324 E Cinnabar Ave
Sunnyslope · Phoenix, AZ 85020 · Single-family
- Price
- $355,000
- Est. rent / mo
- $1,980
- Est. cap rate
- 3.90%
- Est. cash-on-cash
- -7.04%
- Est. DSCR
- 0.67
- Rent / price
- 0.558%
- $ / sq ft
- $276
- Est. cash flow / mo
- -$573
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
A cosmetic-rehab row: paint, flooring, kitchen and both baths at roughly $34,000 puts the rent estimate about $260 a month higher. That case is modelled on the detail page.
- Original kitchen and baths
- Large rear yard
- Block wall fencing
- No HOA
Facts
| Property type | Single-family |
|---|---|
| Units | 1 |
| Bedrooms / bathrooms | 3 / 2 |
| Living area | 1,288 sq ft |
| Lot | 7,405 sq ft |
| Year built | 1968 (58 yrs) |
| Stories | 1 |
| Parking | 1-car carport |
| Coordinates | 33.5678, -112.0861 |
| Property tax / yr | $2,060 |
|---|---|
| Insurance / yr | $1,600 |
| HOA / mo | None |
| Other fixed / yr | $360 |
| Total est. operating / yr | $8,487 |
| HVAC installed | 2010 |
| Roof installed | 2015 |
| 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
−$573
after debt service, before tax
Cap rate
3.90%
NOI ÷ purchase price
Cash-on-cash
-7.04%
cash flow ÷ cash invested
DSCR
0.67
NOI ÷ annual debt service
Where the gross rent goes
- Vacancy$1,426
- Operating$8,487
- Debt service$20,723
- Cash flow$0
| Gross scheduled income | $23,760 |
|---|---|
| Less vacancy & credit loss | −$1,426 |
| Effective gross income | $22,334 |
| Less fixed operating | −$4,020 |
| Less variable operating | −$4,467 |
| Net operating income | $13,848 |
| Less annual debt service | −$20,723 |
| Pre-tax cash flow | -$6,875 |
| Loan amount | $266,250 |
| Monthly principal & interest | $1,727 |
| Cash invested | $97,625 |
| Operating expense ratio | 38.0% |
| Break-even occupancy | 122.9% |
| Gross rent multiplier | 14.9 |
| Rent-to-price ratio | 0.558% |
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. $14,000 off the original ask, 3.8%.
| Date | Event | Price | Change |
|---|---|---|---|
| June 26, 2026 | Listed | $369,000 | — |
| July 26, 2026 | Price cut | $355,000 | −14,000 |
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.
| Month | Estimated value |
|---|---|
| Oct 2024 | $344K |
| Nov 2024 | $347K |
| Dec 2024 | $350K |
| Jan 2025 | $353K |
| Feb 2025 | $354K |
| Mar 2025 | $352K |
| Apr 2025 | $349K |
| May 2025 | $345K |
| Jun 2025 | $343K |
| Jul 2025 | $343K |
| Aug 2025 | $345K |
| Sep 2025 | $348K |
| Oct 2025 | $350K |
| Nov 2025 | $351K |
| Dec 2025 | $350K |
| Jan 2026 | $348K |
| Feb 2026 | $346K |
| Mar 2026 | $347K |
| Apr 2026 | $349K |
| May 2026 | $352K |
| Jun 2026 | $355K |
| Jul 2026 | $356K |
| Aug 2026 | $356K |
| Sep 2026 | $355K |
Comparables
Rent is compared per unit, which is the only fair basis across a house and a fourplex. The subject sits 3.4% below the median of its five closest comparables.
| Address | Submarket | Distance | Price | Sq ft | $ / sq ft |
|---|---|---|---|---|---|
| 324 E Cinnabar Ave Subject | Sunnyslope | — | $355,000 | 1,288 | $276 |
| 9014 N Central Ave | Sunnyslope | 0.5 mi | $436,000 | 1,595 | $273 |
| 2708 W Glenrosa Ave | Alhambra | 4.5 mi | $328,000 | 1,348 | $243 |
| 3125 W Berridge Ln | Alhambra | 4.8 mi | $372,000 | 1,512 | $246 |
| 1444 N 3rd Ave | Encanto | 5.3 mi | $549,000 | 1,310 | $419 |
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% |
|---|---|---|---|---|---|
| $326,500−8% | -3.7% | -4.7% | -5.8% | -6.9% | -8.0% |
| $341,000−4% | -4.3% | -5.4% | -6.5% | -7.6% | -8.7% |
| $355,000ask | -4.9% | -6.0% | -7.0% | -8.1% | -9.3% |
| $369,000+4% | -5.5% | -6.5% | -7.6% | -8.7% | -9.8% |
| $383,500+8% | -6.0% | -7.0% | -8.1% | -9.2% | -10.3% |
Cash-on-cash-10.3% → -3.7%
What to check before you commit
HVAC replacement
The condenser dates to 2010 — 16 years old. Phoenix cooling loads shorten service life; a single-system replacement at current pricing is roughly $8,500. Reserve for it or price it into the offer.
Roof
Roof dates to 2015, 11 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.