MultifamilyManaged
Sunset Ridge Apartments
7400 W Sunset Ridge, Phoenix, AZ
- Size
- 196 units
- Year built
- 2001
- Acquired
- 08/15/23
- Basis
- $38.0M
- Fund
- Fund III
- Region
- Southwest
- Manager
- Cushman & Wakefield
- Accounting system
- AppFolio
T12 NOI
$2.0M
+7.5% vs prior T12
Occupancy
90.2%
As of Aug 2026 rent roll
NOI / unit
$10,106
Trailing 12 months
Yield on cost
5.21%
T12 NOI / purchase price
DSCR
n/a
No debt
Monthly NOI
Sep 25 to Aug 26Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Debt
Third-party managed. No debt tracked.
T12 income statement
PropLake standard chart of accounts · mapped from AppFolio| Revenue | ||
| 4010Rental Income | $3,808,248 | 12 bronze rows |
| 4020Other Income | $153,367 | 12 bronze rows |
| 4030Vacancy Loss | ($188,329) | 12 bronze rows |
| Total revenue | $3,773,286 | |
| Operating expenses | ||
| 5010Payroll | $357,241 | 12 bronze rows |
| 5020Repairs & Maintenance | $253,417 | 12 bronze rows |
| 5030Utilities | $216,664 | 12 bronze rows |
| 5040Property Taxes | $393,680 | 12 bronze rows |
| 5050Insurance | $143,155 | 12 bronze rows |
| 5060Management Fees | $179,501 | 12 bronze rows |
| 5070Marketing | $71,014 | 12 bronze rows |
| 5080General & Administrative | $177,811 | 12 bronze rows |
| Total operating expenses | $1,792,483 | |
| Net operating income | $1,980,803 | |
| Below NOI | ||
| 6010Interest Expense | $0 | 12 bronze rows |
| 6020Capital Expenditures | $105,826 | 12 bronze rows |
| Net cash flow | $1,874,977 | |