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$375,000

For Sale - Active
11626 W Holly St, Avondale, AZ 85392
3 Beds
2 Baths
1,335 Square Feet
0.14 Acres Lot
Built in 1998
For Sale - Active
Units n/a
Checked: 16 hours ago
Updated: Jun 10, 2025 at 04:07AM

Investment Summary


Monthly Cash Flow
-$697
Cap Rate
3.4%
Cash-on-Cash Return
-9.7%
Debt Coverage Ratio
0.61
Internal Rate of Return (5 years)
-5.4%

Property Description


0.14 Acres Lot
Built in 1998
For Sale - Active
Units n/a

Charming 3-Bedroom Home with Vaulted Ceilings, New Upgrades & save money each month on a FULLY PAID OFF SOLAR SYSTEM!! Welcome to your dream home! This beautifully updated 3-bedroom, 2-bathroom gem offers 1,334 sq ft of thoughtfully designed living space, perfect for both relaxation and entertaining. Step inside to discover a bright, airy open floor plan filled with natural light, enhanced by soaring vaulted ceilings that create an expansive and inviting ambiance. Freshly updated with brand new carpet and crisp interior paint, every room feels refreshed and move-in ready. The spacious kitchen is a chef's delight, featuring ample cabinetry, a breakfast nook ideal for casual dining, and an effortless flow into the main living areas. Retreat to the wonderful primary suite, complete with a generously sized walk-in closet and a serene, private bath. Two additional bedrooms provide flexibility for family, guests, or a home office. Step outside to your large backyard oasisperfect for gatherings, gardening, or simply enjoying the outdoors. The covered patio offers a shady retreat on sunny days and the ideal setting for year-round barbecues or relaxing with a book. And here's the cherry on top: this home comes with owned solar panels, providing significant energy savings and eco-friendly living from day one! Located near Avondale's popular Gateway Pavilions, offering a variety of dining, entertainment, and retail optionsthis home has everything you need and more. Don't miss your chance to make it yours!

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Location


Property Details


Parking

  • Description: Covered, Garage
  • Garage Spaces: 2
  • Spaces Total: 3

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 5
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Wood
  • Roof Material: Tile

HOA

  • Has HOA: Yes
  • Association: North Avondale HOA
  • HOA Fee: $53/monthly

Land Information

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

Lot Information

  • Parcel ID: 50174335
  • Lot Size: 6046 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1998

Tax Information

  • Annual Tax: $1,325

Utilities

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

Location

  • County: Maricopa

Listing Details


Listed by:
Kelly Henderson
Keller Williams Arizona Realty
(602) 518-2293

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6872421
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$697
Cap Rate
3.4%
Cash-on-Cash Return
-9.7%
Debt Coverage Ratio
0.61
Internal Rate of Return (5 years)
-5.4%

Purchase Details

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Purchase price:
$375,000
Amount financed:
-$300,000
Down payment:
$75,000
Closing costs:
$11,250
Rehab costs:
$0
Initial cash invested:
$86,250
Square feet:
1,335
Cost per square foot:
$281
Monthly rent per square foot:
$1.35

Financing Details

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Loan amount:
$300,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,775
Property tax:
$110
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,011

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (6%)
6%-$110-$1,325
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (3%)
3%-$54-$648
Total operating expenses: (34%)
34%-$614-$7,373

Cash Flow


Monthly Yearly
Net operating income:
$1,078 $12,936
Mortgage payments:
-$1,775 -$21,300
Cash flow:
$697 $8,364