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$395,000

For Sale - Active
11159 W Tonto St, Avondale, AZ 85323
3 Beds
2 Baths
1,599 Square Feet
0.13 Acres Lot
Built in 2005
For Sale - Active
Units n/a
Checked: 19 hours ago
Updated: May 17, 2025 at 03:51AM

Investment Summary


Monthly Cash Flow
-$771
Cap Rate
4.0%
Cash-on-Cash Return
-10.2%
Debt Coverage Ratio
0.63
Internal Rate of Return (5 years)
-5.9%

Property Description


0.13 Acres Lot
Built in 2005
For Sale - Active
Units n/a

This AMAZING GEM WOWS from the moment you walk in the front door. Stylishly updated with designer touches, this ENTERTAINERS DREAM floor plan feature 3 beds, a den and 2 baths.Welcoming family room and kitchen perfect for hosting family and friends. Beautiful low maintenance, PRIVATE backyard. New AC UNIT 2019, OWNED SOLAR and smart features throughout. Close to freeways, shopping and restaurants! This home is a MUST SEE!

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Location


Property Details


Parking

  • Description: Covered, Garage
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Total): 2.0

Interior Features

  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Wood
  • Roof Material: Tile
  • Solar Panels: Yes

HOA

  • Has HOA: Yes
  • Association: Starlight Trail
  • HOA Fee: $87/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 10101379
  • Lot Size: 5873 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2005

Tax Information

  • Annual Tax: $1,480

Utilities

  • Water & Sewer: Public
  • Heating: Electric
  • Cooling: Central Air

Location

  • County: Maricopa

Listing Details


Listed by:
Jaime L Blikre
My Home Group Real Estate
(602) 300-4626

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6845142
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$771
Cap Rate
4.0%
Cash-on-Cash Return
-10.2%
Debt Coverage Ratio
0.63
Internal Rate of Return (5 years)
-5.9%

Purchase Details

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Purchase price:
$395,000
Amount financed:
-$316,000
Down payment:
$79,000
Closing costs:
$11,850
Rehab costs:
$0
Initial cash invested:
$90,850
Square feet:
1,599
Cost per square foot:
$247
Monthly rent per square foot:
$1.38

Financing Details

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Loan amount:
$316,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.890%
Principal & interest:
$2,079
Property tax:
$123
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,356

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (6%)
6%-$123-$1,480
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (4%)
4%-$87-$1,044
Total operating expenses: (35%)
35%-$760-$9,124

Cash Flow


Monthly Yearly
Net operating income:
$1,308 $15,696
Mortgage payments:
-$2,079 -$24,948
Cash flow:
$771 $9,252