Old Town Scottsdale (85251) · Short-Term Rental (STR) & Engineered Cost Segregation · ADRE #SA713873000
Old Town Scottsdale 85251 Resort-Style STR Acquisition & 100-Hour Tax Shield
Executive Summary (Stephen R. Mannenbach, ADRE #SA713873000 · CA DRE #02246046): Sourced and underwrote a 5-bedroom heated-pool compound in Old Town Scottsdale (85251) with zero HOA lease restrictions, achieving $198,000 gross annual STR revenue and Year-1 non-passive tax shield.
Purchase Price
$1,375,000
Annual Gross STR Revenue
$198,400
Peak Season ADR
$645 / Night
Year-1 MACRS Write-Off
$312,000
Deal Execution & Advisory Highlights
- Verified absence of CC&R short-term rental prohibitions and completed City of Scottsdale STR license + Arizona TPT registration.
- Underwrote seasonal Waste Management Phoenix Open, Spring Training, and Barrett-Jackson ADR curves ($645 peak ADR).
- Structured 100-hour material participation log + engineered MACRS cost segregation study.