$2,899,900
Investment Summary
- Monthly Cash Flow
- -$11,391
- Cap Rate
- 1.0%
- Cash-on-Cash Return
- -20.5%
- Debt Coverage Ratio
- 0.17
- Internal Rate of Return (5 years)
- -15.8%
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
**FIRST COLONY MORTGAGE 1 +1 TEMPORARY BUYDOWN AVAILABLE! - Qualified buyers receive 1% interest rate reduction for the first TWO FULL YEARS. First Colony Mortgage is the preferred lender for this financing option. Buyers must pre-qualify with First Colony Mortgage. Terms and conditions apply. Not a commitment to lend. Contact First Colony Mortgage for details and eligibility requirements. - See attached flyer** Come and experience space and privacy while still being part of a great neighborhood! This beautiful home sits pristinely on 5.32 acres, offering both mountain and valley views. Enjoy the holidays with the included Jellyfish lighting on all 4 sides. ATV and equestrian trails are nearby. Property is zoned for horses and livestock. With over 8,500 square feet, you will have plenty of space for family and friends. Kitchen, dining, and family area are open and are adjacent to a large back deck perfect for family get-togethers and entertaining, which also overlooks a beautiful water feature and spacious back yard with a separate playground area for the kids! The kitchen has double ovens and 2 dishwashers as well as a large pantry and loads of counter workspace. Are you looking for more space for family or out-of-town visitors? And did I mention that there are two laundry rooms! One on the main floor and one on the second story, (don't forget to look for the hidden kids loft!) Also, check out the closets and storage available throughout this home. There are 8 large bedrooms with 5 full baths and 2 half baths to give everyone the space they need! Extra-wide hallways make each floor feel spacious and inviting. Main floor primary bedroom has a custom bathroom area and a large walk-in closet with natural lighting. This bedroom also has an outdoor entrance to the deck where you can enjoy the beautiful landscaping and water feature. The basement has been designed for family time with a large family area, a theater room, and a kitchenette. This area could potentially be turned into an ADU with its own separate entrance. Three top-of-the-line HVAC systems just installed with heat pump option. Home also has two newer large tankless water heaters. Outside, there are two large outbuildings, one metal building/shop that is 30' x 60' with a 100-amp power service. The second building is a 66' x 60' shop with 200-amp power. We are not done yet! If you want to be self-sustaining or just save on your utilities, included is a brand new 40-kilowatt solar system with 1 13.5-kilowatt battery! Enjoy gardening in the yard with your ready-to-plant grow boxes or in your 16' x 48-foot greenhouse with underground electrical power. Then, when you harvest your vegetables, you can store them in the root cellar! This property also has approximately 2 acres of fenced pasture with pressurized irrigation. The possibilities are endless! Schedule your private showing today! ***Approximately a $900,000 mortgage is an Assumable VA Loan at 2.87%. Buyer does not need to be a veteran or active-duty service member to assume the loan, but must meet the lender's credit and income requirements. Property is also eligible for Green Belt which could potentially save you thousands of dollars in taxes. You would need to apply through Utah County. Utah Broadband is currently installing fiber in this area.
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Location
Property Details
Parking
- Description: Attached Garage
- Details: RV Access/Parking
- Garage Spaces: 3
- Spaces Total: 23
Bedroom Information
- # of Bedrooms: 9
Bathroom Information
- # of Baths (Full): 5
- # of Baths (Partial): 2
- # of Baths (Total): 7.0
Interior Features
- # of Rooms: 31
- # of Stories: 3
- Basement: Yes
- Basement Description: Full, Walk-Out Access
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Roof Type: Gable
- Roof Material: Asphalt
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 557180008
- Lot Size: 231739 sqft
Property Information
- Property Type: Single Family Residence
- Style: Stories: 2
- Year Built: 2000
Tax Information
- Annual Tax: $4,303
Utilities
- Water & Sewer: Private, Well
- Heating: Central, Natural Gas, Forced Air
- Cooling: Ceiling Fan(s), Attic Fan, Central Air, Heat Pump
Location
- County: Utah
Listing Details
Investment Summary
- Monthly Cash Flow
- -$11,391
- Cap Rate
- 1.0%
- Cash-on-Cash Return
- -20.5%
- Debt Coverage Ratio
- 0.17
- Internal Rate of Return (5 years)
- -15.8%
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:
| $2,899,900 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$2,319,920 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $579,980 |
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:
| $86,997 |
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:
| $666,977 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 8,504 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $341 |
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:
| $0.46 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $2,319,920 |
|---|---|
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:
| $13,723 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $359 |
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:
| $273 |
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:
| $14,355 |
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:
| $3,900 | $46,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$234 | -$2,808 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,666 | $43,992 |
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. | 9% | -$359 | -$4,303 |
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% | -$273 | -$3,276 |
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% | -$312 | -$3,744 |
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% | -$195 | -$2,340 |
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% | -$195 | -$2,340 |
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 | 34% | -$1,334 | -$16,003 |
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:
| $2,332 | $27,984 |
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. | -$13,723 | -$164,676 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$11,391 | -$136,692 |