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$340,000

For Sale - Active
8818 W Pinchot Ave, Phoenix, AZ 85037
3 Beds
2 Baths
1,092 Square Feet
0.15 Acres Lot
Built in 1974
For Sale - Active
Units n/a
Checked: 8 hours ago
Updated: Aug 10, 2025 at 03:12AM

Investment Summary


Monthly Cash Flow
-$496
Cap Rate
3.9%
Cash-on-Cash Return
-7.6%
Debt Coverage Ratio
0.69
Internal Rate of Return (5 years)
-3.4%

Property Description


0.15 Acres Lot
Built in 1974
For Sale - Active
Units n/a

Fantastic opportunity to own this charming single-level home in a great Phoenix location! Conveniently close to schools, shopping, dining options, & freeways. A low-care landscape, a front patio, and a carport parking w/storage room are just the beginning. The inviting interior showcases a welcoming living room, tons of natural light, a designer palette, wood flooring t/out, and vaulted ceilings that add to the airy feel. The eat-in kitchen boasts SS appliances, granite counters, white shaker cabinetry, a pantry, track & pendant lighting, mosaic tile backsplash, and a butcher block island w/breakfast bar. Sliding doors to the back! The main bedroom has a private bathroom for added comfort. Check out the backyard offers a paver patio to relax and so much room for gatherings! Make it yours!

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 5
  • # 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: 10273133
  • Lot Size: 6399 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1974

Tax Information

  • Annual Tax: $714

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas
  • Cooling: Central Air

Location

  • County: Maricopa

Listing Details


Listed by:
Adriana Brown
HomeSmart
(720) 217-4825

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6878477
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$496
Cap Rate
3.9%
Cash-on-Cash Return
-7.6%
Debt Coverage Ratio
0.69
Internal Rate of Return (5 years)
-3.4%

Purchase Details

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Purchase price:
$340,000
Amount financed:
-$272,000
Down payment:
$68,000
Closing costs:
$10,200
Rehab costs:
$0
Initial cash invested:
$78,200
Square feet:
1,092
Cost per square foot:
$311
Monthly rent per square foot:
$1.56

Financing Details

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Loan amount:
$272,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,609
Property tax:
$60
Insurance:
$119
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,788

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,700 $20,400
Vacancy loss: (6%)
6% -$102 -$1,224
Operating income:
$1,598 $19,176

Operating Expenses


% Rent Monthly Yearly
Property taxes: (4%)
4%-$60-$714
Insurance: (7%)
7%-$119-$1,428
Property management: (8%)
8%-$136-$1,632
Repairs & maintenance: (5%)
5%-$85-$1,020
Capital expenditures: (5%)
5%-$85-$1,020
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (29%)
29%-$485-$5,814

Cash Flow


Monthly Yearly
Net operating income:
$1,113 $13,356
Mortgage payments:
-$1,609 -$19,308
Cash flow:
$496 $5,952