$449,900
Investment Summary
- Monthly Cash Flow
- -$229
- Cap Rate
- 5.1%
- Cash-on-Cash Return
- -2.7%
- Debt Coverage Ratio
- 0.89
- Internal Rate of Return (5 years)
- 1.4%
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
***Fox River Waterfront Home*** