$2,759,000
Investment Summary
- Monthly Cash Flow
- -$12,419
- Cap Rate
- 0.9%
- Cash-on-Cash Return
- -23.5%
- Debt Coverage Ratio
- 0.14
- Internal Rate of Return (5 years)
- -18.7%
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
Best Views in Ogden Valley! Set amidst the picturesque Eden foothills and commanding a lofty position above Pineview Reservoir, this extraordinary marvel seamlessly marries the majesty of the mountains with the tranquility of the lake. Prepare to be captivated by this extraordinary mountain estate, ensconced among the trees, offering unparalleled privacy and awe-inspiring lake views. As you approach, meandering through the mature trees beneath rustic timber trusses, you'll be drawn onto the expansive wrap-around deck, a gateway to this inviting and cozy sanctuary. This spacious haven boasts seven bedrooms, including five with ensuite bathrooms. The great room, a focal point of the home, showcases panoramic picture windows that frame the picturesque lake and valley below. Its vaulted ceilings, suspended by substantial timber trusses, are a testament to the meticulous craftsmanship embodied in this residence. Freshly painted and carpeted, the house offers radiant heat throughout, ensuring a warm welcome on even the coldest winter days. The well-designed kitchen, featuring an expansive island, provides ample space for both entertaining and dining. Descending to the lower level, you'll be greeted by 10-foot ceilings and abundant natural light streaming in through large picture windows, illuminating the home. French doors offer convenient access to the front yard. Upstairs, a loft and built-in library await your discovery. Outdoor living harmoniously flows from the main living area to the covered back patio and firepit, effortlessly connecting you to the natural beauty of Eden. Surrounded by open space on two sides, the tranquility is yours to savor, far from the hustle and bustle of neighbors. Notably, this luxury home is free from the constraints of any HOA. This residence is thoughtfully designed for those with diverse interests, offering spaces for entertainment, including a tiered theater room, a home gym, an indoor sports area spacious enough for a trampoline, an office, a whimsical kids' castle tucked under the stairs, and a generous craft room primed for creativity. For the avid collector or enthusiast, the generously-sized four-car garage boasts a new epoxy floor and electric vehicle charging stations. Additionally, the lot accommodates the potential construction of an extra shop or garage, should your storage needs expand. Winters here are made hassle-free by a 300-foot-long driveway and sidewalks equipped with an automated radiant heating system, ensuring easy access to those coveted first tracks on a powder day. Conveniently situated just minutes from the Yacht Club and public boat ramp, this home allows you to gaze upon the Reservoir from the master bedroom window-an exclusive feature that sets it apart from all others in Utah. This is a remarkable offering catering to individuals who appreciate the finer things in life. While home automation and lighting control are seamlessly integrated, it's worth highlighting the convenience of effortlessly turning off every light as you step out the door. Access to Snowbasin, only a 15-minute drive away, is a winter enthusiast's dream. This location is among the best in Ogden Valley, with quick access to Pineview Reservoir, three ski resorts, and an abundance of biking and hiking trails. Your year-round adventure begins here. Please note that furnishings are not included. *Wireless Broadband is 1 GBT *All property information, boundaries and documents to be verified by buyer.
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Location
Property Details
Parking
- Description: Covered
- Details: Covered, Attached
- Garage Spaces: 4
- Spaces Total: 16
Bedroom Information
- # of Bedrooms: 6
Bathroom Information
- # of Baths (Full): 5
- # of Baths (Partial): 2
- # of Baths (Total): 9.0
Interior Features
- # of Rooms: 25
- # of Stories: 3
- Basement: Yes
- Basement Description: Daylight
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Brick Veneer
- Roof Material: Asphalt
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 200890001
- Lot Size: 43560 sqft
Property Information
- Property Type: Single Family Residence
- Style: Rambler/Ranch
- Year Built: 2008
Tax Information
- Annual Tax: $12,616
Utilities
- Heating: Fireplace Insert, Central, Natural Gas, Forced Air, Radiant Floor
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Weber
Listing Details
Investment Summary
- Monthly Cash Flow
- -$12,419
- Cap Rate
- 0.9%
- Cash-on-Cash Return
- -23.5%
- Debt Coverage Ratio
- 0.14
- Internal Rate of Return (5 years)
- -18.7%
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:
| $2,759,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$2,207,200 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $551,800 |
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:
| $82,770 |
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:
| $634,570 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 9,818 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $281 |
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:
| $0.45 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $2,207,200 |
|---|---|
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:
| $14,404 |
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:
| $1,051 |
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:
| $308 |
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:
| $15,763 |
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:
| $4,400 | $52,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$264 | -$3,168 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,136 | $49,632 |
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. | 24% | -$1,051 | -$12,616 |
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% | -$308 | -$3,696 |
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% | -$352 | -$4,224 |
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% | -$220 | -$2,640 |
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% | -$220 | -$2,640 |
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 | 49% | -$2,151 | -$25,816 |
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:
| $1,985 | $23,820 |
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. | -$14,404 | -$172,848 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $12,419 | $149,028 |