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$534,999

For Sale - Active
1822 E Roma Ave, Phoenix, AZ 85016
2 Beds
2 Baths
1,104 Square Feet
0.25 Acres Lot
Built in 1950
For Sale - Active
Units n/a
Checked: 14 hours ago
Updated: Jun 24, 2025 at 03:13AM

Investment Summary


Monthly Cash Flow
-$1,376
Cap Rate
2.6%
Cash-on-Cash Return
-13.4%
Debt Coverage Ratio
0.46
Internal Rate of Return (5 years)
-9.0%

Property Description


0.25 Acres Lot
Built in 1950
For Sale - Active
Units n/a

Get ready to be excited for this freshly updated, single-story home with no HOA! This move-in-ready home is located in a desirable, prime location in Central Phoenix/Biltmore just minutes away from shopping and dining. Tucked away in the lively heart of one of Phoenix's most desirable neighborhoods, this gem encompasses both charm AND convenience. Featuring brand new carpets, stylish blinds on every window, and a freshly painted interior, this property is a true treasure. Situated on a spacious lot that demands little maintenance, it boasts a delightful covered patio in the backyard, along with a practical storage shed! The recently updated 2-car garage provides ample storage solutions, including additional closets to meet all your requirements.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Direct Access
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Partial): 0
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Block
  • Roof Material: Composition

Land Information

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

Lot Information

  • Parcel ID: 16330024
  • Lot Size: 11069 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1950

Tax Information

  • Annual Tax: $2,685

Utilities

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

Location

  • County: Maricopa

Listing Details


Listed by:
Katherine Redford
DPR Realty LLC
(480) 780-4182

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6844863
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$1,376
Cap Rate
2.6%
Cash-on-Cash Return
-13.4%
Debt Coverage Ratio
0.46
Internal Rate of Return (5 years)
-9.0%

Purchase Details

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Purchase price:
$534,999
Amount financed:
-$427,999
Down payment:
$107,000
Closing costs:
$16,050
Rehab costs:
$0
Initial cash invested:
$123,050
Square feet:
1,104
Cost per square foot:
$485
Monthly rent per square foot:
$1.81

Financing Details

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Loan amount:
$427,999
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,532
Property tax:
$224
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,896

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (11%)
11%-$224-$2,685
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (36%)
36%-$724-$8,685

Cash Flow


Monthly Yearly
Net operating income:
$1,156 $13,872
Mortgage payments:
-$2,532 -$30,384
Cash flow:
$1,376 $16,512