$535,000
Investment Summary
We noticed that HOA fees are missing—this is a standard expense and should be considered in your estimate.
- Monthly Cash Flow
- -$1,274
- Cap Rate
- 2.8%
- Cash-on-Cash Return
- -12.4%
- Debt Coverage Ratio
- 0.50
- Internal Rate of Return (5 years)
- -8.0%
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
Your Zion Retreat awaits!! Extremely rare opportunity to own, one, two, three or four beautiful, like new condominiums just 1/2 mile from Zion National Park! This is one condo in a four plex property. Buy, 1, 2, 3 or all 4! All four units are the identical layout, with the same features and finishes. Located in the tranquil Moenave community, in the heart of Springdale, Utah, this home offers stunning, unobstructed 360 degree towering red rock views. With expansive windows and 9' ceilings natural light fills the home, ensuring you're surrounded by breathtaking scenery from every room. The thoughtfully designed floor plan provides an inviting and spacious living area. The kitchen features a large island, granite countertops, subway tile backsplash, and custom cabinetry with crown molding, glass accents, with above and under-cabinet lighting. Stainless steel appliances, including a gas (propane) range and side-by-side refrigerator with water and ice dispenser, complete the space. Luxury vinyl flooring flows throughout the main living areas, complemented by recessed lighting. Bathrooms feature tile flooring, tile shower surrounds with glass doors, and granite countertops, adding to the home's refined design. The covered patio off the dining area creates a charming outdoor living space perfect for enjoying your morning coffee and evening cocktails. You simply can not beat the peaceful beauty that is Moenave. Built with high-quality, energy-efficient features, including 2x6 exterior walls, blown-in insulation (R50 attic / R23-25 walls), Low-E windows, a 95+% efficient furnace, and a tankless water heater, this home offers both comfort and sustainability. Located at the heart of Springdale, and in walking distance from its shops and restaurants with an abundance of stunning hiking and biking option, this home is the perfect blend of luxury, convenience, and breathtaking, natural beauty. Everything you dreamed your Zion Retreat would be, and more! ALL furnishings & Appliances INCLUDED! Excellent investment opportunity! The current owners have used one for their family to stay when they visit and have kept the other three rented to excellent tenants for the last couple of years. PHOTO NOTE - There are two interior color palettes. The first features Dark Walnut cabinetry with brown toned granite and tan and white tile work in the bathrooms. Unit C is the only one with this palette and most of the photos are taken of that Unit, due to vacancy at time of listing, and it allows us to show the full layout of each home, as all Units are the same floor plan and include almost identical finishes. Units A, B & D all feature White cabinetry with grey toned granite and grey and white tile in the bathrooms. There are a few photos included showing this palette, as well as this Units front entry and back patio. The City of Springdale does not allow overnight rentals. Long term rentals are allowed at a minimum of 60 days. All information provided as a courtesy. Buyer to verify all.
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Location
Property Details
Parking
- Garage Spaces: 0
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 1
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Total): 2.0
Interior Features
- # of Rooms: 7
- # of Stories: 1
Exterior Features
- Roof Material: Tile
HOA
- Has HOA: Yes
- HOA Fee: $140
Land Information
- Land Use: Residential
- Land Use Subtype: Condominium Unit
Lot Information
- Parcel ID: SMOEN15D
- Lot Size: 0 sqft
Property Information
- Property Type: Condominium
- Style: Rambler/Ranch
- Year Built: 2021
Tax Information
- Annual Tax: $1,465
Utilities
- Heating: Central, Natural Gas
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Washington
Listing Details
Investment Summary
We noticed that HOA fees are missing—this is a standard expense and should be considered in your estimate.
- Monthly Cash Flow
- -$1,274
- Cap Rate
- 2.8%
- Cash-on-Cash Return
- -12.4%
- Debt Coverage Ratio
- 0.50
- Internal Rate of Return (5 years)
- -8.0%
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:
| $535,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$428,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $107,000 |
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:
| $16,050 |
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:
| $123,050 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 1,250 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $428 |
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:
| $1.60 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $428,000 |
|---|---|
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:
| $2,532 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $122 |
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:
| $140 |
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:
| $2,794 |
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:
| $2,000 | $24,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$120 | -$1,440 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $1,880 | $22,560 |
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. | 6% | -$122 | -$1,465 |
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% | -$140 | -$1,680 |
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% | -$160 | -$1,920 |
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% | -$100 | -$1,200 |
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% | -$100 | -$1,200 |
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 | 31% | -$622 | -$7,465 |
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:
| $1,258 | $15,096 |
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. | -$2,532 | -$30,384 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$1,274 | -$15,288 |