3115 N 53RD Drive
About This Property
3115 N 53rd Dr is a single-story Phoenix home built in 1956. The kitchen features wood cabinetry, a tile floor, a built-in wall oven, and a separate cooktop, with a window over the sink. The main living room is carpeted and connects to a family room anchored by a painted brick fireplace. Four carpeted bedrooms provide flexible space, and the two full bathrooms include one with a tub and shower combination and another with a walk-in tile shower and a double vanity. Out back, a covered patio and a tiled patio area overlook a fully fenced backyard on an 8,407-square-foot lot.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 23, 2026 | Relisted | $325,000 | |
| Relisted | |||
| Aug 30, 2026 | In contract | - | |
| In contract | |||
| Aug 20, 2026 | Price Decreased |
$325,000
↓ $3K
(0.9%) | |
| Price Decreased | |||
| Aug 6, 2026 | Price Decreased |
$328,000
↓ $7K
(2.1%) | |
| Price Decreased | |||
| Jul 30, 2026 | Listed by Opendoor Brokerage, LLC | $335,000 | |
| Listed by Opendoor Brokerage, LLC | |||
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About Maryvale
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Last Updated: 11 days ago
Data Source: ARMLS, MLS# 7060720
Brokerage email: [email protected]
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017