Panel vintageSeptember 1, 2026Demonstration data — not live MLS
Parcel
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1015 E Hatcher Rd

Sunnyslope · Phoenix, AZ 85020 · Duplex · 2 doors

Active39 days on marketID P-018
Price
$468,000
Est. rent / mo
$3,420
Est. cap rate
5.50%
Est. cash-on-cash
-1.21%
Est. DSCR
0.94
Rent / price
0.731%
$ / sq ft
$229
Est. cash flow / mo
-$130

At the baseline set: 25% down, 6.75%, 30-year amortisation. Estimates.

1015 E Hatcher Rd — single-storey duplex elevation with two front doors and a shared drive
1015 E Hatcher Rd — renovated kitchen with quartz counters and vinyl plank flooring
1015 E Hatcher Rd — vacant living area with vinyl plank flooring and a slider to the patio
1015 E Hatcher Rd — renovated bathroom with a tiled tub surround
1015 E Hatcher Rd — exterior condenser units on a gravel pad

Representative stock photography of Phoenix-metro residential product. These images do not depict this address.

The read

Separately metered on both utilities, which is unusual for 1962 stock and removes the largest single expense variable on a small multifamily.

  • Two 2/2 units
  • Separately metered electric and water
  • Private yards
  • No shared walls above grade

Facts

Physical
Property typeDuplex
Units2
Bedrooms / bathrooms2 / 2
Living area2,040 sq ft
Lot9,583 sq ft
Year built1962 (64 yrs)
Stories1
ParkingCarport x2
Coordinates33.5720, -112.0800
Carry — estimated
Property tax / yr$2,710
Insurance / yr$1,490
HOA / moNone
Other fixed / yr$900
Total est. operating / yr$12,816
HVAC installed2016
Roof installed2019
Water providerCity of Phoenix
FEMA flood zoneZone X

Underwrite it

Every figure below recomputes as you move an input. Nothing is rounded until it is printed, and operating expenses never include debt service — that separation is what makes the cap rate a property of the building and the cash-on-cash a property of your deal. All outputs are estimates.

Purchase & financing
Income
Operating expenses

Monthly cash flow

−$130

after debt service, before tax

Cap rate

5.50%

NOI ÷ purchase price

Cash-on-cash

-1.21%

cash flow ÷ cash invested

DSCR

0.94

NOI ÷ annual debt service

Where the gross rent goes

  • Vacancy$2,462
  • Operating$12,816
  • Debt service$27,319
  • Cash flow$0
Annual income statement — estimated
Gross scheduled income$41,040
Less vacancy & credit loss−$2,462
Effective gross income$38,578
Less fixed operating−$5,100
Less variable operating−$7,716
Net operating income$25,762
Less annual debt service−$27,319
Pre-tax cash flow-$1,557
Loan amount$351,000
Monthly principal & interest$2,277
Cash invested$128,700
Operating expense ratio33.2%
Break-even occupancy97.8%
Gross rent multiplier11.4
Rent-to-price ratio0.731%

Estimated figures produced by a model from the assumptions on the left. Not an offer, an appraisal, a loan quote or investment advice. Taxes, insurance and operating expenses are estimates; verify each before you commit capital.

Price history

List-price history

Plotted on a true time axis — the horizontal distance between two points is how long that price actually stood. The asking price has not moved since listing.

$425,000$450,000$475,000$500,000Aug 26Sep 26

List-price events
DateEventPriceChange
July 16, 2026Listed$468,000—

Estimated value, indexed to the submarket

The current price carried backwards on the Sunnyslope median-price index. An index adjustment, not an appraisal and not a record of transactions.

Comparables

Rent is compared per unit, which is the only fair basis across a house and a fourplex. The subject sits 10.7% above the median of its five closest comparables.

Monthly rent per unit

Drawn from the panel itself, ranked by product family, unit size, bedroom count and straight-line distance.

Table
Monthly rent per unit — full data. Drawn from the panel itself, ranked by product family, unit size, bedroom count and straight-line distance.
ComparableDetailRent / unit / mo
1015 E Hatcher Rd (subject)subject · 2/2 · 1,020 sq ft/unit$1,710
1930 W Highland Ave4.8 mi · 2/2 · 880 sq ft/unit$1,540
5539 W Palmaire Ave7 mi · 2/2 · 940 sq ft/unit$1,575
4411 W Ocotillo Rd6.6 mi · 3/3 · 920 sq ft/unit$1,560
3122 W Christy Dr5.3 mi · 4/4 · 820 sq ft/unit$1,485
7220 N 56th Ave6.9 mi · 4/4 · 880 sq ft/unit$1,545
Sale comparables — nearest 3 assets of the same type
AddressSubmarketDistancePriceSq ft$ / sq ft
1015 E Hatcher Rd SubjectSunnyslope—$468,0002,040$229
1930 W Highland AveAlhambra4.8 mi$398,0001,760$226
5539 W Palmaire AveGlendale Central7 mi$412,0001,880$219
2044 S SycamoreWest Mesa16.7 mi$372,0001,720$216

Sensitivity

What a five-percent move in price or fifty basis points on the rate does to the return. Computed at the baseline assumption set, not at whatever you have set the calculator to — it is a fixed reference.

Sensitivity — cash-on-cash by price and rate

Every other assumption held at the baseline set. A fixed reference, not tied to the calculator above. Estimates.

Cash-on-cash return by purchase price and interest rate
Price \ Rate5.75%6.25%6.75%7.25%7.75%
$430,500−8%2.7%1.6%0.5%-0.6%-1.7%
$449,500−4%1.7%0.7%-0.4%-1.5%-2.6%
$468,000ask0.9%-0.1%-1.2%-2.3%-3.4%
$486,500+4%0.2%-0.9%-2.0%-3.1%-4.2%
$505,500+8%-0.6%-1.6%-2.7%-3.8%-4.9%

Cash-on-cash-4.9% → 2.7%

What to check before you commit

  • HVAC

    Condenser installed 2016, 10 years old. Inside normal service life for this climate, so the CapEx reserve carries it rather than a year-one line item.

  • Roof

    Roof dates to 2019, 7 years old — inside the window most carriers will write without a surcharge.

  • Flood

    FEMA Zone X. Outside the mapped special flood hazard area; a lender will not require separate flood coverage.

  • Water allocation

    Served by City of Phoenix. Long-run Colorado River and Central Arizona Project allocation is a genuine risk to price on the metro’s growth edges over a 10-to-20 year hold. It is a discount-rate question, not a next-quarter question.

  • No HOA

    No association. Nothing constrains rental use at the community level, and there is no fixed monthly charge in the expense line.