$2,050,000
Investment Summary
- Monthly Cash Flow
- -$7,333
- Cap Rate
- 2.0%
- Cash-on-Cash Return
- -18.7%
- Debt Coverage Ratio
- 0.31
- Internal Rate of Return (5 years)
- -14.0%
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
This one of a kind property is a mountain lover's paradise! Situated on just over one acre next to Nordic Valley, this custom built home, completed in 2023, is perfectly situated to take in some of the most majestic views of Ogden Valley. Located minutes to 3 ski resorts, Pineview Reservoir and endless hiking and biking trails, there is no shortage of recreational activity right on your doorstep. Tastefully designed, this home was built to the utmost standard to withstand anything mother nature throws at it. The floor plan boasts both large gathering spaces and private areas. It's features and amenities are endless and must be experienced. Upon entering the home you'll love the vaulted ceilings that create an amazing great room with a gourmet kitchen. The kitchen features top of the line appliances including a Viking range. Take in the stunning vistas from the huge windows or step outside on the sprawling deck and enjoy warm summer nights under a sky full of stars or the serenity of the latest snowfall. The enclosed gazebo is the perfect place to relax, read, and simply take in your surroundings. The main floor has a huge sun room that can be used for a variety of uses, full bathroom with separate tub and shower, generous sized bedroom with it's own private deck and let's not forget the mudroom with dog washing station. Just off the kitchen is a large laundry room and an expertly crafted executive office complete with built in bookshelves and coffered ceiling. Upstairs you'll find the sprawling master suite complete with 2 private decks, 2 sided fireplace, vaulted ceilings with true structural beams. Several closets in the Master Suite mean there is plenty of storage and you'll love the sitting area adjacent to the fire place. The Master Bath is nothing short of amazing with custom imported cabinets, huge soaker tub and separate shower, custom lighting and yes, a sauna - making this the perfect place to relax after a long day on the mountain. Moving to the lower level of the home you'll find a space with so many possibilities. Use this as a caretakers living quarters, space for guests, extra living area, or rent it out. Complete with its own separate garage, full kitchen, office, and laundry this downstairs is a whole other house on it's own and features 2 large bedrooms and a 3/4 bathroom. Now, let's move outside! The backyard features a custom railing on the deck stairs, custom pergola, firepit, chicken coop, and garden boxes. The yard is partially fenced and with plenty of mature trees you'll forget you have neighbors. The 40x60 garage provides endless possibilities! Big enough for a 5th wheel, car collection, work shop, or just a place to tinker, it has it all! Complete with a mezzanie level, there is no shortage of options of what could be done with this spectacular space. RV hookups and a dump station are here as well! The home features all new HVAC systems, 2 40 gallon water heaters, hook ups for a generator and if needed is AC ready (although the homeowners haven't needed it due to the efficient construction). Schedule your private showing, take in the view and fall in love with all that this incredible property has to offer. All information herein is deemed reliable but not guaranteed. Buyer is responsible to verify all information including square footage and taxes.
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Location
Property Details
Parking
- Description: Rv Parking
- Details: Covered, Secured, RV Access/Parking, Attached
- Garage Spaces: 8
- Spaces Total: 18
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Total): 3.0
Interior Features
- # of Rooms: 22
- # of Stories: 3
- Basement: Yes
- Basement Description: Daylight, Full, Walk-Out Access
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Log
- Roof Material: Asphalt, Metal
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 220320011
- Lot Size: 47044 sqft
Property Information
- Property Type: Single Family Residence
- Style: Stories: 2
- Year Built: 1969
Tax Information
- Annual Tax: $5,924
Utilities
- Heating: Fireplace Insert, Central, Natural Gas, Wood Stove, Forced Air, Wood
- Cooling: Window Unit(s)
Location
- County: Weber
Listing Details
Investment Summary
- Monthly Cash Flow
- -$7,333
- Cap Rate
- 2.0%
- Cash-on-Cash Return
- -18.7%
- Debt Coverage Ratio
- 0.31
- Internal Rate of Return (5 years)
- -14.0%
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:
| $2,050,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,640,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $410,000 |
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:
| $61,500 |
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:
| $471,500 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 5,104 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $402 |
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:
| $1.10 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,640,000 |
|---|---|
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:
| $10,703 |
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:
| $494 |
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:
| $392 |
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:
| $11,589 |
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:
| $5,600 | $67,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$336 | -$4,032 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $5,264 | $63,168 |
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. | 9% | -$494 | -$5,924 |
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% | -$392 | -$4,704 |
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% | -$448 | -$5,376 |
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% | -$280 | -$3,360 |
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% | -$280 | -$3,360 |
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 | 34% | -$1,894 | -$22,724 |
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:
| $3,370 | $40,440 |
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. | -$10,703 | -$128,436 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $7,333 | $87,996 |