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$437,000

For Sale - Active
359 W Raven Cliff Way, Tonto Basin, AZ 85553
3 Beds
2 Baths
1,509 Square Feet
0.50 Acres Lot
Built in 2017
For Sale - Active
Units n/a
Checked: 10 hours ago
Updated: Aug 03, 2025 at 02:20AM

Investment Summary


Monthly Cash Flow
-$337
Cap Rate
4.8%
Cash-on-Cash Return
-4.0%
Debt Coverage Ratio
0.84
Internal Rate of Return (5 years)
0.1%

Property Description


0.50 Acres Lot
Built in 2017
For Sale - Active
Units n/a

This well-maintained home is located in a site build home only neiborhood surrounded by many custom homes, it features 3 bedrooms and 2 bathrooms, custom concrete kitchen countertops, vaulted ceilings. Basketball court, Tetherball pole, and Volleyball poles. Only seven miles from Roosevelt Lake for great fishing and water and room to park all of your toys

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Location


Property Details


Parking

  • Description: RV Access/Parking
  • Details: RV Access/Parking
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Total): 2.0

Interior Features

  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Wood Siding
  • Roof Material: Composition

Land Information

  • Land Use: Residential
  • Land Use Subtype: Rural/Agricultural

Lot Information

  • Parcel ID: 20108100A
  • Lot Size: 21780 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 2017

Tax Information

  • Annual Tax: $2,405

Utilities

  • Heating: Electric
  • Cooling: Central Air

Location

  • County: Gila

Listing Details


Listed by:
Romaine Heap
Coldwell Banker Bishop Realty
(928) 978-9117

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6846107
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$337
Cap Rate
4.8%
Cash-on-Cash Return
-4.0%
Debt Coverage Ratio
0.84
Internal Rate of Return (5 years)
0.1%

Purchase Details

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Purchase price:
$437,000
Amount financed:
-$349,600
Down payment:
$87,400
Closing costs:
$13,110
Rehab costs:
$0
Initial cash invested:
$100,510
Square feet:
1,509
Cost per square foot:
$290
Monthly rent per square foot:
$1.86

Financing Details

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Loan amount:
$349,600
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,068
Property tax:
$201
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,465

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,800 $33,600
Vacancy loss: (6%)
6% -$168 -$2,016
Operating income:
$2,632 $31,584

Operating Expenses


% Rent Monthly Yearly
Property taxes: (7%)
7%-$201-$2,406
Insurance: (7%)
7%-$196-$2,352
Property management: (8%)
8%-$224-$2,688
Repairs & maintenance: (5%)
5%-$140-$1,680
Capital expenditures: (5%)
5%-$140-$1,680
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (32%)
32%-$901-$10,806

Cash Flow


Monthly Yearly
Net operating income:
$1,731 $20,772
Mortgage payments:
-$2,068 -$24,816
Cash flow:
$337 $4,044