4720 W Northern Ave
Glendale Central · Glendale, AZ 85301 · Multifamily · 8 doors
- Price
- $1,035,000
- Est. rent / mo
- $8,960
- Est. cap rate
- 6.33%
- Est. cash-on-cash
- 1.78%
- Est. DSCR
- 1.08
- Rent / price
- 0.866%
- $ / sq ft
- $202
- Est. cash flow / mo
- $423
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
Eight doors at roughly 640 sq ft each. Owner-paid water on a 1976 system is the largest controllable expense here; sub-metering is the obvious first move.
- Eight 1/1 units
- On-site laundry
- Owner-paid water, sewer and trash
- Gated parking
Facts
| Property type | Multifamily |
|---|---|
| Units | 8 |
| Bedrooms / bathrooms | 8 / 8 |
| Living area | 5,120 sq ft |
| Lot | 15,681 sq ft |
| Year built | 1976 (50 yrs) |
| Stories | 1 |
| Parking | Open, 10 spaces |
| Coordinates | 33.5380, -112.1860 |
| Property tax / yr | $5,800 |
|---|---|
| Insurance / yr | $5,400 |
| HOA / mo | None |
| Other fixed / yr | $4,160 |
| Total est. operating / yr | $35,574 |
| HVAC installed | 2014 |
| Roof installed | 2017 |
| Water provider | City of Glendale |
| 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
+$423
after debt service, before tax
Cap rate
6.33%
NOI ÷ purchase price
Cash-on-cash
1.78%
cash flow ÷ cash invested
DSCR
1.08
NOI ÷ annual debt service
Where the gross rent goes
- Vacancy$6,451
- Operating$35,574
- Debt service$60,417
- Cash flow$5,078
| Gross scheduled income | $107,520 |
|---|---|
| Less vacancy & credit loss | −$6,451 |
| Effective gross income | $101,069 |
| Less fixed operating | −$15,360 |
| Less variable operating | −$20,214 |
| Net operating income | $65,495 |
| Less annual debt service | −$60,417 |
| Pre-tax cash flow | $5,078 |
| Loan amount | $776,250 |
| Monthly principal & interest | $5,035 |
| Cash invested | $284,625 |
| Operating expense ratio | 35.2% |
| Break-even occupancy | 89.3% |
| Gross rent multiplier | 9.6 |
| Rent-to-price ratio | 0.866% |
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 |
|---|---|---|---|
| June 26, 2026 | Listed | $1,035,000 | — |
Estimated value, indexed to the submarket
The current price carried backwards on the Glendale Central median-price index. An index adjustment, not an appraisal and not a record of transactions.
| Month | Estimated value |
|---|---|
| Oct 2024 | $995K |
| Nov 2024 | $1.0M |
| Dec 2024 | $1.0M |
| Jan 2025 | $1.0M |
| Feb 2025 | $1.0M |
| Mar 2025 | $1.0M |
| Apr 2025 | $996K |
| May 2025 | $980K |
| Jun 2025 | $971K |
| Jul 2025 | $969K |
| Aug 2025 | $974K |
| Sep 2025 | $985K |
| Oct 2025 | $998K |
| Nov 2025 | $1.0M |
| Dec 2025 | $1.0M |
| Jan 2026 | $1.0M |
| Feb 2026 | $1.0M |
| Mar 2026 | $1000K |
| Apr 2026 | $1.0M |
| May 2026 | $1.0M |
| Jun 2026 | $1.0M |
| Jul 2026 | $1.0M |
| Aug 2026 | $1.0M |
| Sep 2026 | $1.0M |
Comparables
Rent is compared per unit, which is the only fair basis across a house and a fourplex. The subject sits 27.5% below the median of its five closest comparables.
| Address | Submarket | Distance | Price | Sq ft | $ / sq ft |
|---|---|---|---|---|---|
| 4720 W Northern Ave Subject | Glendale Central | — | $1,035,000 | 5,120 | $202 |
| 2201 N 7th St | Encanto | 8 mi | $955,000 | 4,180 | $228 |
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% |
|---|---|---|---|---|---|
| $952,000−8% | 5.9% | 4.9% | 3.8% | 2.7% | 1.6% |
| $993,500−4% | 4.9% | 3.8% | 2.7% | 1.6% | 0.5% |
| $1,035,000ask | 3.9% | 2.9% | 1.8% | 0.7% | -0.4% |
| $1,076,500+4% | 3.0% | 2.0% | 0.9% | -0.2% | -1.3% |
| $1,118,000+8% | 2.2% | 1.2% | 0.1% | -1.0% | -2.1% |
Cash-on-cash-2.1% → 5.9%
What to check before you commit
HVAC
Condenser installed 2014, 12 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 2017, 9 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 Glendale. 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.