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$319,900

For Sale - Active
969 Circulo Golondrina, Rio Rico, AZ 85648
3 Beds
3 Baths
2,538 Square Feet
0.46 Acres Lot
Built in 1993
For Sale - Active
Units n/a
Checked: 13 hours ago
Updated: Jun 17, 2025 at 04:52AM

Investment Summary


Monthly Cash Flow
-$236
Cap Rate
4.8%
Cash-on-Cash Return
-3.8%
Debt Coverage Ratio
0.84
Internal Rate of Return (5 years)
0.3%

Property Description


0.46 Acres Lot
Built in 1993
For Sale - Active
Units n/a

Beautiful home centrally located in Rio Rico, sited on a .42 acre lot. As you come into this pleasantly inviting home you will enjoy the open feel and spacious areas of the main living room, kitchen, and formal dining area. The ample kitchen has plenty of cabinetry, and granite countertops, & it is upgraded with stainless steel appliances. The living room includes an inviting wood-burning fireplace. The spacious bedrooms include tile floors. The rear yard has been fenced around the perimeter of the property for privacy and outdoor relaxation. It has mature trees, a built-in BBQ area, and a large cement pad that could be used as a basketball court area. Enjoy the courtyard outdoors while sitting and listening to the peaceful flow of the waterfall fountain included Loaded with character, charm, and additional upgraded amenities featuring north/south orientation, tile roof, energy efficient dual pane windows, ceiling fans, washer and dryer, and more. Convenient location close to the supermarket, and restaurants, and it's easily accessible to the interstate. Come view for yourself this beautiful move-in ready home!

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Location


Property Details


Parking

  • Description: Covered, Carport
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Total): 3.0

Interior Features

  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Material: Tile

Land Information

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

Lot Information

  • Parcel ID: 11516314
  • Lot Size: 20212 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1993

Tax Information

  • Annual Tax: $2,877

Utilities

  • Heating: Ceiling, Propane
  • Cooling: Ceiling Fan(s)

Location

  • County: Santa Cruz

Listing Details


Listed by:
Cristina Carrillo
Burns Realty Inc
(520) 841-1564

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6803455
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$236
Cap Rate
4.8%
Cash-on-Cash Return
-3.8%
Debt Coverage Ratio
0.84
Internal Rate of Return (5 years)
0.3%

Purchase Details

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Purchase price:
$319,900
Amount financed:
-$255,920
Down payment:
$63,980
Closing costs:
$9,597
Rehab costs:
$0
Initial cash invested:
$73,577
Square feet:
2,538
Cost per square foot:
$126
Monthly rent per square foot:
$0.87

Financing Details

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Loan amount:
$255,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,514
Property tax:
$240
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,908

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (11%)
11%-$240-$2,877
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (36%)
36%-$790-$9,477

Cash Flow


Monthly Yearly
Net operating income:
$1,278 $15,336
Mortgage payments:
-$1,514 -$18,168
Cash flow:
$236 $2,832