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$330,000

For Sale - Active
501 E Hill Dr, Avondale, AZ 85323
3 Beds
2 Baths
1,849 Square Feet
0.16 Acres Lot
Built in 1980
For Sale - Active
Units n/a
Checked: 16 hours ago
Updated: Jun 15, 2025 at 03:30AM

Investment Summary


Monthly Cash Flow
-$383
Cap Rate
4.3%
Cash-on-Cash Return
-6.1%
Debt Coverage Ratio
0.75
Internal Rate of Return (5 years)
-1.9%

Property Description


0.16 Acres Lot
Built in 1980
For Sale - Active
Units n/a

Situated on a desirable corner lot! Take pride in owning this single-story home in Avondale, AZ! From the moment you enter, you will immediately notice the inviting living room enhanced by a cozy fireplace. Adjacent to it is the spacious family and dining room combo offering easy access to the backyard through sliding glass doors. The kitchen comes with plenty of cabinets and matching appliances for an enjoyable cooking experience. Discover the sizable primary bedroom, which provides plush carpet for warmth & comfort underfoot and a private bathroom with a shower & tub combination. The large backyard has a storage shed. Great location close to restaurants, schools, parks, and many more. Don't miss this amazing opportunity!

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Location


Property Details


Parking

  • Description: Carport
  • Garage Spaces: 0
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Block
  • Roof Material: Composition

Land Information

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

Lot Information

  • Parcel ID: 50020110
  • Lot Size: 6817 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1980

Tax Information

  • Annual Tax: $752

Utilities

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

Location

  • County: Maricopa

Listing Details


Listed by:
Daniel Pignatello
eXp Realty
(602) 345-1117

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6866757
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$383
Cap Rate
4.3%
Cash-on-Cash Return
-6.1%
Debt Coverage Ratio
0.75
Internal Rate of Return (5 years)
-1.9%

Purchase Details

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Purchase price:
$330,000
Amount financed:
-$264,000
Down payment:
$66,000
Closing costs:
$9,900
Rehab costs:
$0
Initial cash invested:
$75,900
Square feet:
1,849
Cost per square foot:
$178
Monthly rent per square foot:
$0.97

Financing Details

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Loan amount:
$264,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,562
Property tax:
$63
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,751

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (3%)
3%-$63-$752
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (28%)
28%-$513-$6,152

Cash Flow


Monthly Yearly
Net operating income:
$1,179 $14,148
Mortgage payments:
-$1,562 -$18,744
Cash flow:
$383 $4,596