$950,000
Investment Summary
- Monthly Cash Flow
- -$3,082
- Cap Rate
- 2.4%
- Cash-on-Cash Return
- -16.9%
- Debt Coverage Ratio
- 0.38
- Internal Rate of Return (5 years)
- -12.4%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Property Description
Finally, A Gated Golf Course Estate With Salt Water Heated Gunite Pool & Spa, Pond View, Finished Basement, Three-Car Garage, Primary Suite On The Main Level, Over An Acre & A Half Of Land, Two Laundry Rooms, ALL Hardwood Floors & No Carpet, Fresh Paint, & Plantation Shutters Throughout, Plus Multiple Rooms That Could Be Converted To Additional Bedrooms! Located In The River Forest Subdivision, This Property Offers A 24/7 Guarded Gate, Golf, Equestrian Facilities, Walking Trails, Playgrounds, Soccer, Tennis, Two Pools, & RV & Boat Storage! Coming Down The Long Private Driveway, You Will Notice The Flagstone Steps Leading To The Heated Saltwater Pool & Spa, Surrounded By Roses & Azaleas, Overlooking The First Hole Of The Golf Course. The Main Level Features Soaring Ceilings, The Owner's Suite, A Half Bathroom, A Mudroom With Built-Ins, A Walk-In Laundry Room With Cabinets, A Stacked Stone Gas Fireside Family Room, & A Chef's Kitchen With Keeping Room & Access To The Fireside Composite Wood Deck With Golf Course & Pool Views. The Gourmet Kitchen Is Equipped With Jenn-Air Appliances, Including A Six-Burner Gas Stove, Double Oven, Commercial Refrigerator, Granite Countertops, Walnut Cabinets, & A Walk-In Pantry. The Owner's Suite Includes Cathedral Ceilings, Deck Access, His & Hers Closets, Double Vanities, A Whirlpool Tub, Water Closet, & A Vanity Sitting Area. Hand-Scraped Wide Plank Hardwoods & Plantation Shutters Are Featured Throughout The Entire First & Second Levels. Upstairs, You Will Find An Open Concept Study Or Flex Room With Built-In Shelves Overlooking The Family Room. French Doors Could Be Added To Convert This Space Into A Bedroom, As It Has A Private Full Bathroom With Granite Countertops, Tub, & Shower Across The Hall. To The Left Is Another Bedroom With A Private Ensuite Bathroom & A Large Walk-In Closet. Down The Hall, There Is A Third Full Bathroom With Granite Countertops, Tub, & Shower, Another Giant Closet, & An Oversized Bedroom With Pine Ceilings & Plenty Of Natural Light. A Second Laundry Room Is Also Located On This Level. The Finished Basement Includes An Additional Bedroom With Oversized Bathroom + Double Vanity, Glass Shower & Tile Floors, + A Utility Room For Pool Storage, A Workshop With Built-Ins & Three Large Flex Rooms That Could Be Converted Into A Kitchen, Living Room, Office, Craft Room, Home Theatre Or Home Gym. One Room Has A Sliding Glass Door With A Pool View, & There Is Also A Side Exterior Entrance That Makes The Space Ideal For Generational Living. The Home Also Offers Multiple Green Walk-Out Areas & An Irrigation System. The Three-Car Garage Is Attached By A Covered Breezeway That Leads Directly To The Main Level Mudroom & Laundry Room. This Property Is Super Energy Efficient With Zoned Heating & Cooling + High Speed Fiber Optic Internet Service.
