$1,150,000
Investment Summary
- Monthly Cash Flow
- -$3,719
- Cap Rate
- 1.8%
- Cash-on-Cash Return
- -16.9%
- Debt Coverage Ratio
- 0.32
- Internal Rate of Return (5 years)
- -12.3%
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
Every dream begins with a vision and ends with a lakefront property on its own island of a clear waterway with 264 feet of frontage. A tribute home to an accomplished developer who designed and built Lakeshore Estates, retaining 10 Shoreside for what would otherwise be a lifetime of memories! 2.34 acres intertwines the lake with an expansive circle drive leading guests to a stunning 5,200 plus square foot all brick and slate roof estate. Guests are introduced to a true experience with a French door entry and a gorgeous, milled staircase with windows overlooking the lake. Adjacent to the foyer is a truly remarkable yet sprawling living room with vaulted ceilings, expansive windows with views of the lake, elegant fireplace, exposed beams and wood detail that is just exquisite. Tandem to the living room is a distinguished office brilliantly designed off the high traffic area of the home with a 2nd fireplace, built-in bookshelves, and inspirational views of the lake. The opposing side of the foyer unfolds to a formal dining room the cherry in-lay floors and enough space to host any size gathering. The dining room features convenient access to the eat-in kitchen finished with solid 36" cabinets, breakfast bar with 2nd sink overshadowing the three seasons room. The three seasons room is surrounded with floor to ceiling glass on all 4 sides capitalizing on the lake views while providing access to the breakfast room, deck and family room! The sprawling family showcases a 3rd fireplace with windows on 3 sides of the room creating panoramic views of the lake while also featuring a built-in wet bar! The main floor is also finished with hardwood floors, 2 powder rooms and generous laundry/mud room. The second floor is equally impressive with 4 spacious bedrooms each with hardwood floors and amazing closet space. 1 of 4 bedrooms is a primary suite properly designed with views of the lake, 3-sided fireplace, separate sitting room with wet bar, oversized walk-in closet with built-ins and access to the primary bath. The primary bath showcases a separate shower, whirlpool tub and double vanities. 2 of the remaining 3 bedrooms are designed with Jack and Jill baths with a separate working station for the double vanities than the shower/tub. The 4th bedroom utilizes a full hallway bath. The 3rd floor can easily be used as a 5th bedroom with vaulted ceilings, exposed beams and views of the lake. On the opposite end of the home is a separate living quarters over the garage with vaulted ceilings, exposed beams, full bathroom and views of the lake on 2 sides. This space is ideal for a 6th bedroom, nannies quarters or additional office space. Full finished walkout lower level with bar, potential wine cellar, billiard area, partial kitchen, full bathroom, sauna, workshop and plenty of storage. 3-car attached garage! Incredible yard with an oversized deck, yard space to entertain in or simply fish and access the shoreline for a day on the water via kayaks, canoes or paddle boats. Embrace the community environment with a unique opportunity to only have a single neighbor while the opposing side offers common elements such as a park, bonfire pit and beach where residents can keep their water toys for the season. Near Arboretum outdoor mall with restaurants, entertainment and shopping!
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Location
Property Details
Parking
- Description: Attached Garage
- Details: Asphalt, Circular Driveway, Garage Door Opener, Heated Garage, On Site, Attached, Garage, Driveway
- Garage Spaces: 3
- Spaces Total: 3
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 5
- # of Baths (Partial): 2
- # of Baths (Total): 7.0
Interior Features
- # of Rooms: 16
- # of Stories: 2
- Attic: Yes
- Basement: Yes
- Basement Description: Sump Pump, Finished, Exterior Entry, Storage Space, Daylight, Full, Walk-Out Access
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Masonry
- Foundation: Concrete Perimeter
- Roof Material: Slate
HOA
- Has HOA: Yes
- HOA Fee: $1,000/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 0122400081
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Tudor
- Year Built: 1985
Tax Information
- Annual Tax: $19,725
Utilities
- Water & Sewer: Well
- Heating: Natural Gas, Forced Air, Zoned
- Cooling: Central Air, Zoned
Location
- County: Cook
Listing Details
Investment Summary
- Monthly Cash Flow
- -$3,719
- Cap Rate
- 1.8%
- Cash-on-Cash Return
- -16.9%
- Debt Coverage Ratio
- 0.32
- Internal Rate of Return (5 years)
- -12.3%
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:
| $1,150,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$920,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $230,000 |
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:
| $34,500 |
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:
| $264,500 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 5,216 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $220 |
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:
| $0.96 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $920,000 |
|---|---|
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% |
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:
| $5,442 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,644 |
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:
| $350 |
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:
| $7,436 |
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:
| $5,000 | $60,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$300 | -$3,600 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,700 | $56,400 |
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. | 33% | -$1,644 | -$19,725 |
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% | -$350 | -$4,200 |
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% | -$400 | -$4,800 |
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% | -$250 | -$3,000 |
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% | -$250 | -$3,000 |
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. | 2% | -$83 | -$996 |
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 | 60% | -$2,977 | -$35,721 |
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:
| $1,723 | $20,676 |
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. | -$5,442 | -$65,304 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $3,719 | $44,628 |