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$909,850

For Sale - Active
43805 N Ericson Ln, New River, AZ 85087
6 Beds
5 Baths
4,320 Square Feet
0.25 Acres Lot
Built in 2014
For Sale - Active
Units n/a
Checked: 10 hours ago
Updated: Jul 17, 2025 at 07:29AM

Investment Summary


Monthly Cash Flow
-$2,275
Cap Rate
2.7%
Cash-on-Cash Return
-13.0%
Debt Coverage Ratio
0.47
Internal Rate of Return (5 years)
-8.6%

Property Description


0.25 Acres Lot
Built in 2014
For Sale - Active
Units n/a

Discover this stunning home boasting a resort-style backyard framed by majestic mountain views. Spanning over 4,300 sq ft, this expansive residence features 6 bedrooms, 4.5 bathrooms, and a 3-car garage. The gourmet kitchen dazzles with double wall ovens, a gas cooktop, granite countertops, and a spacious island breakfast bar. Enjoy breathtaking views through the extended length sliding glass door in the great room. Upstairs tall 9 foot ceilings and a spacious loft showcase beautiful engineered hardwood flooring and surround sound. The oversized primary suite includes a sitting area and a lavish ensuite with a tiled soaking tub, shower, and dual sink vanities with granite countertops. Outside, the dreamy backyard invites relaxation with an expansive covered patio, putting green, pool, spa and the elevated sitting area enhances the scenery through the wrought iron view fence.The outdoor kitchen offers a bar area to sit, refrigerators, and a built-in bbq! There is a shade that pulls down for added shade. Additional features include multiple exterior outlets for tvs or lights, the garage has a service door and epoxy floors, R/O system, and a newer water heater! Do not miss out on this beautiful home!

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Location


Property Details


Parking

  • Description: Dir Entry frm Garage, Electric Door Opener, Extnded Lngth Garage, Over Height Garage, RV Gate
  • Details: Garage Door Opener, Direct Access
  • Garage Spaces: 3
  • Spaces Total: 3

Bedroom Information

  • # of Bedrooms: 6

Bathroom Information

  • # of Baths (Total): 5.0

Interior Features

  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Arroyo Norte
  • HOA Fee: $121/monthly

Land Information

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

Lot Information

  • Parcel ID: 20223368
  • Lot Size: 10750 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2014

Tax Information

  • Annual Tax: $3,986

Utilities

  • Heating: Natural Gas
  • 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#: 6827546
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$2,275
Cap Rate
2.7%
Cash-on-Cash Return
-13.0%
Debt Coverage Ratio
0.47
Internal Rate of Return (5 years)
-8.6%

Purchase Details

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Purchase price:
$909,850
Amount financed:
-$727,880
Down payment:
$181,970
Closing costs:
$27,296
Rehab costs:
$0
Initial cash invested:
$209,266
Square feet:
4,320
Cost per square foot:
$211
Monthly rent per square foot:
$0.83

Financing Details

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Loan amount:
$727,880
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$4,306
Property tax:
$332
Insurance:
$252
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,890

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,600 $43,200
Vacancy loss: (6%)
6% -$216 -$2,592
Operating income:
$3,384 $40,608

Operating Expenses


% Rent Monthly Yearly
Property taxes: (9%)
9%-$332-$3,986
Insurance: (7%)
7%-$252-$3,024
Property management: (8%)
8%-$288-$3,456
Repairs & maintenance: (5%)
5%-$180-$2,160
Capital expenditures: (5%)
5%-$180-$2,160
HOA fees: (3%)
3%-$121-$1,452
Total operating expenses: (38%)
38%-$1,353-$16,238

Cash Flow


Monthly Yearly
Net operating income:
$2,031 $24,372
Mortgage payments:
-$4,306 -$51,672
Cash flow:
$2,275 $27,300