$3,400,000
Investment Summary
- Monthly Cash Flow
- -$13,535
- Cap Rate
- 0.9%
- Cash-on-Cash Return
- -20.8%
- Debt Coverage Ratio
- 0.16
- Internal Rate of Return (5 years)
- -16.1%
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 divided by initial cash invested.
Calculation:
Annual Cash Flow / 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.
Calculation:
(Future Value / Present Value) ** (1 / Years) - 1
Property Description
A MASTERPIECE ESTATE in the heart of South Jordan! This private estate perimeter is fully enclosed with rod iron fencing and a custom gate with remote access. Exterior is brick and stucco with an asphalt shingle roof. Home features a custom Chef's kitchen with Thermador appliances, quartzite countertops, beverage fridge and a pebble ice machine. 6 large bedrooms, each with a spacious bathroom, walk-in closets and individual private deck or deck access. This home is equipped with LED lighting throughout, keeping the electrical in balance, full fire suppression system, 3 heat pumps, 3 HVAC units as well as 3 A/C units and an incredible Hydronic heating system allowing custom heat settings to individual zones and rooms on all 3 floors including the attached oversized garage. This system keeps winter heating costs to a minimum. Top of the line 25KW Solar Power System with all soar panels on detached garage. 6ea 12KW Sol-Ark inverters, 80kWh Storz Battery w whole home backup Champion Generator. The main floor has 2 gas fireplaces and showcases beautiful hardwood floors and custom tile work. It is also wheelchair friendly with wide hallways, a cement ramp into house from garage and an elevator, allowing wheelchair access to all 3 floors. Basement is one to see! Walkout to a large patio and seating area and enjoy the large windows filling the area with natural light. Basement includes a fitness center, in-ground trampoline, rock climbing wall, recreation area, craft room and cold storage. Property also features a separate, detached, large 2 bedroom, 1 full bath grounds keeper unit, Mother-in-law or guest house. The best part of this home is a custom resort-style, 22x44 salt-water pool wrapped in DEKTON with a built-in Jacuzzi. This pool is fitted with the latest Wi-Fi technology, and an automatic pool cover, an absolute MUST SEE! Attached concrete pool deck is the perfect place to entertain any size group. The pool is complemented by a 72" outdoor gas fire pit with seating for 20. This property has room to park and store your RV, trailers, boats or anything else you might need. The attached 3 car garage features 12ft ceilings, heated epoxy floors and NEW AGE metal cabinetry. Also included is a 2400 sq. ft. detached garage, let's just say there is plenty of parking for any need. This estate has a private, yet open feel with views of the mountains that cannot be overlooked. Sitting on 1.76 acres, the grounds are appointed with ample park-like grass for soccer games or picnics. This location cannot be beat! Enjoy the expansive equestrian center, just minutes away, 2 mins to Intermountain Care Center and shopping in The District. 7 min drive to I-15 to reach downtown, the airport or head over the point of the mountain to Utah county. This property is close to parks, malls, hospitals and restaurants. Approx. sq. ft. This is based on past appraisal. All information on this MLS listing given as a courtesy. Buyer to verify and confirm all information including square footage. **For a private showing, please contact Dale to setup an appointment and review pre-qualification details prior to showings.**
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Location
Property Details
Parking
- Description: Rv Parking
- Details: RV Access/Parking, Attached
- Garage Spaces: 7
- Spaces Total: 22
Bedroom Information
- # of Bedrooms: 8
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Partial): 1
- # of Baths (Total): 7.0
Interior Features
- # of Rooms: 30
- # of Stories: 3
- Basement: Yes
- Basement Description: Full, Walk-Out Access
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Brick
- Roof Material: Asphalt
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 2722378001
- Lot Size: 76665 sqft
Property Information
- Property Type: Single Family Residence
- Style: Stories: 2
- Year Built: 2004
Tax Information
- Annual Tax: $17,368
Utilities
- Heating: Forced Air, Heat Pump, Radiant, Hot Water
- Cooling: Ceiling Fan(s), Central Air, Heat Pump
Location
- County: Salt Lake
Listing Details
Investment Summary
- Monthly Cash Flow
- -$13,535
- Cap Rate
- 0.9%
- Cash-on-Cash Return
- -20.8%
- Debt Coverage Ratio
- 0.16
- Internal Rate of Return (5 years)
- -16.1%
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 divided by initial cash invested.
Calculation:
Annual Cash Flow / 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.
Calculation:
(Future Value / Present Value) ** (1 / Years) - 1
Purchase Details
|
The price paid for the property. Purchase price:
| $3,400,000 |
|---|---|
|
The amount of the purchase financed through a loan. Amount financed:
| -$2,720,000 |
Down paymentThe initial payment made towards the purchase. Calculation:Purchase price - Amount financed Down payment:
| $680,000 |
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:
| $102,000 |
|
Costs incurred to repair or improve the property. Rehab costs:
| $0 |
Initial cash investedTotal initial cash invested in the property. Calculation:Down payment + Buying costs + Rehab costs Initial cash invested:
| $782,000 |
|
The total square footage (SQFT) of the property. Square feet:
| 13,216 |
|
Cost per square foot of the property. Calculation:Purchase price / Square feet Cost per square foot:
| $257 |
|
Monthly rent divided by square footage. Calculation:Monthly rent / Square feet Monthly rent per square foot:
| $0.44 |
Financing Details
Loan amountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $2,720,000 |
|---|---|
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:
| 5.875% |
Principle & Interest (PI)The principle is the portion of the loan payment that reduces the loan balance. The interest is the lender's charge for borrowing money.
Principle & interest:
| $16,090 |
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:
| $1,447 |
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:
| $406 |
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 |
|
The 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:
| $17,943 |
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:
| $5,800 | $69,600 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$348 | -$4,176 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $5,452 | $65,424 |
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. | 25% | -$1,447 | -$17,368 |
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% | -$406 | -$4,872 |
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% | -$464 | -$5,568 |
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% | -$290 | -$3,480 |
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% | -$290 | -$3,480 |
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.. | 0% | $0 | $0 |
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 | 50% | -$2,897 | -$34,768 |
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:
| $2,555 | $30,660 |
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. | -$16,090 | -$193,080 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $13,535 | $162,420 |