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$850,000

For Sale - Active
931 E Echo Cir, Apache Junction, AZ 85119
3 Beds
2 Baths
1,756 Square Feet
1.25 Acres Lot
Built in 2003
For Sale - Active
Units n/a
Checked: 22 hours ago
Updated: Jul 17, 2025 at 08:12AM

Investment Summary


Monthly Cash Flow
-$2,318
Cap Rate
2.4%
Cash-on-Cash Return
-14.2%
Debt Coverage Ratio
0.42
Internal Rate of Return (5 years)
-9.8%

Property Description


1.25 Acres Lot
Built in 2003
For Sale - Active
Units n/a

Stunning views from this tranquil cul-de-sac home, including a 360° view of Superstition Mountain, beautifully framed from the back patio. This 2003 house features pavers front and back, 3 spacious bedrooms, 2 bathrooms, electricity, water, an outdoor kitchen, water softener & a hot tub. The interior showcases ceramic tile, new Anderson windows, new paint, and abundant natural light pouring in. Prepare delicious meals in the all-new kitchen, showcasing ample cabinetry with crown molding, custom tile backsplash, quartz countertops, double ovens, and an island/breakfast bar. The sizable main bedroom offers carpet for extra comfort, a closet, and a full en-suite with dual sinks and a separate shower & tub. The large backyard boasts a covered patio and plenty of sitting room perfect for entertaining. You'll find 3 stalls, a round pen, a tack shed, and a dog kennel. Lots of storage cabinets in the garage, nice security doors, a front Pony Wall, and a retainer wall in the back. Truly a must-see! Hurry up!

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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

Land Information

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

Lot Information

  • Parcel ID: 10006019D
  • Lot Size: 54536 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 2003

Tax Information

  • Annual Tax: $246

Utilities

  • Water & Sewer: Private, Shared Well
  • Heating: Electric
  • Cooling: Central Air, Ceiling Fan(s)

Location

  • County: Pinal

Listing Details


Listed by:
Linda P Cooley
Sonoran Country Realty LLC
(602) 568-5635

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6884281
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$2,318
Cap Rate
2.4%
Cash-on-Cash Return
-14.2%
Debt Coverage Ratio
0.42
Internal Rate of Return (5 years)
-9.8%

Purchase Details

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Purchase price:
$850,000
Amount financed:
-$680,000
Down payment:
$170,000
Closing costs:
$25,500
Rehab costs:
$0
Initial cash invested:
$195,500
Square feet:
1,756
Cost per square foot:
$484
Monthly rent per square foot:
$1.42

Financing Details

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Loan amount:
$680,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$4,022
Property tax:
$21
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,218

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (1%)
1%-$21-$246
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (26%)
26%-$646-$7,746

Cash Flow


Monthly Yearly
Net operating income:
$1,704 $20,448
Mortgage payments:
-$4,022 -$48,264
Cash flow:
$2,318 $27,816