$269,900
Investment Summary
- Monthly Cash Flow
- -$361
- Cap Rate
- 4.1%
- Cash-on-Cash Return
- -7.0%
- Debt Coverage Ratio
- 0.72
- Internal Rate of Return (5 years)
- -2.8%
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 property has way more then can be described here with so many off-grid features and unique structures. Remember this is a work in progress, but a lot of work and hardware is here and best of all the owner is willing to carry the note with $100,000 as a down payment. The owner has written a full description that can be viewed by clicking forward at the bottom, and it is loaded as a PDF in the Documents. In a nut shell: a sweet view from your off-grid homestead and a short trip to Bisbee and Sierra Vista for supplies and entertainment. It has a huge solar system, rainwater catchment, and new septic. There also two adjoining properties that are also for sale, and a tiny home and equipment that could be purchased. Click below to read the rest of the story This unique "opt-out ready" 12.9 acre property offers the perfect blend of off-grid, self-reliant, low-expense living with all of the conveniences of being near a city. With sweeping 360 degree unobstructed views that make it feel like you're in the middle of heaven, this steel structure home is ideally situated: close enough to Bisbee and the highway to make town access easy and fast, but far enough away to not hear any traffic. Situated on a dead-end road, it gets very little traffic and provides a tone of privacy. The home is approx 1,050 sqft, built from two extremely heavy duty steel frame building structures, with a lofted roof, open floorplan, and incredible views from every area. Current framing is for 1 bedroom suite with bathroom, an office or bedroom can be easily added. Power is 100% solar from existing solar panels, and purchase price will include 10 server rack battery, split across tow independent power systems and lines. 1 line and set of batteries supplies the power to the home. The other solar system is intended to be dedicated to 2 mini split air conditioning units, so that air conditioning does not reduce the amount of power available to the rest of the home. 240 volt appliances such as washer dryer can be accommodated. Property includes a certified septic system that has never been used. Water comes from rain catchment from the main roof of the house, and includes two 2,500 gallons cisterns. Additional roof surfaces and rain gutters can easily allow expansion with an additional cistern. The two large cisterns feed into an enclosed water filtration shed that has 3 stage filtration and a brand new propane powered on-demand hot water heater. Includes a brand new 32' x 16 foot workshop and a very large "garageport" - a multi-function space for primary vehicle storage, a secure tool room, 2 solar utility closets, a large workbench and plenty of storage and shelving. There is also a new 2nd carport, currently being used as a "tractorport" for tractor and ATV (both are for sales as personal property available separate from this listing). Current owner is continuing to build the property, landscape, and finish the interior of the main home, and price will rise as it nears completion, so hurry to get a lower price with more customizability. Also available are two adjoining parcels of land purchased to maintain views and act as buffer from any disturbances, these are available at a discount, so the entire package could be up to 31 acres. Manicured walking trails have been created for you and your dogs, so you can stroll the property and enjoy the land easily. The slope of the land and distance from any large washes means monsoon drainage is not a problem, but grey water / water retention basins have been started, so when you plant shade trees, they can be maintained by nature and bathroom shower and laundry drainage. With a strong down payment, current owner is willing to finance the balance on flexible terms. And if you need a temporary home while you complete this one, seller has an air conditioned 28' tiny home on wheels that is on-site for separate purchase under flexible terms. In short, everything the seller owns including tools and tractor, atv, etc is available separately, as they are moving overseas and selling everything they own.
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Location
Property Details
Parking
- Garage Spaces: 1
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 1
Bathroom Information
- # of Baths (Total): 1.0
Interior Features
- # of Stories: 1
Exterior Features
- Exterior Walls Materials: Siding (Alum/Vinyl)
- Roof Material: Metal
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 10221008
- Lot Size: 562265 sqft
Property Information
- Property Type: Single Family Residence
- Style: Contemporary
- Year Built: 2020
Tax Information
- Annual Tax: $605
Utilities
- Heating: See Remarks
- Cooling: Other
Location
- County: Cochise
Listing Details
Investment Summary
- Monthly Cash Flow
- -$361
- Cap Rate
- 4.1%
- Cash-on-Cash Return
- -7.0%
- Debt Coverage Ratio
- 0.72
- Internal Rate of Return (5 years)
- -2.8%
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:
| $269,900 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$215,920 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $53,980 |
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:
| $8,097 |
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:
| $62,077 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 1,080 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $250 |
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:
| $1.30 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $215,920 |
|---|---|
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:
| $1,277 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $50 |
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:
| $98 |
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:
| $1,425 |
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:
| $1,400 | $16,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$84 | -$1,008 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $1,316 | $15,792 |
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. | 4% | -$50 | -$605 |
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% | -$98 | -$1,176 |
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% | -$112 | -$1,344 |
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% | -$70 | -$840 |
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% | -$70 | -$840 |
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. | n/a | n/a | n/a |
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 | 29% | -$400 | -$4,805 |
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:
| $916 | $10,992 |
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. | -$1,277 | -$15,324 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $361 | $4,332 |