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3862 N 51st St, Phoenix, Arizona 85018
$
12500
Bedrooms
6
Utilities Included
No
Bathrooms
6
Furnished
Yes
Available to Lease on
ASAP
Property Type
Single Family
SQFT
3913
Talk to STR Exchange
Key metrics
Rent
$
12500
Monthly Estimated Profit?
$
10,308
Annual Estimated Profit?
$
123,700
Acquisition Fee
$
3,500
Security Deposit
$
25,000 (2 months' rent)
Average Daily Rate
$
1,532
Occupancy
49%
Annual Revenue
$
273,700
Key Features

Home located at 3862 N 51st St in the highly desirable Arcadia Lite neighborhood of Phoenix, Arizona. This expansive 6-bedroom, 5.5-bathroom residence offers a versatile 3,913 sq ft floor plan designed for luxury living and seamless entertaining.

The home is filled with breathtaking natural light and features five private en-suite bedrooms, each with walk-in closets and modern finishes. Outside, you'll find a private oasis with a pool, spa, and covered patio surrounded by lush mature landscaping. Enjoy the convenience of a prime central location just minutes from iconic spots like The Henry, Postino, and the Arizona Canal trails in this vibrant and safe coastal-style community.

Property Features

  • Gourmet Kitchen: Oversized island, stainless appliances, and abundant storage.
  • Outdoor Living: Private pool, spa, and covered patio for year-round relaxation.
  • Luxury Finishes: Hard surface flooring throughout main living areas and modern en-suite baths.
  • Prime Location: Minutes from upscale dining at LGO, Buck & Rider, and Scottsdale Fashion Square.
  • Smart Layout: Split bedrooms and multiple living spaces ideal for executives or families

STR Regulations Summary:  

Status:
STR Friendly

View Regulations Here

Phoenix, Arizona allows non-owner occupied short-term rentals (STRs) but has implemented regulations to govern their operation. As of January 15, 2024, all STR operators in Phoenix must obtain a permit from the city3. This applies to both owner-occupied and non-owner occupied properties.Key regulations for non-owner occupied STRs in Phoenix include:

  1. Registration and Permitting: Operators must register with the city and obtain a STR permit, which costs $250 for initial application and renewal3.
  2. Insurance: Maintain liability insurance coverage of at least $500,000 per property1.
  3. Display of Permit: The STR permit/license number must be displayed on all advertisements for the rental3.
  4. Neighbor Notification: Operators must inform adjacent properties of their intent to operate an STR3.
  5. Prohibited Uses: STRs cannot be used for large events like parties or weddings1.
  6. Penalties: Violations can result in fines ranging from $500 for the first offense to $3,500 for the third offense1.
  7. Taxes: STR operators must pay a combined tax rate of 12.57% for all state, county, and city taxes5.

Phoenix's regulations are considered relatively host-friendly compared to other major U.S. cities, as they do not restrict non-owner occupied STRs6. However, operators must comply with all city ordinances to avoid penalties and potential permit suspension13

Property Location

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