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$649,000

For Sale - Active
28226 N Crook Ct, Rio Verde, AZ 85263
2 Beds
2 Baths
1,543 Square Feet
0.17 Acres Lot
Built in 2019
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Apr 23, 2025 at 09:36PM

Investment Summary


Monthly Cash Flow
-$1,340
Cap Rate
3.8%
Cash-on-Cash Return
-10.8%
Debt Coverage Ratio
0.61
Internal Rate of Return (5 years)
-6.4%

Property Description


0.17 Acres Lot
Built in 2019
For Sale - Active
Units n/a

Welcome to this stunning Juniper layout, featuring a tranquil backyard with Sonoran-inspired landscaping. This home boasts 2 bedrooms, 2 bathrooms, a gourmet kitchen, and exquisite designer finishes throughout. Admire the charming shutters and neutral tones that enhance every room. In the spacious great room, you'll find a custom-built media cabinet, surround sound, and a sleek modern ceiling fan. The kitchen is a chef's delight with granite countertops, a walk-in pantry, stainless steel appliances, stylish tile backsplash, and a convenient kitchen island breakfast bar. The primary suite offers tile floors and a luxurious ensuite complete with a dual sink vanity, tiled shower, and a spacious walk-in closet. Bedroom 2 is move-in ready and spotless! . Outside, enjoy the cozy covered patio with a roller shades for added shade and privacy, along with a built-in BBQ. You will love the easy-care artificial turf, and a separate seating area. Don't miss out on this exceptional home! The amenities at Verde River are World Class with Tom Lehman inspired eighteen-hole Golf course, tennis courts, pickleball courts, and bocce ball, heated lap pool and Resort style swimming pool, hot tub, Afterburn fitness center, Helen's demonstration Kitchen for cooking classes and a 7.5 acre dog park. The community center has casual poolside dining at Eddy's Diner and gourmet dining at award-winning Needle Rock Kitchen and Tap, Alvea Spa with full-service Salon and Spa amenities, Art Loft and events center. Trilogy at Verde River is adjacent to the Tonto National Forest and is situated in the middle of miles and miles of hiking and biking trails.

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Location


Property Details


Parking

  • Description: Dir Entry frm Garage, Electric Door Opener
  • Details: Garage Door Opener, Direct Access
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Total): 2.0

Interior Features

  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Material: Tile
  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • Association: VR Communtiy
  • HOA Fee: $1,521/quarterly

Land Information

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

Lot Information

  • Parcel ID: 21938629
  • Lot Size: 7314 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2019

Tax Information

  • Annual Tax: $2,951

Utilities

  • Heating: See Remarks
  • Cooling: Central Air, Ceiling Fan(s)

Location

  • County: Maricopa

Listing Details


Listed by:
Beth M Rider
Keller Williams Arizona Realty
(602) 315-8749

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6810468
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$1,340
Cap Rate
3.8%
Cash-on-Cash Return
-10.8%
Debt Coverage Ratio
0.61
Internal Rate of Return (5 years)
-6.4%

Purchase Details

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Purchase price:
$649,000
Amount financed:
-$519,200
Down payment:
$129,800
Closing costs:
$19,470
Rehab costs:
$0
Initial cash invested:
$149,270
Square feet:
1,543
Cost per square foot:
$421
Monthly rent per square foot:
$2.66

Financing Details

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Loan amount:
$519,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.890%
Principal & interest:
$3,416
Property tax:
$246
Insurance:
$287
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,949

Operating Income

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% Rent Monthly Yearly
Gross rent:
$4,100 $49,200
Vacancy loss: (6%)
6% -$246 -$2,952
Operating income:
$3,854 $46,248

Operating Expenses


% Rent Monthly Yearly
Property taxes: (6%)
6%-$246-$2,951
Insurance: (7%)
7%-$287-$3,444
Property management: (8%)
8%-$328-$3,936
Repairs & maintenance: (5%)
5%-$205-$2,460
Capital expenditures: (5%)
5%-$205-$2,460
HOA fees: (12%)
12%-$507-$6,084
Total operating expenses: (43%)
43%-$1,778-$21,335

Cash Flow


Monthly Yearly
Net operating income:
$2,076 $24,912
Mortgage payments:
-$3,416 -$40,992
Cash flow:
$1,340 $16,080