Building Details

Building Size 1,018 SF

Year Built 1962

Listing Agency: HomeSmart

Listed By: Stewart White · License #SA588024000 Show Phone

Source: 1912realty

Added: Mar 18 Changed: Oct 26 Last Checked: Nov 1 at 4:30PM

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Investment Insights

Based on property information with market context.

This two-bedroom, two-bath patio home includes a carport and a covered patio. Doors from the living room and primary bedroom open toward the pool. The kitchen and bathrooms have been updated, with laminate flooring in select areas, fresh paint, dual-pane windows, and LED ceiling fans and light fixtures. The home was built in 1962.

Key Highlights

• Two bedrooms and two bathrooms
• Pool access from the living room and primary bedroom
• Covered patio and carport

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$11,489

Cap Rate

7.71%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$229,780 $229.8K

Cap Rate 7%

$164,129 $164.1K

Cap Rate 9%

$127,656 $127.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,018 SF

Gross rent

$22.0K $21.60/SF

− Vacancy

−$1.1K −$1.08/SF

EGI

$20.9K $20.52/SF

− OpEx

−$9.4K −$9.23/SF

NOI

$11.5K $11.29/SF

Area

Maricopa County, AZ

Vacancy

5.00%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$229,780

Cap Rate 7%

$164,129

Cap Rate 9%

$127,656

Alternative Uses

Best Use

Apartment 5plus

$164.1K

$143.6K – $191.5K (±1% cap)

NOI $11,489 @ 7.0% cap · market cap 7.71%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$314.9K

$275.5K – $367.4K (±1% cap)

NOI $22,043 @ 7.0% cap · market cap 14.79%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Lease Details

1

Residential units

Location Intelligence

Trade Area within ½ mile

497

Businesses Nearby

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Demographics for 85363, AZ

7,056

Population

2,629

Households

2.7

Avg Household Size

38

Median Age

15%

College-Educated

82%

High-School Grad

1.5 sq mi

ZIP Area

4,704

Density / Sq Mi

$68,472

Median Household Income

$40,059

Median Earnings

$1,130

Median Rent

$282,900

Median Home Value

Frequently Asked Questions

What type of property is this?

Residential income property - A covered patio links the living room and primary bedroom with the pool area.

Where is this residential income property located?

The property is located at 13021 N 113TH Avenue M Youngtown, AZ.

What is the asking price?

The asking price for this property is $149,000.

What are key features of this property?

This property features: Two bedrooms and two bathrooms; Pool access from the living room and primary bedroom; Covered patio and carport