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$485,000

For Sale - Active
12622 W Avalon Dr, Avondale, AZ 85392
4 Beds
2 Baths
1,948 Square Feet
0.16 Acres Lot
Built in 2001
For Sale - Active
Units n/a
Checked: 21 hours ago
Updated: Jun 01, 2025 at 03:36AM

Investment Summary


Monthly Cash Flow
-$978
Cap Rate
3.3%
Cash-on-Cash Return
-10.5%
Debt Coverage Ratio
0.57
Internal Rate of Return (5 years)
-6.2%

Property Description


0.16 Acres Lot
Built in 2001
For Sale - Active
Units n/a

This stunning 4-bedroom, 2-bathroom residence has been thoughtfully updated. The updated kitchen features modern appliances, making meal prep a breeze, while the recently upgraded bathrooms add a touch of contemporary elegance.Stay comfortable year-round with a newer AC unit replaced just last year. Energy efficiency is enhanced with installed paid off Solar Panels, adding even more value to this exceptional home. True gem of this property is the resort-style backyard—an outdoor oasis designed for relaxation and entertaining! Enjoy sunny Arizona days by the pool! Below Market Rate Assumable loan!!

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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: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Material: Tile
  • Pool: Yes

HOA

  • Has HOA: Yes
  • Association: Corte Sierra
  • HOA Fee: $66/monthly

Land Information

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

Lot Information

  • Parcel ID: 50172246
  • Lot Size: 6957 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2001

Tax Information

  • Annual Tax: $1,618

Utilities

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

Location

  • County: Maricopa

Listing Details


Listed by:
Lauren Taylor
eXp Realty
(480) 685-7633

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6824351
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$978
Cap Rate
3.3%
Cash-on-Cash Return
-10.5%
Debt Coverage Ratio
0.57
Internal Rate of Return (5 years)
-6.2%

Purchase Details

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Purchase price:
$485,000
Amount financed:
-$388,000
Down payment:
$97,000
Closing costs:
$14,550
Rehab costs:
$0
Initial cash invested:
$111,550
Square feet:
1,948
Cost per square foot:
$249
Monthly rent per square foot:
$1.13

Financing Details

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Loan amount:
$388,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,295
Property tax:
$135
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,584

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%-$135-$1,618
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: (3%)
3%-$66-$792
Total operating expenses: (34%)
34%-$751-$9,010

Cash Flow


Monthly Yearly
Net operating income:
$1,317 $15,804
Mortgage payments:
-$2,295 -$27,540
Cash flow:
$978 $11,736