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$829,900

For Sale - Active
753 E Mountain Sky Ave, Phoenix, AZ 85048
6 Beds
5 Baths
3,432 Square Feet
0.15 Acres Lot
Built in 1993
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Jun 20, 2025 at 03:37AM

Investment Summary


Monthly Cash Flow
-$2,062
Cap Rate
3.3%
Cash-on-Cash Return
-13.0%
Debt Coverage Ratio
0.52
Internal Rate of Return (5 years)
-8.5%

Property Description


0.15 Acres Lot
Built in 1993
For Sale - Active
Units n/a

WOW! Fantastic floor plan. Spacious 6 bedroom (5 bedroom plus office) 1 bedroom down with en-suite bath. total of 4.5 baths. situated in an excellent foothills location backing to a private hillside preserve lot! Beautifully upgraded home with custom cabinetry at kitchen with soft-close hardware, granite countertops, stainless appliances. Double ovens, Elegant plantation shutters, travertine stone flooring, soft water system. Custom beverage center with built-in wine fridge. Balcony off master offer scenic views. Backyard is entertainers dream with sparkling pool, fireplace, built-in bbq and sitting area with pergola. Excellent views of private hilside preserve!

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Location


Property Details


Parking

  • Description: Attch'd Gar Cabinets, Electric Door Opener
  • Details: Garage Door Opener
  • Garage Spaces: 3
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 6

Bathroom Information

  • # of Baths (Total): 5.0

Interior Features

  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Foothills Community
  • HOA Fee: $205/semi-annually

Land Information

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

Lot Information

  • Parcel ID: 30094339
  • Lot Size: 6739 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Spanish, Santa Barbara/Tuscan
  • Year Built: 1993

Tax Information

  • Annual Tax: $4,632

Utilities

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

Location

  • County: Maricopa

Listing Details


Listed by:
Rod Hofeling
RE/MAX Foothills
(602) 549-0169

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6764073
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$2,062
Cap Rate
3.3%
Cash-on-Cash Return
-13.0%
Debt Coverage Ratio
0.52
Internal Rate of Return (5 years)
-8.5%

Purchase Details

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Purchase price:
$829,900
Amount financed:
-$663,920
Down payment:
$165,980
Closing costs:
$24,897
Rehab costs:
$0
Initial cash invested:
$190,877
Square feet:
3,432
Cost per square foot:
$242
Monthly rent per square foot:
$1.14

Financing Details

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Loan amount:
$663,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.810%
Principal & interest:
$4,333
Property tax:
$386
Insurance:
$273
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,992

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: (10%)
10%-$386-$4,632
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: (1%)
1%-$34-$408
Total operating expenses: (36%)
36%-$1,395-$16,740

Cash Flow


Monthly Yearly
Net operating income:
$2,271 $27,252
Mortgage payments:
-$4,333 -$51,996
Cash flow:
$2,062 $24,744