18240 N 33rd Ave
Deer Valley · Phoenix, AZ 85053 · Single-family
- Price
- $408,000
- Est. rent / mo
- $2,160
- Est. cap rate
- 3.69%
- Est. cash-on-cash
- -7.79%
- Est. DSCR
- 0.63
- Rent / price
- 0.529%
- $ / sq ft
- $265
- Est. cash flow / mo
- -$729
At the baseline set: 25% down, 6.75%, 30-year amortisation. Estimates.
Representative stock photography of Phoenix-metro residential product. These images do not depict this address.
The read
Closed comparable, retained in the panel as a reference point. Eighteen days on market at full list is the tightest execution in the set.
- Closed August 2026
- No HOA
- Block wall fencing
- Covered patio
Facts
| Property type | Single-family |
|---|---|
| Units | 1 |
| Bedrooms / bathrooms | 3 / 2 |
| Living area | 1,540 sq ft |
| Lot | 7,100 sq ft |
| Year built | 1984 (42 yrs) |
| Stories | 1 |
| Parking | 2-car garage |
| Coordinates | 33.6926, -112.1000 |
| Property tax / yr | $2,370 |
|---|---|
| Insurance / yr | $1,690 |
| HOA / mo | None |
| Other fixed / yr | $360 |
| Total est. operating / yr | $9,293 |
| HVAC installed | 2017 |
| Roof installed | 2014 |
| Water provider | City of Phoenix |
| FEMA flood zone | Zone 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.
Monthly cash flow
−$729
after debt service, before tax
Cap rate
3.69%
NOI ÷ purchase price
Cash-on-cash
-7.79%
cash flow ÷ cash invested
DSCR
0.63
NOI ÷ annual debt service
Where the gross rent goes
- Vacancy$1,555
- Operating$9,293
- Debt service$23,817
- Cash flow$0
| Gross scheduled income | $25,920 |
|---|---|
| Less vacancy & credit loss | −$1,555 |
| Effective gross income | $24,365 |
| Less fixed operating | −$4,420 |
| Less variable operating | −$4,873 |
| Net operating income | $15,072 |
| Less annual debt service | −$23,817 |
| Pre-tax cash flow | -$8,745 |
| Loan amount | $306,000 |
| Monthly principal & interest | $1,985 |
| Cash invested | $112,200 |
| Operating expense ratio | 38.1% |
| Break-even occupancy | 127.7% |
| Gross rent multiplier | 15.7 |
| Rent-to-price ratio | 0.529% |
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.
| Date | Event | Price | Change |
|---|---|---|---|
| May 14, 2026 | Listed | $408,000 | — |
| June 14, 2026 | Under contract | $408,000 | 0 |
| July 14, 2026 | Sold | $408,000 | 0 |
Estimated value, indexed to the submarket
The current price carried backwards on the Deer Valley median-price index. An index adjustment, not an appraisal and not a record of transactions.
| Month | Estimated value |
|---|---|
| Oct 2024 | $382K |
| Nov 2024 | $384K |
| Dec 2024 | $386K |
| Jan 2025 | $389K |
| Feb 2025 | $394K |
| Mar 2025 | $397K |
| Apr 2025 | $397K |
| May 2025 | $395K |
| Jun 2025 | $390K |
| Jul 2025 | $387K |
| Aug 2025 | $386K |
| Sep 2025 | $387K |
| Oct 2025 | $391K |
| Nov 2025 | $395K |
| Dec 2025 | $398K |
| Jan 2026 | $400K |
| Feb 2026 | $399K |
| Mar 2026 | $397K |
| Apr 2026 | $397K |
| May 2026 | $398K |
| Jun 2026 | $401K |
| Jul 2026 | $405K |
| Aug 2026 | $407K |
| Sep 2026 | $408K |
Comparables
Rent is compared per unit, which is the only fair basis across a house and a fourplex. The subject sits 4.4% below the median of its five closest comparables.
| Address | Submarket | Distance | Price | Sq ft | $ / sq ft |
|---|---|---|---|---|---|
| 18240 N 33rd Ave Subject | Deer Valley | — | $408,000 | 1,540 | $265 |
| 3839 W Yorkshire Dr | Deer Valley | 0.5 mi | $489,000 | 2,310 | $212 |
| 2020 W Wahalla Ln | Deer Valley | 0.9 mi | $452,000 | 1,960 | $231 |
| 324 E Cinnabar Ave | Sunnyslope | 8.7 mi | $355,000 | 1,288 | $276 |
| 9014 N Central Ave | Sunnyslope | 8.9 mi | $436,000 | 1,595 | $273 |
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.
| Price \ Rate | 5.75% | 6.25% | 6.75% | 7.25% | 7.75% |
|---|---|---|---|---|---|
| $375,500−8% | -4.5% | -5.6% | -6.6% | -7.7% | -8.9% |
| $391,500−4% | -5.1% | -6.2% | -7.2% | -8.3% | -9.4% |
| $408,000ask | -5.7% | -6.7% | -7.8% | -8.9% | -10.0% |
| $424,500+4% | -6.2% | -7.2% | -8.3% | -9.4% | -10.5% |
| $440,500+8% | -6.7% | -7.7% | -8.8% | -9.9% | -11.0% |
Cash-on-cash-11.0% → -4.5%
What to check before you commit
HVAC
Condenser installed 2017, 9 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 2014, 12 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.