ranch, you'll have easy access to scenic trails, shopping, and dining. Currently operating as a successful Airbnb with an occupancy rate of over 80%, this property is perfect as a primary residence, vacation getaway, or income-generating investment.

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Total): 1.0

Interior Features

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

Exterior Features

  • Exterior Walls Materials: Wood
  • Roof Material: Tile

HOA

  • Has HOA: Yes
  • Association: Presidio Condo
  • HOA Fee: $282/monthly
  • Additional Association: McCormick Ranch
  • Additional HOA Fee: $255/annually

Land Information

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

Lot Information

  • Parcel ID: 21753687
  • Lot Size: 998 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 1989

Tax Information

  • Annual Tax: $887

Utilities

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

Location

  • County: Maricopa

Listing Details


Listed by:
Clayton Jack Susich
DWEL LLC
(480) 353-7259

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6868767
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$703
Cap Rate
3.4%
Cash-on-Cash Return
-9.8%
Debt Coverage Ratio
0.60
Internal Rate of Return (5 years)
-5.5%

Purchase Details

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Purchase price:
$375,000
Amount financed:
-$300,000
Down payment:
$75,000
Closing costs:
$11,250
Rehab costs:
$0
Initial cash invested:
$86,250
Square feet:
998
Cost per square foot:
$376
Monthly rent per square foot:
$2.10

Financing Details

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Loan amount:
$300,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,775
Property tax:
$74
Insurance:
$147
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,996

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,100 $25,200
Vacancy loss: (6%)
6% -$126 -$1,512
Operating income:
$1,974 $23,688

Operating Expenses


% Rent Monthly Yearly
Property taxes: (4%)
4%-$74-$887
Insurance: (7%)
7%-$147-$1,764
Property management: (8%)
8%-$168-$2,016
Repairs & maintenance: (5%)
5%-$105-$1,260
Capital expenditures: (5%)
5%-$105-$1,260
HOA fees: (14%)
14%-$303-$3,636
Total operating expenses: (43%)
43%-$902-$10,823

Cash Flow


Monthly Yearly
Net operating income:
$1,072 $12,864
Mortgage payments:
-$1,775 -$21,300
Cash flow:
$703 $8,436