$1,917,000
Investment Summary
- Monthly Cash Flow
- -$5,873
- Cap Rate
- 2.0%
- Cash-on-Cash Return
- -16.0%
- Debt Coverage Ratio
- 0.35
- Internal Rate of Return (5 years)
- -11.5%
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
Welcome to this exquisite, fully renovated rambler, nestled in the prestigious Valle di Villa community-an exclusive neighborhood. Set on a sprawling 0.58-acre lot, this luxurious home is ideally located across the street from the Hidden Valley Golf Course, offering gorgeous mountain views and an unparalleled lifestyle on the East bench of Draper. Meticulously updated with over $640,000 in high-end improvements since 2022, this home offers the ultimate in comfort, style, and modern living. As you approach the home, you'll immediately appreciate the flawless brick exterior, featuring a new roof, new Renewal by Andersen windows, and new garage doors. Inside, no detail has been overlooked, from the grand entryway adorned with a stunning new chandelier to the soaring vaulted ceilings and arched doorways. The welcoming living room, elegant formal dining room, and private den are perfect for both intimate gatherings and lavish entertaining. The great room, a true centerpiece of this home, invites you to unwind and gather by the cozy gas fireplace. For the discerning chef, the all-new kitchen is nothing short of spectacular. It features custom cabinetry, gleaming quartz countertops, a pantry, and top-of-the-line appliances, including a 48-inch Wolf 6-burner range with a griddle plate, and a Thermador column-style built-in refrigerator and freezer-this kitchen is a culinary dream. The butler's pantry and beverage fridge ensure seamless entertaining, while the high-performance wood-clad range hood adds a sophisticated touch. The open layout allows for easy access to the great room, making this kitchen as functional as it is stylish. The luxurious primary suite is a sanctuary of comfort and tranquility. Tall, sunny windows bathe the room in natural light, highlighting the vaulted ceilings and the thoughtfully designed walk-in closet with a built-in organizer system. The all-new, spa-like primary bath is a retreat in itself, featuring a new soaking tub with traditional and exfoliating jets, a double vanity, and a separate shower with a beautifully tiled surround. The remaining three bathrooms have also been updated with new surrounds, tile flooring, vanities, countertops, and fixtures. This home is truly move-in ready with fresh paint, refinished hardwood floors, and new carpet. The finished basement, with 10-foot ceilings, is a true extension of the home, offering a vast recreational room, a cozy play nook, four spacious bedrooms, and two full bathrooms-perfect for growing families or hosting guests. Additionally, you'll find a second laundry connection, a cold storage room, and two additional storage rooms in the basement. Step outside to discover the professionally landscaped grounds, offering mature trees, a lush lawn, a new composite deck, a new patio, rock accents, and manicured plants. Other features include two furnaces, two A/C units, a water softener, water filtration system, humidifier, a storage shed, and leaf filters on the rain gutters. The expansive lot also has ample space for a future pool or pickleball court. Living in Draper you are surrounded by world-class trail systems, breathtaking parks, and top-rated schools. You will also enjoy unmatched shopping, dining, and easy access to everything you need-all while being tucked away in a prestigious neighborhood. The Valle di Villa subdivision also boasts a sparkling swimming pool, clubhouse, and walking path to enjoy. Please see the attached renovation/upgrade summary document
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Location
Property Details
Parking
- Description: Open, Covered, Garage
- Details: Attached
- Garage Spaces: 3
- Spaces Total: 9
Bedroom Information
- # of Bedrooms: 6
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Partial): 1
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 21
- # of Stories: 2
- Basement: Yes
- Basement Description: Full
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Roof Material: Asphalt
HOA
- Has HOA: Yes
- Association: Community Solutions
- HOA Fee: $1,300/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 2827155006
- Lot Size: 25264 sqft
Property Information
- Property Type: Single Family Residence
- Style: Rambler/Ranch
- Year Built: 2005
Tax Information
- Annual Tax: $6,685
Utilities
- Heating: Central, Natural Gas, Forced Air
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Salt Lake
Listing Details
Investment Summary
- Monthly Cash Flow
- -$5,873
- Cap Rate
- 2.0%
- Cash-on-Cash Return
- -16.0%
- Debt Coverage Ratio
- 0.35
- Internal Rate of Return (5 years)
- -11.5%
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:
| $1,917,000 |
|---|---|
|
The amount of the purchase financed through a loan. Amount financed:
| -$1,533,600 |
Down paymentThe initial payment made towards the purchase. Calculation:Purchase price - Amount financed Down payment:
| $383,400 |
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:
| $57,510 |
|
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:
| $440,910 |
|
The total square footage (SQFT) of the property. Square feet:
| 5,854 |
|
Cost per square foot of the property. Calculation:Purchase price / Square feet Cost per square foot:
| $327 |
|
Monthly rent divided by square footage. Calculation:Monthly rent / Square feet Monthly rent per square foot:
| $0.96 |
Financing Details
Loan amountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,533,600 |
|---|---|
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:
| $9,072 |
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:
| $557 |
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 |
|
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:
| $10,021 |
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. | 10% | -$557 | -$6,685 |
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.. | 2% | -$108 | -$1,296 |
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 | 37% | -$2,065 | -$24,781 |
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:
| $3,199 | $38,388 |
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. | -$9,072 | -$108,864 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $5,873 | $70,476 |