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$430,000

For Sale - Active
2607 W Ironstone Ave, Apache Junction, AZ 85120
5 Beds
3 Baths
2,305 Square Feet
0.14 Acres Lot
Built in 1999
For Sale - Active
Units n/a
Checked: 13 hours ago
Updated: Jun 13, 2025 at 03:13AM

Investment Summary


Monthly Cash Flow
-$538
Cap Rate
4.8%
Cash-on-Cash Return
-6.5%
Debt Coverage Ratio
0.76
Internal Rate of Return (5 years)
-2.3%

Property Description


0.14 Acres Lot
Built in 1999
For Sale - Active
Units n/a

Amazing Opportunity to Own a Beautifully Updated Home in Apache Junction's Ironwood Estates! This stunning 5BR, 3BA home with a full den and a 2-car garage has been thoughtfully upgraded with modern features throughout. Highlights include: Shutters throughout the home & matching ceiling fans, Brand new front door, screen door & porch lights, New water heater & Wi-Fi-enabled garage door opener & thermostats, Fully remodeled kitchen with new cabinets, quartz countertops & new baseboards, new tile flooring, Custom master shower with dual rain heads, Renovated second-floor bathroom Fresh interior & exterior paint, RV parking w/ a gated area (35 feet behind the gate, 44 feet in front), New bathroom vanities Don't miss this incredible opportunity! Schedule a showing today!

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Total): 3.0

Interior Features

  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Other
  • Roof Material: Tile

HOA

  • Has HOA: Yes
  • Association: Ironwood Estates
  • HOA Fee: $170/quarterly

Land Information

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

Lot Information

  • Parcel ID: 102550860
  • Lot Size: 6061 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1999

Tax Information

  • Annual Tax: $1,902

Utilities

  • Water & Sewer: Public
  • Heating: Other
  • Cooling: Central Air

Location

  • County: Pinal

Listing Details


Listed by:
Jessenia Garcia
eXp Realty
(602) 405-3503

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6828901
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$538
Cap Rate
4.8%
Cash-on-Cash Return
-6.5%
Debt Coverage Ratio
0.76
Internal Rate of Return (5 years)
-2.3%

Purchase Details

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Purchase price:
$430,000
Amount financed:
-$344,000
Down payment:
$86,000
Closing costs:
$12,900
Rehab costs:
$0
Initial cash invested:
$98,900
Square feet:
2,305
Cost per square foot:
$187
Monthly rent per square foot:
$1.21

Financing Details

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Loan amount:
$344,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.850%
Principal & interest:
$2,254
Property tax:
$159
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,609

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,800 $33,600
Vacancy loss: (6%)
6% -$168 -$2,016
Operating income:
$2,632 $31,584

Operating Expenses


% Rent Monthly Yearly
Property taxes: (6%)
6%-$159-$1,902
Insurance: (7%)
7%-$196-$2,352
Property management: (8%)
8%-$224-$2,688
Repairs & maintenance: (5%)
5%-$140-$1,680
Capital expenditures: (5%)
5%-$140-$1,680
HOA fees: (2%)
2%-$57-$684
Total operating expenses: (33%)
33%-$916-$10,986

Cash Flow


Monthly Yearly
Net operating income:
$1,716 $20,592
Mortgage payments:
-$2,254 -$27,048
Cash flow:
$538 $6,456