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$349,950

Sold
921 E Agua Fria Ln, Avondale, AZ 85323
4 Beds
3 Baths
1,779 Square Feet
0.07 Acres Lot
Built in 2020
Sold
Units n/a
Checked: 12 hours ago
Updated: Jun 14, 2025 at 03:39AM

Investment Summary


Monthly Cash Flow
-$389
Cap Rate
4.3%
Cash-on-Cash Return
-5.8%
Debt Coverage Ratio
0.77
Internal Rate of Return (5 years)
-1.6%

Property Description


0.07 Acres Lot
Built in 2020
Sold
Units n/a

You'll LOVE this beautiful two-story home in Village at Tres Rios! Nestled on a corner lot, this gem offers 4 beds, 2.5 baths, and a 2-car garage. The immaculate interior showcases abundant natural light, neutral paint, and wood-look flooring with plush carpet in all the right places. Designed for everyday living & entertaining, the desirable great room will impress you! The spotless eat-in kitchen has a pantry, recessed lighting, ample white cabinetry, and an island w/breakfast bar. All bedrooms are situated upstairs, adding extra privacy! The main bedroom features an ensuite with dual sinks, separate tub/shower, & a walk-in closet. Check out the private yard with artificial turf, which is ideal for enjoying BBQ! Conveniently close to schools, dining, shopping, & the I-10. Move-in ready!

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 4

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: Village at Tres Rios
  • HOA Fee: $108/monthly

Land Information

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

Lot Information

  • Parcel ID: 50041545
  • Lot Size: 3200 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Contemporary
  • Year Built: 2020

Tax Information

  • Annual Tax: $1,711

Utilities

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

Location

  • County: Maricopa

Listing Details


Listed by:
James D Dunning
Keller Williams Arizona Realty
(602) 561-2245

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6796140
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$389
Cap Rate
4.3%
Cash-on-Cash Return
-5.8%
Debt Coverage Ratio
0.77
Internal Rate of Return (5 years)
-1.6%

Purchase Details

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Purchase price:
$349,950
Amount financed:
-$279,960
Down payment:
$69,990
Closing costs:
$10,499
Rehab costs:
$0
Initial cash invested:
$80,489
Square feet:
1,779
Cost per square foot:
$197
Monthly rent per square foot:
$1.24

Financing Details

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Loan amount:
$279,960
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,656
Property tax:
$143
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,953

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (6%)
6%-$143-$1,711
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (5%)
5%-$108-$1,296
Total operating expenses: (36%)
36%-$801-$9,607

Cash Flow


Monthly Yearly
Net operating income:
$1,267 $15,204
Mortgage payments:
-$1,656 -$19,872
Cash flow:
$389 $4,668