OPTIMAL
The Magnolia Gardens
Phoenix, AZ • B-Class Residential
Key metrics
- List price
- $4.2M
- Units
- 24
- Cap rate
- 5.8%
- Cash-on-cash
- 11.3%
- 5yr IRR
- 18.4%
- IQ score
- 92
Investment summary
Asset currently yielding 12% below market rents. Local submarket absorption trending +4.2% YoY. Value-add potential identified in utility bill-back implementation.
- Historical HVAC maintenance costs exceed 15% of OpEx.
- Zoning favorability for ADU conversion in Rear Lot A.