LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,075
Monthly Cash Flow
-$2,161
Principal + Equity
$5,524
Annual Total Gain
$40,360
Cash on Cash
-12.42%
Net ROI %
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
A-
Overall
Top-level market grade
Best Cities to Live in America
#25out of 229 markets
Best Cities to Retire in America
#1out of 229 markets
Cities with the Best Public Schools in America
#20out of 229 markets
A-
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Scottsdale, AZ.
Scottsdale, AZ has specific regulations in place for Short Term Rentals (STR) that investors should be aware of before purchasing a property for this purpose. Some key points to consider include:
1. Registration and Licensing: All STR properties in Scottsdale must be registered with the city and obtain a Short-Term Rental License. This license is required for any property rented out for less than 30 consecutive days.
2. Occupancy Limits: There are strict occupancy limits for STR properties in Scottsdale, with a maximum of 10 occupants allowed in a single-family home and up to 4 occupants per bedroom. This is to ensure the safety and well-being of guests and neighbors.
3. Noise and Disturbance Regulations: Scottsdale has noise ordinances in place to prevent disturbances to neighbors from STR properties. Quiet hours are typically enforced between 10pm and 7am, and excessive noise can result in fines or penalties.
4. Parking Regulations: Parking regulations are also important to consider, as STR properties must provide adequate parking for guests without causing congestion or inconvenience to neighbors. Some neighborhoods may have specific parking restrictions in place.
5. HOA Restrictions: If the property is located within a homeowners association (HOA), investors should be aware of any additional restrictions or regulations that may apply to STR properties. Some HOAs may have their own rules regarding short-term rentals.
6. Taxation: Investors should also be aware of any local taxes or fees that may apply to STR properties in Scottsdale. This can include transient lodging taxes, sales taxes, or other fees that must be collected and remitted to the city.
Overall, investors should thoroughly research and understand the regulations and requirements for Short Term Rentals in Scottsdale before purchasing a property for this purpose. Failure to comply with these regulations can result in fines, penalties, or even the revocation of the Short-Term Rental License.
Market Trends Over Time
Explore 25 years of market data for Scottsdale, AZ, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Scottsdale, AZ.
The LTR Genie Score of Scottsdale, AZ is 49 and STR Genie Score is 62. The LTR Rentability is low, which may be attributed to the low LTR Rent Growth Rate of 0.0593% and 1-Year Price Appreciation Forecast of 0.61%. On the other hand, the STR Genie Score is higher due to the higher STR Net ROI of 26.4% and STR Occupancy rate of 65.38%. The LTR Genie Score is lower than the STR Genie Score, indicating that short-term rental investment may be more attractive in this market.
Scottsdale, AZ is known for its luxury real estate market, golf courses, and vibrant arts scene. The city attracts tourists and snowbirds looking for a warm climate, making it a popular destination for short-term rentals. However, the long-term rental market may be more challenging due to lower rent growth rates.
Based on the metrics provided, Scottsdale, AZ appears to be more attractive for short-term rental investment rather than long-term rental investment. With a higher STR Genie Score and favorable metrics such as higher net ROI and occupancy rate, real estate investors may find more success in the short-term rental market in this area. It is recommended to further research the market trends and demand for short-term rentals in Scottsdale before making any investment decisions.
