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$650,000

For Sale - Active
5745 S 129th Ave, Avondale, AZ 85323
3 Beds
2 Baths
1,563 Square Feet
0.78 Acres Lot
Built in 1972
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: May 27, 2025 at 12:03PM

Investment Summary


Monthly Cash Flow
-$2,196
Cap Rate
2.2%
Cash-on-Cash Return
-17.6%
Debt Coverage Ratio
0.35
Internal Rate of Return (5 years)
-13.0%

Property Description


0.78 Acres Lot
Built in 1972
For Sale - Active
Units n/a

Beautiful horse property with 6 horse stalls available, 3/4 of an acre of land, square shaped lot, and irrigation rights. The home also features tile throughout the home (no carpet) and granite countertops in the kitchen and bathrooms! A new AC was installed in 2022 and a new roof was installed in 2021. The property also features multiple entrances for vehicles, a storage shed, and mature trees. The home has been recently painted, interior and exterior. The kitchen also has a gas hook up for a gas range. Come check out this amazing opportunity and see all the potential this property has!

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Location


Property Details


Parking

  • Description: RV Gate
  • Details: RV Access/Parking
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Total): 2.0

Interior Features

  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Brick
  • Roof Material: Composition

Land Information

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

Lot Information

  • Parcel ID: 50074047
  • Lot Size: 33777 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1972

Tax Information

  • Annual Tax: $2,199

Utilities

  • Water & Sewer: Public
  • Heating: Electric

Location

  • County: Maricopa

Listing Details


Listed by:
Adolfo Lugo
Realty ONE Group
(623) 703-1137

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6624504
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$2,196
Cap Rate
2.2%
Cash-on-Cash Return
-17.6%
Debt Coverage Ratio
0.35
Internal Rate of Return (5 years)
-13.0%

Purchase Details

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Purchase price:
$650,000
Amount financed:
-$520,000
Down payment:
$130,000
Closing costs:
$19,500
Rehab costs:
$0
Initial cash invested:
$149,500
Square feet:
1,563
Cost per square foot:
$416
Monthly rent per square foot:
$1.28

Financing Details

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Loan amount:
$520,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.810%
Principal & interest:
$3,393
Property tax:
$183
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,716

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: (9%)
9%-$183-$2,199
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: (34%)
34%-$683-$8,199

Cash Flow


Monthly Yearly
Net operating income:
$1,197 $14,364
Mortgage payments:
-$3,393 -$40,716
Cash flow:
$2,196 $26,352