2-Bedroom Residential Income
For Sale
$214,900
13423 W Desert Glen Dr, Sun City West, AZ 85375
Single-level home with private outdoor areas, an attached garage, and community recreation amenities.
Property Size1,401 SF
Price / SF$153.39
Days on Market12
Property Features for 13423 W Desert Glen Dr
General Information
Standard status
Active
Size
1,401 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Amenities
Community Pool-Rec Center
stacked washer/dryer
front patio
back patio
Building Details
Year Built
1979
Listing Agency:
Exp Realty
(602) 460-5545
Listed By:
arrt of Real Estate / Amelia Goudeau
(602) 460-5545
Source:
Arrtofrealestate
Added: Aug 17
Changed: Aug 28
Last Checked: Aug 28 at 10:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Exp Realty
Investment Insights
Based on property information with market context.
Built in 1979, this 1,401-square-foot residence offers two bedrooms and two bathrooms in a single-level layout. The interior includes separate living and family rooms, an eat-in kitchen with wood cabinetry and built-in appliances, and a split-bedroom arrangement with a walk-in closet and private bath. Interior paint and carpet are scheduled for 8/2026.
Outdoor features include front and rear patios, while the rear-entry garage provides built-in shelving and space for a stacked washer and dryer. The property is located at 13423 W Desert Glen Dr in Sun City West and includes access to a community pool and recreation center. Rental use is permitted with restrictions, including one year of ownership before leasing and a minimum one-month rental term thereafter; buyers should confirm requirements with the HOA.
Outdoor features include front and rear patios, while the rear-entry garage provides built-in shelving and space for a stacked washer and dryer. The property is located at 13423 W Desert Glen Dr in Sun City West and includes access to a community pool and recreation center. Rental use is permitted with restrictions, including one year of ownership before leasing and a minimum one-month rental term thereafter; buyers should confirm requirements with the HOA.
Key Highlights
- 1,401 SF residence with 2 bedrooms and 2 bathrooms
- Built in 1979; interior paint and carpet scheduled for 8/2026
- Split‑bedroom layout with walk‑in closet and private bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,812
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$316,240
$316.2K
Cap Rate 7%
$225,886
$225.9K
Cap Rate 9%
$175,689
$175.7K
Market Conditions
NOI Build-Up for 1,401 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$30.3K $21.60/SF
− Vacancy
−$1.5K −$1.08/SF
EGI
$28.7K $20.52/SF
− OpEx
−$12.9K −$9.23/SF
NOI
$15.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$316,240
Cap Rate 7%
$225,886
Cap Rate 9%
$175,689
Alternative Uses
Best Use
Apartment 5plus
$225.9K
$197.7K – $263.5K
NOI $15,812 @ 7.0% cap · market cap 7.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$433.4K
$379.2K – $505.6K
NOI $30,336 @ 7.0% cap · market cap 14.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
759
Businesses Nearby
Explore this area
Business Placement
Demographics for 85375, AZ
27,944
Population
19,340
Households
1.4
Avg Household Size
75
Median Age
35%
College-Educated
97%
High-School Grad
12.4 sq mi
ZIP Area
2,254
Density / Sq Mi
$63,977
Median Household Income
$30,838
Median Earnings
$1,658
Median Rent
$350,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Single-level home with private outdoor areas, an attached garage, and community recreation amenities.
Where is this residential income property located?
The property is located at 13423 W Desert Glen Dr Sun City West, AZ.
What is the asking price?
The asking price for this property is $214,900.
What are key features of this property?
This property features: 1,401 SF residence with 2 bedrooms and 2 bathrooms; Built in 1979; interior paint and carpet scheduled for 8/2026; Split‑bedroom layout with walk‑in closet and private bathroom
