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$514,995

For Sale - Active
11623 W Marguerite Ave, Avondale, AZ 85323
4 Beds
3 Baths
1,970 Square Feet
0.14 Acres Lot
Built in 2021
For Sale - Active
Units n/a
Checked: 16 hours ago
Updated: Jun 20, 2025 at 03:36AM

Investment Summary


Monthly Cash Flow
-$864
Cap Rate
3.7%
Cash-on-Cash Return
-8.8%
Debt Coverage Ratio
0.65
Internal Rate of Return (5 years)
-4.5%

Property Description


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

Welcome to 11623 W Marguerite Ave a former model home and still flaunting it like it's on a runway! Loaded with upgrades: designer tile, plush carpet, statement lighting, and full window treatments. The gourmet kitchen serves looks and meals with quartz counters, chevron backsplash, gas range, 42' staggered cabinets, and black stainless appliances. Great room flexes a multi-slide door and custom entertainment center. Owner's suite has a walk-in shower big enough to cancel your spa membership. . Backyard oasis? Firepit, pavers, and views for days. Shop, dine, repeat just minutes away!

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Location


Property Details


Parking

  • Description: Dir Entry frm Garage, Electric Door Opener
  • Details: Garage Door Opener, Direct Access
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Total): 3.0

Interior Features

  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Material: Tile

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: 50067117
  • Lot Size: 6000 sqft

Property Information

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

Tax Information

  • Annual Tax: $3,223

Utilities

  • Water & Sewer: Public
  • Heating: Electric
  • Cooling: Central Air, Ceiling Fan(s)

Location

  • County: Maricopa

Listing Details


Listed by:
Jeremy Pierce
Berkshire Hathaway HomeServices Arizona Properties
(480) 843-4797

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6855521
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$864
Cap Rate
3.7%
Cash-on-Cash Return
-8.8%
Debt Coverage Ratio
0.65
Internal Rate of Return (5 years)
-4.5%

Purchase Details

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Purchase price:
$514,995
Amount financed:
-$411,996
Down payment:
$102,999
Closing costs:
$15,450
Rehab costs:
$0
Initial cash invested:
$118,449
Square feet:
1,970
Cost per square foot:
$261
Monthly rent per square foot:
$1.42

Financing Details

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Loan amount:
$411,996
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,437
Property tax:
$269
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,902

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,800 $33,600
Vacancy loss: (6%)
6% -$168 -$2,016
Operating income:
$2,632 $31,584

Operating Expenses


% Rent Monthly Yearly
Property taxes: (10%)
10%-$269-$3,223
Insurance: (7%)
7%-$196-$2,352
Property management: (8%)
8%-$224-$2,688
Repairs & maintenance: (5%)
5%-$140-$1,680
Capital expenditures: (5%)
5%-$140-$1,680
HOA fees: (3%)
3%-$90-$1,080
Total operating expenses: (38%)
38%-$1,059-$12,703

Cash Flow


Monthly Yearly
Net operating income:
$1,573 $18,876
Mortgage payments:
-$2,437 -$29,244
Cash flow:
$864 $10,368