$2,999,000
Investment Summary
- Monthly Cash Flow
- -$15,836
- Cap Rate
- -0.1%
- Cash-on-Cash Return
- -27.6%
- Debt Coverage Ratio
- -0.01
- Internal Rate of Return (5 years)
- -22.5%
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 / 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
Welcome to your dream home in the prestigious gated community of Cambridge Hills! This luxurious 12,000 sq ft estate sits on over 8 acres of beautifully landscaped grounds and features a total of 6 bedrooms—4 in the main home and 2 in a charming guest quarters, perfect for family, friends, or as a private retreat. As you step inside the main residence, you're greeted by a grand Italian-style foyer with soaring 18-foot ceilings and elegant architectural details. The main floor boasts a formal sitting area and dining room, ideal for hosting memorable gatherings. The chef's kitchen, equipped with custom cabinetry and a spacious island, flows seamlessly into the cozy family room, creating the perfect setting for everyday living. The primary suite features a sitting area with remote-controlled windows overlooking the serene backyard waterfalls, along with a luxurious 360-degree bathroom complete with a jacuzzi, heated floors, and two separate wardrobes. Venture outside to discover your backyard oasis, complete with a tranquil pond, a central fountain, and two stunning waterfalls, all controllable through a state-of-the-art Lutron system. The property features a geothermal heating system, providing year-round comfort with heated floors throughout the garage, basement, and primary suite. The fully finished basement elevates luxury living to new heights. With geothermal-heated floors and two exits leading to the backyard, this space is designed for both relaxation and entertainment. Gather around the impressive 16-chair bar, adorned with custom lighting and two bar refrigerators, or enjoy a game of pool in the stylish entertainment area featuring a cloud-pattern ceiling and Venetian leather-painted walls. Fitness enthusiasts will love the Bowflex gym with picturesque pond views, making every workout enjoyable. The upgraded theater room for movie lovers boasts 8 plush recliners, a state-of-the-art 4K projector, and a premium Sonos sound system, all easily controlled via iPads. The two additional bedrooms in the basement, including a master bedroom with serene pond views, provide a luxurious retreat. The separate guest house enhances the estate's allure with two additional bedrooms and a designer casino room, perfect for entertaining guests. With its own kitchen and living area, this guest house offers privacy and convenience, ensuring guests feel at home. The large garage features an upgraded chip-epoxy floor and renovated customized cabinets, accommodating up to 6 cars with 3 slots on each side and remote access doors for added convenience. This estate is not just a home; it's a lifestyle of elegance and comfort, with endless opportunities for relaxation and entertainment. Located conveniently close to the University of Notre Dame, Granger, St. Pius School, and shopping, don't miss your chance to make this extraordinary property your own!
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Location
Property Details
Parking
- Description: Attached, Concrete, GarageDoorOpener
- Details: Garage Door Opener, Attached
- Garage Spaces: 6
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 6
Bathroom Information
- # of Baths (Full): 7
- # of Baths (Partial): 2
- # of Baths (Total): 9.0
Interior Features
- # of Rooms: 23
- # of Stories: 2
- Basement Description: Full, Walk-Out Access
Exterior Features
- Roof Material: Asphalt
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 1407001502530
- Lot Size: 352400 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 2012
Tax Information
- Annual Tax: $22,024
Utilities
- Water & Sewer: Private, Well
- Heating: Natural Gas, Forced Air
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Cass
Listing Details
Investment Summary
- Monthly Cash Flow
- -$15,836
- Cap Rate
- -0.1%
- Cash-on-Cash Return
- -27.6%
- Debt Coverage Ratio
- -0.01
- Internal Rate of Return (5 years)
- -22.5%
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 / 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:
| $2,999,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$2,399,200 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $599,800 |
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:
| $89,970 |
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:
| $689,770 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 12,319 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $243 |
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:
| $0.19 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $2,399,200 |
|---|---|
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:
| $15,657 |
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:
| $1,835 |
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:
| $168 |
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:
| $17,660 |
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:
| $2,400 | $28,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$144 | -$1,728 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,256 | $27,072 |
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. | 76% | -$1,835 | -$22,024 |
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% | -$168 | -$2,016 |
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% | -$192 | -$2,304 |
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% | -$120 | -$1,440 |
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% | -$120 | -$1,440 |
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 | 101% | -$2,435 | -$29,224 |
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:
| -$179 | -$2,148 |
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. | -$15,657 | -$187,884 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $15,836 | $190,032 |