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$470,000

For Sale - Active
11562 W Levi Dr, Avondale, AZ 85323
3 Beds
2 Baths
1,987 Square Feet
0.14 Acres Lot
Built in 2021
For Sale - Active
Units n/a
Checked: 7 hours ago
Updated: Jun 22, 2025 at 03:09AM

Investment Summary


Monthly Cash Flow
-$1,117
Cap Rate
3.4%
Cash-on-Cash Return
-12.4%
Debt Coverage Ratio
0.55
Internal Rate of Return (5 years)
-8.0%

Property Description


0.14 Acres Lot
Built in 2021
For Sale - Active
Units n/a

3 bedroom, 2 bath home built in 2020 and like brand new! Kitchen features a huge kitchen island with breakfast bar and stainless-steel under-mount sink, granite countertops, custom cabinets, subway tile back splash, gas stove, stainless-steel appliances and tons of cabinet and countertop. Split master suite with His & Her's dual Vanities, granite countertops, custom walk-in shower, private toilet room and spacious walk-in closet. Gorgeous Low Maintenance landscaping in front and back w/ desert style out front w/ drip line and timer, artificial grass area out back with covered patio and decorative pavers

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Location


Property Details


Parking

  • Description: Tandem
  • Garage Spaces: 3
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Total): 2.0

Interior Features

  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Material: Tile, Concrete
  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • Association: Alamar Community Ass
  • HOA Fee: $90/monthly

Land Information

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

Lot Information

  • Parcel ID: 50067137
  • Lot Size: 6000 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2021

Tax Information

  • Annual Tax: $3,496

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas
  • Cooling: Central Air

Location

  • County: Maricopa

Listing Details


Listed by:
Davinder Monder
West USA Realty
(623) 986-8321

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6851141
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$1,117
Cap Rate
3.4%
Cash-on-Cash Return
-12.4%
Debt Coverage Ratio
0.55
Internal Rate of Return (5 years)
-8.0%

Purchase Details

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Purchase price:
$470,000
Amount financed:
-$376,000
Down payment:
$94,000
Closing costs:
$14,100
Rehab costs:
$0
Initial cash invested:
$108,100
Square feet:
1,987
Cost per square foot:
$237
Monthly rent per square foot:
$1.26

Financing Details

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Loan amount:
$376,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$2,461
Property tax:
$291
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,927

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (12%)
12%-$291-$3,496
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (4%)
4%-$90-$1,080
Total operating expenses: (40%)
40%-$1,006-$12,076

Cash Flow


Monthly Yearly
Net operating income:
$1,344 $16,128
Mortgage payments:
-$2,461 -$29,532
Cash flow:
$1,117 $13,404