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$369,900

Sold
9121 W Alvarado St, Phoenix, AZ 85037
3 Beds
2 Baths
1,568 Square Feet
0.12 Acres Lot
Built in 2003
Sold
Units n/a
Checked: 8 hours ago
Updated: Aug 10, 2025 at 03:10AM

Investment Summary


Monthly Cash Flow
-$568
Cap Rate
3.8%
Cash-on-Cash Return
-8.0%
Debt Coverage Ratio
0.68
Internal Rate of Return (5 years)
-3.8%

Property Description


0.12 Acres Lot
Built in 2003
Sold
Units n/a

Check out this lovely home in desirable community of Sheely Farms. Builder/Pulte Homes! This 3 bedroom 2 bath home features a split floor-plan. Freshly painted both inside and outside! Newer carpet in all bedrooms. Neutral tile in all other areas. Eat-in kitchen with NEW GRANITE COUNTERTOPS, SINK & ALL NEW STAINLESS STEEL STEEL APPLIANCES INCLUDING REFRIGERATOR. Kitchen opens to great room. Lg master bedroom, extended walk-in closet & separate garden tub & shower. Inside laundry room with space for pantry/storage. Covered patio in back with fire pit. Location, Location, Location!!! 1 mile to I-10 and Loop 101 North!! Ready for move-in! Hospital, shopping, restaurants, Costco & sport stadiums just minutes away! MOVE IN READY!

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Location


Property Details


Parking

  • Description: Dir Entry frm Garage, Electric Door Opener
  • Details: Garage Door Opener, Direct Access
  • Garage Spaces: 2
  • Spaces Total: 0

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: Wood
  • Roof Material: Tile

HOA

  • Has HOA: Yes
  • Association: Sheely Farms
  • HOA Fee: $70/monthly

Land Information

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

Lot Information

  • Parcel ID: 10234469
  • Lot Size: 5280 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Spanish
  • Year Built: 2003

Tax Information

  • Annual Tax: $1,540

Utilities

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

Location

  • County: Maricopa

Listing Details


Listed by:
Donna K Paprocki
Advantage Arizona Real Estate & Property Mgnt
(602) 410-7716

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6827487
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$568
Cap Rate
3.8%
Cash-on-Cash Return
-8.0%
Debt Coverage Ratio
0.68
Internal Rate of Return (5 years)
-3.8%

Purchase Details

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Purchase price:
$369,900
Amount financed:
-$295,920
Down payment:
$73,980
Closing costs:
$11,097
Rehab costs:
$0
Initial cash invested:
$85,077
Square feet:
1,568
Cost per square foot:
$236
Monthly rent per square foot:
$1.28

Financing Details

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Loan amount:
$295,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,750
Property tax:
$128
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,018

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: (6%)
6%-$128-$1,540
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: (4%)
4%-$70-$840
Total operating expenses: (35%)
35%-$698-$8,380

Cash Flow


Monthly Yearly
Net operating income:
$1,182 $14,184
Mortgage payments:
-$1,750 -$21,000
Cash flow:
$568 $6,816