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$364,900

For Sale - Active
21978 N Dietz Dr, Maricopa, AZ 85138
3 Beds
2 Baths
2,131 Square Feet
0.13 Acres Lot
Built in 2005
For Sale - Active
Units n/a
Checked: 2 days ago
Updated: Jul 17, 2025 at 08:00AM

Investment Summary


Monthly Cash Flow
-$626
Cap Rate
3.6%
Cash-on-Cash Return
-9.0%
Debt Coverage Ratio
0.64
Internal Rate of Return (5 years)
-4.7%

Property Description


0.13 Acres Lot
Built in 2005
For Sale - Active
Units n/a

PRICE IMPROVEMENT. MOTIVATED SELLERS. This charming 3 bedroom plus office/den with golf course views, located in sought after Rancho El Durado offers a blend of comfort and timeless elegance nestled along the 14th hole of the Duke golf course. As you step inside, you're greeted by a charming open concept gourmet kitchen with granite countertops, spacious island and upgraded cabinets with stainless steel appliances. Kitchen opens up to an inviting great room, creating a warm and functional space for entertaining. At the front of the home, boasts a separate living room with formal dining room for gatherings or a quiet evening at home. For those working from home, the home has an office/den with french doors. Step outside, and you'll find golf course views with a new professionally installed golf netting. With its thoughtful upgrades, stunning views,and prime location this home is ready to welcome you home with comfort and style.

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Location


Property Details


Parking

  • Description: Electric Door Opener
  • Details: Garage Door Opener
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Total): 2.0

Interior Features

  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Other
  • Roof Material: Tile

HOA

  • Has HOA: Yes
  • Association: Rancho El Dorado HOA
  • HOA Fee: $150/quarterly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 512063540
  • Lot Size: 5501 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2005

Tax Information

  • Annual Tax: $2,743

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas
  • Cooling: Central Air

Location

  • County: Pinal

Listing Details


Listed by:
Karen Peck
HomeSmart
(602) 230-7600

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6731231
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$626
Cap Rate
3.6%
Cash-on-Cash Return
-9.0%
Debt Coverage Ratio
0.64
Internal Rate of Return (5 years)
-4.7%

Purchase Details

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Purchase price:
$364,900
Amount financed:
-$291,920
Down payment:
$72,980
Closing costs:
$10,947
Rehab costs:
$0
Initial cash invested:
$83,927
Square feet:
2,131
Cost per square foot:
$171
Monthly rent per square foot:
$0.94

Financing Details

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Loan amount:
$291,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,727
Property tax:
$229
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,096

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (11%)
11%-$229-$2,743
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (3%)
3%-$50-$600
Total operating expenses: (39%)
39%-$779-$9,343

Cash Flow


Monthly Yearly
Net operating income:
$1,101 $13,212
Mortgage payments:
-$1,727 -$20,724
Cash flow:
$626 $7,512