Updated Residential Income
For Sale
$195,000
19430 N Star Ridge Drive, Sun City West, AZ 85375
First-floor two-bedroom residence with golf course views, covered patio, rental permission, and an eat-in kitchen.
Property Size1,086 SF
Days on Market20
Property Features for 19430 N Star Ridge Drive
General Information
Standard status
Active
Size
1,086 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$881
Building Details
Building Size
1,086 SF
Year Built
1978
Stories
2
Listing Agency:
Coldwell Banker Realty
(516) 840-1353
Listed By:
Maryann Goldrick
(516) 840-1353
Source:
Sunhaven-realestate
Added: Aug 4
Changed: Aug 21
Last Checked: Aug 22 at 12:42PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This first-floor, two-bedroom residential income property overlooks Hillcrest Golf Course and includes an eat-in kitchen with matching appliances. Tile and carpet flooring are used throughout, while the living area opens through sliding patio doors to a covered outdoor space. The main bathroom has a step-in shower, and an exterior storage closet provides additional utility. Rentals are permitted, and some furniture may be available outside of escrow.
The home was built in 1978 and has received several updates. The hot water heater was replaced in 2020, the patio doors were updated in 2018, and the shower was reglazed in 2023. A refrigerator, washer, and dryer were added in 2024.
The home was built in 1978 and has received several updates. The hot water heater was replaced in 2020, the patio doors were updated in 2018, and the shower was reglazed in 2023. A refrigerator, washer, and dryer were added in 2024.
Key Highlights
- First‑floor two‑bedroom residence with a view of Hillcrest Golf Course
- Rentals are permitted
- Covered patio accessed through sliding patio doors
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
$12,257
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
6.29%
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%
$245,140
$245.1K
Cap Rate 7%
$175,100
$175.1K
Cap Rate 9%
$136,189
$136.2K
Market Conditions
NOI Build-Up for 1,086 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
$23.5K $21.60/SF
− Vacancy
−$1.2K −$1.08/SF
EGI
$22.3K $20.52/SF
− OpEx
−$10.0K −$9.23/SF
NOI
$12.3K $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%
$245,140
Cap Rate 7%
$175,100
Cap Rate 9%
$136,189
Alternative Uses
Best Use
Apartment 5plus
$175.1K
$153.2K – $204.3K
NOI $12,257 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$335.9K
$293.9K – $391.9K
NOI $23,515 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
551
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 - First-floor two-bedroom residence with golf course views, covered patio, rental permission, and an eat-in kitchen.
Where is this residential income property located?
The property is located at 19430 N Star Ridge Drive Sun City West, AZ.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: First‑floor two‑bedroom residence with a view of Hillcrest Golf Course; Rentals are permitted; Covered patio accessed through sliding patio doors
