$575,900
Investment Summary
- Monthly Cash Flow
- -$1,775
- Cap Rate
- 2.0%
- Cash-on-Cash Return
- -16.1%
- Debt Coverage Ratio
- 0.35
- Internal Rate of Return (5 years)
- -11.6%
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
Come view this rare HOME, a Sun City Adler model; it's not just the most popular, it also includes a finished English basement. This with a serene large acre nature prairie behind with direct access to the private recreation path The open concept Adler is worth viewing with 4 bedrooms, a den or 5th bedroom and 3 full baths. The main floor conveniently has all you really need, the large Master Suite has even more room with the upgraded bay bump out. The view is spectacular and private; looking over the back yard, preserve and the large deck. The Master Bath offers double sinks, vanity space, shower, soaking bath and separate water closet. Your main living room has the cozy gas fireplace and joins the enclosed sunroom with the magnificent view through the full wall of 6 glass doors opening to the extended 40 ft deck with gated stairs and gas hookup for your outdoor grilling. All south facing windows and doors are treated with a uv protection coating and the lower winter sun shines in for added warmth. Recent laminate flooring in both living/dining room and den/home office, reading room or 3rd bedroom. The 2nd guest bedroom is set off in its own wing with it's own bathroom with a walk-in shower. The large kitchen is conveniently tied to the insulated garage (yes with more storage shelving) through a dry bar area and utility room with an abundance of additional storage, cabinets and counters, a coat closet and a laundry tub next to the washer and dryer area. The kitchen has a large breakfast nook that looks out the 2nd large bay window to the nature park and the hightop bar offers more seating and connects the living room. The open concept and 9 ft ceilings enhances the natural light and a feeling of one with nature. The finished English basement adds 2,000 sf to your living footprint. The finished lower level has 2 large windows looking back to the park, one in the spacious recreation room and one looking out the large 3rd bedroom. The hobby/woodshop room or 4th bedroom with ceiling exhaust, 2 egress windows and direct access to the full bathroom gives many options. The large storage room with 2 walls of shelving makes for easy access to holiday decor. This lower level is a great escape from the heat waves of summer. With central air and a programable 8 station in-ground sprinkling system a comfortable, no hassle life is ensured. The property is just before a cul-de-sac and juts into the north side of the large acre Wildflower nature park, your neighbors are set back further giving added privacy; with deer, sandhill cranes, fox, muskrat, monarchs, ducks and birds of all types. No busy roads or golf balls, just peace and quiet. Come enjoy all this active Del Webb Sun City community has to offer; the main clubhouse is stunning and the 40+ active clubs, 3 pools, 2 hot tubs, sauna, large workout rooms in each clubhouse, a huge wood shop, softball, billiards, tennis, pickleball and golf, concerts, plays, trips and many more activities, gives endless social activities. There is presently a 1 yr home warranty on all appliances incl. A/C and furnace has been added for your ease of mind. So come enjoy the great community and escape to your backyard to relax and enjoy this unique setting with sunsets and nature.
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Location
Property Details
Parking
- Description: Garage
- Details: Asphalt, Garage Door Opener, Garage, On Site, Attached, Off Street, Driveway
- Garage Spaces: 2
- Spaces Total: 4
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Total): 3.0
Interior Features
- # of Rooms: 10
- # of Stories: 1
- Attic: Yes
- Basement: Yes
- Basement Description: Sump Pump, Finished, Full, Daylight
- Fireplace: Yes
Exterior Features
- Roof Material: Asphalt
HOA
- Has HOA: Yes
- HOA Fee: $155/monthly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 0206204005
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 2003
Tax Information
- Annual Tax: $10,755
Utilities
- Water & Sewer: Public
- Heating: Natural Gas, Forced Air
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Kane
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,775
- Cap Rate
- 2.0%
- Cash-on-Cash Return
- -16.1%
- Debt Coverage Ratio
- 0.35
- Internal Rate of Return (5 years)
- -11.6%
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:
| $575,900 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$460,720 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $115,180 |
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:
| $17,277 |
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:
| $132,457 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,234 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $258 |
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:
| $460,720 |
|---|---|
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:
| $2,725 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $896 |
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:
| $203 |
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:
| $3,824 |
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:
| $2,900 | $34,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$174 | -$2,088 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,726 | $32,712 |
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. | 31% | -$896 | -$10,755 |
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% | -$203 | -$2,436 |
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% | -$232 | -$2,784 |
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% | -$145 | -$1,740 |
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% | -$145 | -$1,740 |
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. | 5% | -$155 | -$1,860 |
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 | 61% | -$1,776 | -$21,315 |
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:
| $950 | $11,400 |
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. | -$2,725 | -$32,700 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$1,775 | -$21,300 |