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1127 W GROVERS Avenue
About This Property
The spacious layout offers bright living areas, warm wood cabinetry, generous kitchen space, a cozy fireplace, and tons of closet space. The primary suite includes a walk-in closet and private bath. Enjoy Arizona living year-round in the private backyard with a deep diving pool, mature landscaping, and a beautifully lit gazebo perfect for entertaining. Additional upgrades include a new HVAC system and dishwasher (2025), new water heater, and updated variable-speed pool pump. Conveniently located near major freeways, shopping, dining, and top-rated schools, this move-in-ready North Phoenix home combines lifestyle, efficiency, and value.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About Deer Valley
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Last Updated: 5 months ago
Data Source: ARMLS, MLS# 7027547
Brokerage email: [email protected]
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017