$1,650,000
Investment Summary
- Monthly Cash Flow
- -$6,154
- Cap Rate
- 1.2%
- Cash-on-Cash Return
- -19.5%
- Debt Coverage Ratio
- 0.21
- Internal Rate of Return (5 years)
- -14.8%
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
Don't miss this spectacular home! Situated on a stunning 46-acre estate in one of Draper's most sought-after neighborhoods, this exceptional property offers sweeping mountain views and a central location that strikes the perfect balance between Salt Lake City and Utah Valley. With easy access to top-rated schools, including Corner Canyon High School, as well as premier shopping, dining, and world-class ski resorts, this estate is ideally positioned to enjoy the best of both worlds. Residents will appreciate the proximity to Draper's renowned parks and trail system, with Willow Creek Trail access from the neighborhood leading to Draper City Park. Upon entering, you are greeted by an inviting foyer featuring a striking brushed gold chandelier and a shiplap-lined ceiling, which sets the tone for the home's sophisticated design. Adjacent to the foyer, the elegant living room offers a serene space to unwind, highlighted by a beautifully coved shiplap-lined ceiling. The main floor is enhanced with quality upgrades, including rich hardwood floors, vaulted ceilings, picture frame wainscoting accents, crown molding, new designer light fixtures, and a convenient central vacuum system. The well-appointed gourmet kitchen is a true centerpiece, with custom white cabinetry, quartz countertops, and a matching quartz backsplash. Equipped with a gas range, stainless steel appliances, a double oven, and a spacious center island with counter seating and a prep sink, it's both functional and stylish. The adjoining dining area offers a charming space for meals, with a walk-out door leading to the covered deck and professionally landscaped yard. The great room is designed for relaxation, featuring a cozy gas fireplace with a custom mantel and a striking shiplap hearth. On the main floor, you'll also find three thoughtfully designed bedrooms, two full bathrooms, a large laundry room with a sink, and a mudroom area. The grand primary suite is a true retreat, boasting a tray ceiling, a bay window, intricate molding, and an expansive walk-in closet. The spa-like primary bathroom offers a jetted tub, a separate shower, a double vanity with sleek quartz countertops, and a private commode room. The finished daylight basement, with 9-foot ceilings, is a versatile space that could easily function as an accessory dwelling unit (ADU). It includes a fully equipped kitchen, two bedrooms, a large recreation room, a full bathroom, and an additional three-quarter bathroom. The basement also features a second fireplace with a stone hearth, as well as a walk-out door to the yard and a private basement entrance connecting to the garage. An added bonus is the charming play nook for children. The property's outdoor spaces are equally impressive, with lush landscaping, raised stone flower beds, mature trees, and landscape lighting that create a serene and picturesque environment. Enjoy mountain views from the beautifully landscaped yard, which also includes a gazebo with lights, a large patio area, and a storage shed. The fully fenced yard has ample space for outdoor activities, with potential room for a pool and a pickleball court. The oversized 3-car garage is thoughtfully designed with extra depth, providing plenty of storage space while still offering room for vehicles. This residence provides a truly exceptional living experience in one of Draper's premier neighborhoods.
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Location
Property Details
Parking
- Description: Attached Garage
- Details: Attached
- Garage Spaces: 3
- Spaces Total: 9
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Partial): 1
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 22
- # of Stories: 2
- Basement: Yes
- Basement Description: Full, Walk-Out Access
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Brick
- Roof Material: Asphalt
HOA
- Has HOA: Yes
- HOA Fee: $150/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 2832403001
- Lot Size: 20037 sqft
Property Information
- Property Type: Single Family Residence
- Style: Rambler/Ranch
- Year Built: 1999
Tax Information
- Annual Tax: $6,486
Utilities
- Heating: Central, Natural Gas, Forced Air
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Salt Lake
Listing Details
Investment Summary
- Monthly Cash Flow
- -$6,154
- Cap Rate
- 1.2%
- Cash-on-Cash Return
- -19.5%
- Debt Coverage Ratio
- 0.21
- Internal Rate of Return (5 years)
- -14.8%
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:
| $1,650,000 |
|---|---|
|
The amount of the purchase financed through a loan. Amount financed:
| -$1,320,000 |
Down paymentThe initial payment made towards the purchase. Calculation:Purchase price - Amount financed Down payment:
| $330,000 |
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:
| $49,500 |
|
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:
| $379,500 |
|
The total square footage (SQFT) of the property. Square feet:
| 5,290 |
|
Cost per square foot of the property. Calculation:Purchase price / Square feet Cost per square foot:
| $312 |
|
Monthly rent divided by square footage. Calculation:Monthly rent / Square feet Monthly rent per square foot:
| $0.60 |
Financing Details
Loan amountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,320,000 |
|---|---|
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:
| $7,808 |
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:
| $541 |
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:
| $224 |
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:
| $8,573 |
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:
| $3,200 | $38,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$192 | -$2,304 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,008 | $36,096 |
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. | 17% | -$541 | -$6,486 |
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% | -$224 | -$2,688 |
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% | -$256 | -$3,072 |
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% | -$160 | -$1,920 |
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% | -$160 | -$1,920 |
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% | -$13 | -$156 |
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 | 42% | -$1,354 | -$16,242 |
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:
| $1,654 | $19,848 |
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. | -$7,808 | -$93,696 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $6,154 | $73,848 |