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$699,900

Sold
26264 N 46th St, Phoenix, AZ 85050
3 Beds
2 Baths
2,151 Square Feet
0.16 Acres Lot
Built in 1994
Sold
Units n/a
Checked: 13 hours ago
Updated: Aug 01, 2025 at 06:44AM

Investment Summary


Monthly Cash Flow
-$1,482
Cap Rate
3.1%
Cash-on-Cash Return
-11.0%
Debt Coverage Ratio
0.55
Internal Rate of Return (5 years)
-6.7%

Property Description


0.16 Acres Lot
Built in 1994
Sold
Units n/a

Tucked inside the sought-after Tatum Ridge community, this single-level home delivers standout style and resort-worthy outdoor living. With 3 bedrooms plus a den, 2 updated bathrooms, and 2,151 square feet, the split floor plan blends spacious comfort with vintage-inspired design throughout. The kitchen is a true showpiece—where farmhouse warmth meets custom sophistication. Anchored by a rich butcher-block style island, the space features cream shaker cabinetry, sleek black countertops, and a custom vent hood. You'll love the apron-front sink under a bright window, full KitchenAid stainless steel appliance package, and large pantry concealed behind barn-style doors. Black grid windows and a striking open shelving feature wall add a designer edge that ties the whole space together. The open great room with vaulted ceilings showcases custom shelving and a white tile fireplace wall, flowing effortlessly into the dining and living spaces. The primary suite is a retreat of its own: wood floors + backyard access, dual vanities, a clawfoot soaking tub, tiled glass shower, and a generous walk-in closetall grounded by patterned tile and a reclaimed barn door. Both bathrooms shine with curated finishes and architectural character. Step outside to a backyard built for entertainingcomplete with a sparkling pool, built-in spa, fire pit, outdoor kitchen with BBQ, extended covered patio, and lush, low-maintenance landscaping(And new roof March '25). From curb appeal to character, this home has it allperfectly situated in North Phoenix bordering Cave Creek.

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Location


Property Details


Parking

  • Description: Electric Door Opener
  • Details: Garage Door Opener
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 8
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Tatum Highland
  • HOA Fee: $135/quarterly

Land Information

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

Lot Information

  • Parcel ID: 21209231
  • Lot Size: 6896 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1994

Tax Information

  • Annual Tax: $3,164

Utilities

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

Location

  • County: Maricopa

Listing Details


Listed by:
Darren H Tackett
eXp Realty
(602) 622-1226

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6864549
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$1,482
Cap Rate
3.1%
Cash-on-Cash Return
-11.0%
Debt Coverage Ratio
0.55
Internal Rate of Return (5 years)
-6.7%

Purchase Details

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Purchase price:
$699,900
Amount financed:
-$559,920
Down payment:
$139,980
Closing costs:
$20,997
Rehab costs:
$0
Initial cash invested:
$160,977
Square feet:
2,151
Cost per square foot:
$325
Monthly rent per square foot:
$1.44

Financing Details

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Loan amount:
$559,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$3,312
Property tax:
$264
Insurance:
$217
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,793

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: (9%)
9%-$264-$3,164
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: (1%)
1%-$45-$540
Total operating expenses: (35%)
35%-$1,084-$13,004

Cash Flow


Monthly Yearly
Net operating income:
$1,830 $21,960
Mortgage payments:
-$3,312 -$39,744
Cash flow:
$1,482 $17,784