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$670,000

For Sale - Active
1330 N Indian Springs Ln, Flagstaff, AZ 86004
3 Beds
2 Baths
1,446 Square Feet
0.26 Acres Lot
Built in 1979
For Sale - Active
Units n/a
Checked: 2 hours ago
Updated: Jun 20, 2025 at 03:30AM

Investment Summary


Monthly Cash Flow
-$1,263
Cap Rate
3.4%
Cash-on-Cash Return
-9.8%
Debt Coverage Ratio
0.60
Internal Rate of Return (5 years)
-5.5%

Property Description


0.26 Acres Lot
Built in 1979
For Sale - Active
Units n/a

This fresh update to a classic Continental Country Club home is set on a landscaped corner lot in a quiet area with easy access to Butler Ave and local schools. This comfy home is move-in ready with upgraded appliances, newer windows, and a practical layout. Step from the living room into a fully fenced backyard, ideal for relaxing in the fresh mountain air. You will appreciate the large flat driveway with good sun exposure, air conditioning to keep you cool in the summer, and a cozy fireplace to make winter evenings warm and inviting. Check out this amazingly cared for home and you'll find everything you need at an entry level price in a wonderful Flagstaff neighborhood.

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Location


Property Details


Parking

  • Details: Garage Door Opener, Direct Access
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Total): 2.0

Interior Features

  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Roof Material: Composition

HOA

  • Has HOA: Yes
  • Association: Cont Country Club
  • HOA Fee: $744/annually

Land Information

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

Lot Information

  • Parcel ID: 11718057
  • Lot Size: 11228 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Other
  • Year Built: 1979

Tax Information

  • Annual Tax: $2,023

Utilities

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

Location

  • County: Coconino

Listing Details


Listed by:
David B Swain
RealtyONEGroup Mountain Desert
(928) 600-4012

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6866459
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$1,263
Cap Rate
3.4%
Cash-on-Cash Return
-9.8%
Debt Coverage Ratio
0.60
Internal Rate of Return (5 years)
-5.5%

Purchase Details

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Purchase price:
$670,000
Amount financed:
-$536,000
Down payment:
$134,000
Closing costs:
$20,100
Rehab costs:
$0
Initial cash invested:
$154,100
Square feet:
1,446
Cost per square foot:
$463
Monthly rent per square foot:
$2.14

Financing Details

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Loan amount:
$536,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$3,171
Property tax:
$169
Insurance:
$217
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,557

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,100 $37,200
Vacancy loss: (6%)
6% -$186 -$2,232
Operating income:
$2,914 $34,968

Operating Expenses


% Rent Monthly Yearly
Property taxes: (5%)
5%-$169-$2,023
Insurance: (7%)
7%-$217-$2,604
Property management: (8%)
8%-$248-$2,976
Repairs & maintenance: (5%)
5%-$155-$1,860
Capital expenditures: (5%)
5%-$155-$1,860
HOA fees: (2%)
2%-$62-$744
Total operating expenses: (32%)
32%-$1,006-$12,067

Cash Flow


Monthly Yearly
Net operating income:
$1,908 $22,896
Mortgage payments:
-$3,171 -$38,052
Cash flow:
$1,263 $15,156