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$624,999

Sale Pending
13615 W Merrell St, Avondale, AZ 85392
5 Beds
3 Baths
3,728 Square Feet
0.20 Acres Lot
Built in 2005
Sale Pending
Units n/a
Checked: 8 hours ago
Updated: Jun 17, 2025 at 03:35AM

Investment Summary


Monthly Cash Flow
-$1,172
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


0.20 Acres Lot
Built in 2005
Sale Pending
Units n/a

Huge, 5 Bed, 3 Bath BASEMENT home in Fulton Estates. Beautiful ranch-style home with low-maintenance landscaping, a 3-car garage, and RV gate. Inside, a welcoming foyer leads to a bright, spacious living/dining area, new paint, neutral tile in high-traffic zones, and plush carpet in others. The family room connects to the kitchen and opens to the backyard for seamless entertaining. The eat-in kitchen includes staggered cabinets with crown molding, SS appliances, solid surface counters, an island, and a walk-in pantry. Primary bedroom has outdoor access, a full ensuite w/ dual sinks, makeup vanity, and a walk-in closet. In the basement, you'll find a large bonus room ideal for a game/entertainment center, cinema, or a home gym, 2 bedrooms and a full bath. 2 new A/C units w/ warranty! Enjoy relaxing in the backyard on the covered patio while sipping your favorite beverage. Desirable location, close to restaurants, markets, major roads, and easy access to the I-10. Hurry to see!

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Total): 3.0

Interior Features

  • # of Stories: 1
  • Basement: Yes

Exterior Features

  • Exterior Walls Materials: Wood
  • Roof Material: Tile

HOA

  • Has HOA: Yes
  • Association: Fulton
  • HOA Fee: $298/quarterly

Land Information

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

Lot Information

  • Parcel ID: 50802466
  • Lot Size: 8750 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2005

Tax Information

  • Annual Tax: $3,036

Utilities

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

Location

  • County: Maricopa

Listing Details


Listed by:
T. Wayne Cole
Realty ONE Group
(602) 600-0106

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6822069
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$1,172
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:
$624,999
Amount financed:
-$499,999
Down payment:
$125,000
Closing costs:
$18,750
Rehab costs:
$0
Initial cash invested:
$143,750
Square feet:
3,728
Cost per square foot:
$168
Monthly rent per square foot:
$0.83

Financing Details

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Loan amount:
$499,999
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,958
Property tax:
$253
Insurance:
$217
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,428

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: (8%)
8%-$253-$3,036
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: (3%)
3%-$100-$1,200
Total operating expenses: (36%)
36%-$1,128-$13,536

Cash Flow


Monthly Yearly
Net operating income:
$1,786 $21,432
Mortgage payments:
-$2,958 -$35,496
Cash flow:
$1,172 $14,064