$1,649,900
Investment Summary
- Monthly Cash Flow
- -$7,511
- Cap Rate
- 0.2%
- Cash-on-Cash Return
- -23.8%
- Debt Coverage Ratio
- 0.04
- Internal Rate of Return (5 years)
- -18.9%
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
Experience refined living on 1.6 acres in the prestigious Hawthorne Acres neighborhood. This meticulously designed estate combines timeless architecture with cutting-edge amenities and nearly $300,000 in recent upgrades. It offers over 9,500 square feet of living space, including more than 3,200 square feet in the fully finished basement. Arrive via a grand circular drive with new concrete and extended pavers for ample parking. Step into a bright, Georgian-inspired foyer featuring a dramatic round staircase and upgraded wrought-iron banister. The expansive two-story great room showcases hand-scraped Asian Walnut Acacia hardwood floors, custom built-ins, and large windows offering serene views of the backyard oasis. The gourmet kitchen is built to impress-highlighted by a Quartzite island, counter-depth Subzero refrigerator, oversized walk-in pantry, and a convenient pot filler. It flows seamlessly into the outdoor living space, which is truly an entertainer's dream. Enjoy a fully equipped outdoor kitchen with a Green Egg grill, rainproof pergola, dedicated gas line, and outdoor heater-ideal for all-season gatherings. Relax by the beautifully maintained, chlorinated pool with new pump and fountains, surrounded by 63 newly planted trees for enhanced privacy. The walkout basement offers resort-style amenities, including a steam shower and a full home theater complete with a popcorn machine and snacks. Upstairs, find four generously sized bedrooms, three full bathrooms with two en-suite and a versatile bonus room. All bedrooms include walk-in closets, with two featuring custom cabinetry. The main level includes a spacious primary suite and a private home office. Additional features include: 2 gas fireplaces, Home gym with newer flooring, New water heater (2025), Reverse osmosis systems in kitchen and basement wet bar, Whole-home water softener, Whole-house generator (2023). Extensive custom cabinetry and storage throughout. A full list of upgrades is available upon request. Don't miss this rare opportunity to own a turnkey luxury home in one of Bloomington's most coveted communities.
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Location
Property Details
Parking
- Description: Heated, Garage Door Opener(s)
- Details: Heated Garage, Garage Door Opener, On Site, Attached, Garage
- Garage Spaces: 4
- Spaces Total: 4
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 5
- # of Baths (Partial): 3
- # of Baths (Total): 8.0
Interior Features
- # of Rooms: 11
- # of Stories: 2
- Basement: Yes
- Basement Description: Exterior Entry, Finished, Full
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Brick
- Pool: Yes
HOA
- Has HOA: Yes
- HOA Fee: $375/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 1530401002
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Georgian, Traditional
- Year Built: 2009
Tax Information
- Annual Tax: $34,151
Utilities
- Water & Sewer: Public
- Heating: Forced Air, Natural Gas
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Mc Lean
Listing Details
Investment Summary
- Monthly Cash Flow
- -$7,511
- Cap Rate
- 0.2%
- Cash-on-Cash Return
- -23.8%
- Debt Coverage Ratio
- 0.04
- Internal Rate of Return (5 years)
- -18.9%
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:
| $1,649,900 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,319,920 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $329,980 |
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:
| $49,497 |
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:
| $379,477 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 6,294 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $262 |
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:
| $0.73 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,319,920 |
|---|---|
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:
| $7,808 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $2,846 |
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:
| $322 |
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:
| $10,976 |
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:
| $4,600 | $55,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$276 | -$3,312 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,324 | $51,888 |
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. | 62% | -$2,846 | -$34,151 |
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% | -$322 | -$3,864 |
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% | -$368 | -$4,416 |
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% | -$230 | -$2,760 |
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% | -$230 | -$2,760 |
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. | 1% | -$31 | -$372 |
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 | 88% | -$4,027 | -$48,323 |
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:
| $297 | $3,564 |
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. | -$7,808 | -$93,696 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $7,511 | $90,132 |