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$799,000

For Sale - Active
6719 N 15th Ave, Phoenix, AZ 85015
4 Beds
2 Baths
2,494 Square Feet
0.27 Acres Lot
Built in 2001
For Sale - Active
Units n/a
Checked: 13 hours ago
Updated: May 26, 2025 at 11:55AM

Investment Summary


Monthly Cash Flow
-$1,371
Cap Rate
3.6%
Cash-on-Cash Return
-9.0%
Debt Coverage Ratio
0.64
Internal Rate of Return (5 years)
-4.7%

Property Description


0.27 Acres Lot
Built in 2001
For Sale - Active
Units n/a

Prepare to be dazzled! This meticulously home sits on a 1/4 acre lot, offering a private oasis perfect for indoor and outdoor living. High ceilings and a spacious living and dining area, adorned with wood floors. The gourmet kitchen features granite counter-tops, a back-splash, breakfast bar, a gas cook-top, and ample cabinetry. Open floor plan flows into the family room. Relax by the fireplace, a perfect focal point for cozy gatherings. The master bedroom provides a sanctuary for relaxation. Private access to the backyard oasis and a luxurious walk-in closet boasting custom built-in shelves. The bathroom suite features double sinks, granite counter-tops, a deep soaking tub, and a walk-in shower. The additional bedrooms provide comfortable living space for family or guests. The outside is a private paradise with a sparkling pool with cascading water features. Custom pavers create a stylish patio area, and meticulously maintained shrubs ensure complete privacy. Expansive play area with synthetic turf - perfect for all-weather enjoyment. This exceptional property offers the ultimate blend of luxury, functionality, and outdoor living - all in a highly desirable location. Don't miss this opportunity to create lasting memories in your dream home!

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Location


Property Details


Parking

  • Description: Dir Entry frm Garage, Electric Door Opener, Extnded Lngth Garage, RV Gate, RV Access/Parking
  • Details: RV Access/Parking, Garage Door Opener
  • Garage Spaces: 3
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

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

Land Information

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

Lot Information

  • Parcel ID: 15622116
  • Lot Size: 11926 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 2001

Tax Information

  • Annual Tax: $3,370

Utilities

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

Location

  • County: Maricopa

Listing Details


Listed by:
Douglas Da Silva
Delex Realty
(602) 367-8711

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6864056
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$1,371
Cap Rate
3.6%
Cash-on-Cash Return
-9.0%
Debt Coverage Ratio
0.64
Internal Rate of Return (5 years)
-4.7%

Purchase Details

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Purchase price:
$799,000
Amount financed:
-$639,200
Down payment:
$159,800
Closing costs:
$23,970
Rehab costs:
$0
Initial cash invested:
$183,770
Square feet:
2,494
Cost per square foot:
$320
Monthly rent per square foot:
$1.56

Financing Details

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Loan amount:
$639,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$3,781
Property tax:
$281
Insurance:
$273
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,335

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,900 $46,800
Vacancy loss: (6%)
6% -$234 -$2,808
Operating income:
$3,666 $43,992

Operating Expenses


% Rent Monthly Yearly
Property taxes: (7%)
7%-$281-$3,370
Insurance: (7%)
7%-$273-$3,276
Property management: (8%)
8%-$312-$3,744
Repairs & maintenance: (5%)
5%-$195-$2,340
Capital expenditures: (5%)
5%-$195-$2,340
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (32%)
32%-$1,256-$15,070

Cash Flow


Monthly Yearly
Net operating income:
$2,410 $28,920
Mortgage payments:
-$3,781 -$45,372
Cash flow:
$1,371 $16,452