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$399,999

For Sale - Active
9133 W Virginia Ave, Phoenix, AZ 85037
3 Beds
3 Baths
2,212 Square Feet
0.16 Acres Lot
Built in 2004
For Sale - Active
Units n/a
Checked: 8 hours ago
Updated: Jul 30, 2025 at 06:43AM

Investment Summary


Monthly Cash Flow
-$713
Cap Rate
3.5%
Cash-on-Cash Return
-9.3%
Debt Coverage Ratio
0.62
Internal Rate of Return (5 years)
-5.0%

Property Description


0.16 Acres Lot
Built in 2004
For Sale - Active
Units n/a

Motivated seller!! This well-maintained home offers incredible potential with its clean interior, strong bones, and spacious layout. Tall ceilings and an open loft. HVAC and water heater are newer. The oversized primary suite offers plenty of room, complete with walk-in closet and a soaking tub. Situated on a prime lot, the backyard is a true highlight. Generously sized and designed for both privacy and entertainment. Mature 20-feet tall ficus trees line the yard, providing shade and separation from neighbors. This backyard delivers the space and comfort, completed with a gazebo, canopy, storage shed. Located in a friendly, established neighborhood with community parks and convenient access to the I-10 and 101 freeways, resorts, Estrella Medical Center, Cardinals Stadium, and Westgate.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Garage Door Opener, Direct Access
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Total): 3.0

Interior Features

  • # of Stories: 2

Exterior Features

  • Exterior Walls Materials: Wood
  • Roof Material: Tile

HOA

  • Has HOA: Yes
  • Association: SHEELY FARMS PARCEL
  • HOA Fee: $180/quarterly

Land Information

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

Lot Information

  • Parcel ID: 10234541
  • Lot Size: 6820 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2004

Tax Information

  • Annual Tax: $1,675

Utilities

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

Location

  • County: Maricopa

Listing Details


Listed by:
Deanna Heinze
eXp Realty
(480) 780-3281

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6880723
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$713
Cap Rate
3.5%
Cash-on-Cash Return
-9.3%
Debt Coverage Ratio
0.62
Internal Rate of Return (5 years)
-5.0%

Purchase Details

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Purchase price:
$399,999
Amount financed:
-$319,999
Down payment:
$80,000
Closing costs:
$12,000
Rehab costs:
$0
Initial cash invested:
$92,000
Square feet:
2,212
Cost per square foot:
$181
Monthly rent per square foot:
$0.90

Financing Details

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Loan amount:
$319,999
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,893
Property tax:
$140
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,173

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: (7%)
7%-$140-$1,675
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: (3%)
3%-$60-$720
Total operating expenses: (35%)
35%-$700-$8,395

Cash Flow


Monthly Yearly
Net operating income:
$1,180 $14,160
Mortgage payments:
-$1,893 -$22,716
Cash flow:
$713 $8,556