$749,000
Investment Summary
- Monthly Cash Flow
- -$2,276
- Cap Rate
- 2.0%
- Cash-on-Cash Return
- -15.9%
- Debt Coverage Ratio
- 0.36
- Internal Rate of Return (5 years)
- -11.3%
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
PRICED BELOW Recent Appraisal for Instant Equity!! This Gorgeous Home has been Fully Updated in 2020 from Top to Bottom with NO Expenses Spared. Offering just over 1,700 Sq Ft of Stylish and Comfortable Living, this 3-Bedroom, 2-Bath Residence with 2-Car Garage Blends Low-Maintenance, Energy Efficient Living with Upscale Touches and Incredible Mountain Views. Discover Elegant Living Nestled in One of Arizona's Most Sought out Coveted Locations, Overlooking The 7th Hole Tee Boxes of Stone Creek Golf Course. Whether You're Looking for a Lock and Leave Seasonal Living, Family Retreat, Potential Rental Investment or Full Time Residence, this Single-Story Townhome has Just what You are Looking for. Step Inside to a Spacious, Open Layout with Abundant Natural Light, Vaulted Ceilings and a Seamless Indoor-Outdoor Flow. Not to Mention ALL Newer Wood Flooring, Countertops, Plantation Shutters, Ceiling Fans, Windows and Doors Throughout. Kitchen Features Timberlake Custom Cabinetry, Stainless Steel Appliances, Newer Water Heater, LG Washer/Dryer and Opens to the Dining and Living Areas. Perfect for Entertaining or Cozy Nights in around Your Wood Burning Fireplace and 75 inch Tv that Conveys. Primary Bedroom is Generously Sized with Direct Patio Access, Lots of Closet Space, and an En-Suite Bath with Separate Tub and Large Shower. Check out the Atrium in the Second Bedroom for a Special Feature that can be used for an Additional Sitting Area or Extra Natural Light with all Your Plants. Enjoy Arizona's Gorgeous Weather from Your Private Back Patio, Complete with Golf Course Views and Lush Surroundings. Sip your Morning Coffee while You watch the Sunrise in Your Outdoor Retreat. Pet-Friendly Artificial Grass Area and Doggie Door Access for your Furry Friends - Perfect for a Small Pet makes it a Bonus. The Two-car Garage offers Built-in Storage and a Workbench while still Easily Accommodating BOTH Vehicles. Plus had a New Garage Door Opener Installed in 2023. This Home also Includes a Heated Community Pool & Spa, Tennis/Pickleball Courts, and Lush Walking Paths for all Your Outdoor Activities. Complete Remodel also Includes - Flat Roof and Patio Resurfaced, a 2 Coat Application Entirely (2022 with a 5-Year Warranty), New Trane 2 Cycle AC Unit (2022 with a 5-Year Labor & 10-Year Parts Warranty) and a Brand-New Set of Pickleball Paddles for a Nice Housewarming Gift! Energy Efficiency is Enhanced with the Leased Solar Panels, keeping Electricity Bills Low Averaging UNDER $115/month including the lease fee over the last 5-year period. So Come Check out this One-of-a-Kind Property Located in a Desirable Community with Easy Access to Top-Tier Dining, Shopping, Schools, Hospitals, Hiking Trails, and the 51 Freeway.
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Location
Property Details
Parking
- Description: Garage
- Details: Garage Door Opener
- Garage Spaces: 2
- Spaces Total: 1
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Total): 2.0
Interior Features
- # of Rooms: 5
- # of Stories: 1
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Roof Material: Tile, Built-Up
- Pool: Yes
HOA
- Has HOA: Yes
- Association: ROUND HILL CLUB AND
- HOA Fee: $285/monthly
Land Information
- Land Use: Residential
- Land Use Subtype: Townhouse
Lot Information
- Parcel ID: 16746185
- Lot Size: 3641 sqft
Property Information
- Property Type: Townhouse
- Style: Santa Barbara/Tuscan
- Year Built: 1981
Tax Information
- Annual Tax: $2,048
Utilities
- Water & Sewer: Public
- Heating: ENERGY STAR Qualified Equipment, Electric
- Cooling: Central Air, Ceiling Fan(s), ENERGY STAR Qualified Equipment
Location
- County: Maricopa
Listing Details
Investment Summary
- Monthly Cash Flow
- -$2,276
- Cap Rate
- 2.0%
- Cash-on-Cash Return
- -15.9%
- Debt Coverage Ratio
- 0.36
- Internal Rate of Return (5 years)
- -11.3%
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:
| $749,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$599,200 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $149,800 |
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:
| $22,470 |
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:
| $172,270 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 1,706 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $439 |
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:
| $1.47 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $599,200 |
|---|---|
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:
| 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:
| $3,544 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $171 |
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:
| $175 |
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:
| $3,890 |
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:
| $2,500 | $30,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$150 | -$1,800 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,350 | $28,200 |
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. | 7% | -$171 | -$2,048 |
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% | -$175 | -$2,100 |
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% | -$200 | -$2,400 |
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% | -$125 | -$1,500 |
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% | -$125 | -$1,500 |
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. | 11% | -$286 | -$3,432 |
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 | 43% | -$1,082 | -$12,980 |
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:
| $1,268 | $15,216 |
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. | -$3,544 | -$42,528 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $2,276 | $27,312 |