$2,225,000
Investment Summary
- Monthly Cash Flow
- -$11,333
- Cap Rate
- 0.2%
- Cash-on-Cash Return
- -26.6%
- Debt Coverage Ratio
- 0.02
- Internal Rate of Return (5 years)
- -21.6%
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
This prime, iconic Jordan River Estate is ready to welcome its next family and prepared to offer nearly everything you could imagine as a luxury homeowner! Totaling 6651 sqft of living space between the main house and the garage apartment, as well as 4 garage bays, massive workshop space, outdoor kitchen, covered porches, gunite hot tub/pool and dock with dual boat lifts, there is sure to be something for every one of your family members, friends and guests to enjoy! Looking for a primary suite with panoramic water views? Got it! What about an all-inclusive ensuite with double vanities, 2 water closets, large walk-in shower/steam room, jetted tub and large walk-in closet with multiple custom cedar lined corner cabinets and island with laundry storage? Got that, too!! Need a quiet office space with secret wine storage and built-in safe? Yep, we got it! The interior walls are also insulated, so you can get to work and not worry about the sound traveling while making important phone calls and conducting business meetings. We got you! What about a formal dining room with bay windows overlooking your 6.5 acres and large enough to seat approximately 10 guests? Done! Looking for a gourmet kitchen with butler's pantry, walk-in pantry, stainless steel appliances, 2 sinks, 8 burner gas stove with double ovens and exterior ventilation, pot filler, trash compartment, mixer lift, lazy susan cabinet, hideaway spice racks, plenty of lighting, bar seating and enough space to entertain around the bar top? That is a long list of must haves, but we've got it! Wet bar with ice maker and wine cooler? Of course! Large laundry room with plenty of storage, counter space and soaking sink? Got it! Split floor plan with Mother-in-Law style ensuite and large closet? Yep, got it! Game room/multipurpose room/home theatre room? Got it. Morning room? Got it. Large bedrooms and bathrooms upstairs for the rest of the family? Yep! 3 Bedrooms and 3 Bathrooms upstairs! Immense amount of walk-in attic storage? Absolutely! Anyone that loves to decorate for the holidays is going to appreciate the attic space! And guess what? It's all floored and insulated with closed cell spray foam. What about an Outdoor Kitchen with sink, ice maker, grill, vented exhaust and enough covered patio space for a large gathering while taking in the gorgeous views from your back porch, overlooking the lake and boat dock and watching the kids play games in the pool? We can help make those memories! Do you need a workshop? Got it! Would you like an additional 1100 sqft apartment for Uncle Ned's kids, the caretaker or extra income from a tenant? WE GOT YOU!! Multiple RV hook-ups and dumpsite on property? Got that, too! The list goes on with special surprises and important features, which is why the listing agent will be on site for all showings to give you a quick run down of exactly what makes this estate not just a home, but a safe haven, with all the bells and whistles, for years to come! Want to learn more? Contact your agent today!
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Location
Property Details
Parking
- Description: Driveway, Garage, Garage Door Opener, Other, See Remarks
- Details: Circular Driveway, Detached, Driveway, Garage Faces Front, Garage Faces Side, RV Access/Parking, Storage, Direct Access, Gravel, Paved
- Garage Spaces: 4
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 5
- # of Baths (Total): 6.0
Exterior Features
- Exterior Walls Materials: Brick Veneer
- Foundation: Raised
- Roof Type: Hip
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 132M024001.016
- Lot Size: 283140 sqft
Property Information
- Property Type: Single Family Residence
- Style: French Acadian
- Year Built: 2014
Tax Information
- Annual Tax: $7,365
Utilities
- Water & Sewer: Public
- Heating: Central, Electric, Heat Pump
- Cooling: Central Air, Ceiling Fan(s), Electric, Gas, Multi Units
Location
- County: Hancock
Listing Details
Investment Summary
- Monthly Cash Flow
- -$11,333
- Cap Rate
- 0.2%
- Cash-on-Cash Return
- -26.6%
- Debt Coverage Ratio
- 0.02
- Internal Rate of Return (5 years)
- -21.6%
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:
| $2,225,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,780,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $445,000 |
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:
| $66,750 |
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:
| $511,750 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 0 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| n/a |
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:
| n/a |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,780,000 |
|---|---|
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:
| 6.810% |
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:
| $11,616 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $614 |
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:
| $91 |
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:
| $12,321 |
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:
| $1,300 | $15,600 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$78 | -$936 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $1,222 | $14,664 |
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. | 47% | -$614 | -$7,365 |
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% | -$91 | -$1,092 |
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% | -$104 | -$1,248 |
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% | -$65 | -$780 |
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% | -$65 | -$780 |
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 | 72% | -$939 | -$11,265 |
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:
| $283 | $3,396 |
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. | -$11,616 | -$139,392 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $11,333 | $135,996 |