3122 W Christy Dr
Alhambra · Phoenix, AZ 85029 · Fourplex · 4 doors
- Price
- $674,000
- Est. rent / mo
- $5,940
- Est. cap rate
- 6.67%
- Est. cash-on-cash
- 3.03%
- Est. DSCR
- 1.14
- Rent / price
- 0.881%
- $ / sq ft
- $205
- Est. cash flow / mo
- $468
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
Four 2/2 doors, all separately metered including water. The only fourplex in the panel where the owner pays trash and nothing else.
- Four 2/2 units
- All separately metered
- Owner-paid trash only
- Gated courtyard
Facts
| Property type | Fourplex |
|---|---|
| Units | 4 |
| Bedrooms / bathrooms | 4 / 4 |
| Living area | 3,280 sq ft |
| Lot | 11,761 sq ft |
| Year built | 1975 (51 yrs) |
| Stories | 1 |
| Parking | Covered, 6 spaces |
| Coordinates | 33.5058, -112.1261 |
| Property tax / yr | $3,910 |
|---|---|
| Insurance / yr | $2,830 |
| HOA / mo | None |
| Other fixed / yr | $1,900 |
| Total est. operating / yr | $22,041 |
| HVAC installed | 2016 |
| Roof installed | 2018 |
| 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
+$468
after debt service, before tax
Cap rate
6.67%
NOI ÷ purchase price
Cash-on-cash
3.03%
cash flow ÷ cash invested
DSCR
1.14
NOI ÷ annual debt service
Where the gross rent goes
- Vacancy$4,277
- Operating$22,041
- Debt service$39,344
- Cash flow$5,619
| Gross scheduled income | $71,280 |
|---|---|
| Less vacancy & credit loss | −$4,277 |
| Effective gross income | $67,003 |
| Less fixed operating | −$8,640 |
| Less variable operating | −$13,401 |
| Net operating income | $44,963 |
| Less annual debt service | −$39,344 |
| Pre-tax cash flow | $5,619 |
| Loan amount | $505,500 |
| Monthly principal & interest | $3,279 |
| Cash invested | $185,350 |
| Operating expense ratio | 32.9% |
| Break-even occupancy | 86.1% |
| Gross rent multiplier | 9.5 |
| Rent-to-price ratio | 0.881% |
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 |
|---|---|---|---|
| July 3, 2026 | Listed | $674,000 | — |
Estimated value, indexed to the submarket
The current price carried backwards on the Alhambra median-price index. An index adjustment, not an appraisal and not a record of transactions.
| Month | Estimated value |
|---|---|
| Oct 2024 | $652K |
| Nov 2024 | $658K |
| Dec 2024 | $665K |
| Jan 2025 | $670K |
| Feb 2025 | $671K |
| Mar 2025 | $668K |
| Apr 2025 | $662K |
| May 2025 | $655K |
| Jun 2025 | $651K |
| Jul 2025 | $652K |
| Aug 2025 | $655K |
| Sep 2025 | $660K |
| Oct 2025 | $664K |
| Nov 2025 | $666K |
| Dec 2025 | $665K |
| Jan 2026 | $660K |
| Feb 2026 | $657K |
| Mar 2026 | $658K |
| Apr 2026 | $662K |
| May 2026 | $668K |
| Jun 2026 | $673K |
| Jul 2026 | $676K |
| Aug 2026 | $676K |
| Sep 2026 | $674K |
Comparables
Rent is compared per unit, which is the only fair basis across a house and a fourplex. The subject sits 3.6% below the median of its five closest comparables.
| Address | Submarket | Distance | Price | Sq ft | $ / sq ft |
|---|---|---|---|---|---|
| 3122 W Christy Dr Subject | Alhambra | — | $674,000 | 3,280 | $205 |
| 4102 N 27th Dr | Alhambra | 0.5 mi | $512,000 | 2,440 | $210 |
| 7220 N 56th Ave | Glendale Central | 3.7 mi | $706,000 | 3,520 | $201 |
| 7712 W Cactus Rd | Peoria South | 8.5 mi | $612,000 | 3,120 | $196 |
| 911 W University Dr | West Mesa | 16.7 mi | $552,000 | 3,040 | $182 |
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% |
|---|---|---|---|---|---|
| $620,000−8% | 7.3% | 6.2% | 5.1% | 4.0% | 2.9% |
| $647,000−4% | 6.2% | 5.1% | 4.0% | 2.9% | 1.8% |
| $674,000ask | 5.2% | 4.1% | 3.0% | 1.9% | 0.8% |
| $701,000+4% | 4.2% | 3.2% | 2.1% | 1.0% | -0.1% |
| $728,000+8% | 3.4% | 2.3% | 1.2% | 0.1% | -1.0% |
Cash-on-cash-1.0% → 7.3%
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 2018, 8 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.