Maryvale block home, light rehab rental
N 51st Ave · Maryvale · Phoenix, AZ 85031 · Maricopa County County
Exact address released to verified buyers with proof of funds on file.
Front elevation
1 / 6Asking price
$232,000
ARV range
$318K–$338K
Repairs
$32K–$42K
Discount to ARV
29.3%
Projected profit
$10,000
ROI
3.4%
Cap rate
6.6%
Cash-on-cash
3.5%
Risk flags and disclosures
Surfaced automatically from the listing data. Confirm every item during your own diligence.
Seller identity pending
Seller verification is in progress. Documents will unlock once it completes.
- Assignment fee is disclosed in the deal terms.
Underwrite this deal
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Maximum allowable offer
$188,900
Asking price is $43K above your rule.
Total basis
$295,040
Selling costs
$22,960
Holding costs
$4,900
Contingency
$3,700
Net profit
$10,000
ROI
3.4%
Annualized ROI
8.1%
Break-even sale price
$317,247
Modeled projections for demonstration only. They are not an appraisal, a guarantee of returns, or investment advice.
Block-construction three-bedroom with a functional layout and a rehab scope limited to kitchen, bath, flooring, paint and HVAC. Post-rehab appraisals on this block have supported the low end of the ARV range consistently.
Beds / baths
3 / 2
Square feet
1,250
Lot size
6,500 sqft
Year built
1961
Units
1
Occupancy
Vacant
Market rent
$2,150/mo
Taxes
$145/mo
Access
Lockbox after verification
Highlights
- Block construction with low ongoing maintenance
- Refinance appraisals on the block support the low ARV
- Desert landscaping already in place
Known repairs
- Kitchen and bath
- HVAC replacement
- Interior paint and flooring
- Roof underlayment
Deal structure
Assignment of contract with a 21-day close.