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Location
Property Details
Parking
- Description: Attached, Driveway, Garage
- Details: Garage Door Opener, Garage, Kitchen Level, Storage, Boat
- Garage Spaces: 9
- Spaces Total: 9
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 5
- # of Baths (Partial): 1
- # of Baths (Total): 0.0
Interior Features
- # of Stories: 2
- Attic: Yes
- Basement: Yes
- Basement Description: Daylight, Interior Entry, Exterior Entry, Finished, Full
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Wood Shingle
- Foundation: Block
- Roof Type: Hip
- Roof Material: Composition
- Pool: Yes
HOA
- Has HOA: Yes
- HOA Fee: $1,100/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 026B042
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: European, Craftsman
- Year Built: 2007
Tax Information
- Annual Tax: $8,648
Utilities
- Water & Sewer: Public
- Heating: Zoned, Electric
- Cooling: Ceiling Fan(s), Central Air, Electric, Zoned
Location
- County: Monroe
Investment Summary
- Monthly Cash Flow
- -$3,082
- Cap Rate
- 2.4%
- Cash-on-Cash Return
- -16.9%
- Debt Coverage Ratio
- 0.38
- Internal Rate of Return (5 years)
- -12.4%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Purchase Details
Purchase PriceThe price paid for the property. Purchase price:
| $950,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$760,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $190,000 |
Closing CostsFees and expenses associated with purchasing a property, typically ranging from 2% to 5% of the home’s purchase price, paid at the end of a home purchase to cover services like lending, title transfer, and taxes. Closing costs:
| $28,500 |
Rehab CostsCosts incurred to repair or improve the property, including: roof, flooring, exterior siding, kitchen, exterior paint, bathrooms, etc. Rehab costs:
| $0 |
Initial Cash InvestedThe total initial cash invested in the property. Calculation:Down payment + Buying costs + Rehab costs Initial cash invested:
| $218,500 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 6,975 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $136 |
Monthly Rent Per Square FootMonthly rent divided by the number of square feet. This ratio helps investors compare rental income efficiency across properties, markets, and unit sizes Calculation:Monthly Rent / Square Feet Monthly rent per square foot:
| $0.56 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $760,000 |
|---|---|
Loan to Value Ratio (LTV)Loan amount divided by the market value of the property. Calculation:Loan Amount / Market Value
Loan to value ratio:
| 80.0% |
Loan TypeThe type of loan (e.g., fixed, adjustable).
Loan type:
| Amortizing |
TermThe loan repayment period in years.
Term:
| 30 years |
Interest RateThe percentage a lender charges on the borrowed amount of a loan, determining the cost of borrowing money.
Interest rate:
| 6.810% |
Principal & Interest (PI)The principal is the portion of the loan payment that reduces the loan balance. The interest is the lender's charge for borrowing money. Calculation:(P * r * (1 + r) ** n) / ((1 + r) ** n - 1) Where:
P = Loan amount (principal)
Principal & interest:
| $4,960 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services. Calculation:Assumes 12% of gross rental income, unless public tax records are available.
Property tax:
| $721 |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified.
Insurance:
| $273 |
Private Mortgage Insurance (PMI)A fee that borrowers pay when they take out a conventional loan with a loan-to-value (LTV) ratio above 80%.
Private mortgage insurance (PMI):
| $0 |
Monthly PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. Monthly payment:
| $5,954 |
Operating Income
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Gross RentThe total rental income received from tenants before deducting any expenses. Includes base rent, late fees, pet fees, parking fees, and other recurring charges.
Gross rent:
| $3,900 | $46,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$234 | -$2,808 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,666 | $43,992 |
Operating Expenses
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services. Calculation:Assumes 12% of gross rental income, unless public tax records are available. | 18% | -$721 | -$8,648 |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified. | 7% | -$273 | -$3,276 |
Property ManagementThe costs associated with hiring a property manager to handle the day-to-day operations of a rental property. Includes management fees, leasing fes, eviction fees, etc. Calculation:Assumes 8% of gross rental income. | 8% | -$312 | -$3,744 |
Repairs & MaintenanceOngoing costs for routine upkeep and minor fixes needed to keep a property in good working condition. Calculation:Assumes 5% of gross rental income. Varies by property age and condition. | 5% | -$195 | -$2,340 |
Capital ExpensesLarge, infrequent costs for major improvements or replacements, like a new roof, HVAC system, or appliances. Calculation:Assumes 5% of gross rental income. Varies by property age. | 5% | -$195 | -$2,340 |
HOA FeesRegular dues paid to a Homeowners Association for community maintenance, amenities, and management. Similar fees include: Condo Association Fees, Co-op Maintenance Fees, etc. Calculation:Assumes 0% gross rental income, unless specified.. | 2% | -$92 | -$1,104 |
Operating ExpensesRecurring costs required to maintain and manage a rental property, including property taxes, insurance, maintenance, repairs, utilities (if paid by the owner), property management fees, and other day-to-day expenses. Calculation:Insurance + Property Taxes + Property Management + Repairs & Maintenance + Capital Expenditures + HOA Fees | 46% | -$1,788 | -$21,452 |
Cash Flow
| Monthly | Yearly | |
|---|---|---|
Net Operating Income (NOI)The income generated from a property after deducting all operating expenses but before deducting mortgage payments, taxes, and capital expenditures. Calculation:Gross Operating Income - Operating Expenses
Net operating income:
| $1,878 | $22,536 |
Mortgage PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. | -$4,960 | -$59,520 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $3,082 | $36,984 |