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$269,000

Sold
5559 N 62nd Ave, Glendale, AZ 85301
3 Beds
2 Baths
1,663 Square Feet
0.16 Acres Lot
Built in 1959
Sold
Units n/a
Checked: 1 day ago
Updated: Jul 18, 2025 at 07:00AM

Investment Summary


Monthly Cash Flow
-$151
Cap Rate
5.0%
Cash-on-Cash Return
-2.9%
Debt Coverage Ratio
0.88
Internal Rate of Return (5 years)
1.2%

Property Description


0.16 Acres Lot
Built in 1959
Sold
Units n/a

Check out this charming 3-bedroom home, ideally situated near the vibrant Westgate Entertainment District, the Arizona Cardinals Stadium, and a variety of parks, schools, and shopping centers. With plenty of potential for personal touches and upgrades, this property offers the perfect canvas to create your dream home. Don't miss this opportunity!

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Location


Property Details


Parking

  • Description: Open, Covered, Carport
  • Garage Spaces: 0
  • Spaces Total: 8

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # 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: 14459062
  • Lot Size: 6795 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1959

Tax Information

  • Annual Tax: $1,435

Utilities

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

Location

  • County: Maricopa

Listing Details


Listed by:
Mark Mircea Achitei
Prestige Realty
(602) 434-0241

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6737195
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$151
Cap Rate
5.0%
Cash-on-Cash Return
-2.9%
Debt Coverage Ratio
0.88
Internal Rate of Return (5 years)
1.2%

Purchase Details

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Purchase price:
$269,000
Amount financed:
-$215,200
Down payment:
$53,800
Closing costs:
$8,070
Rehab costs:
$0
Initial cash invested:
$61,870
Square feet:
1,663
Cost per square foot:
$162
Monthly rent per square foot:
$1.08

Financing Details

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Loan amount:
$215,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,273
Property tax:
$120
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,519

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: (7%)
7%-$120-$1,435
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: (32%)
32%-$570-$6,835

Cash Flow


Monthly Yearly
Net operating income:
$1,122 $13,464
Mortgage payments:
-$1,273 -$15,276
Cash flow:
$151 $1,812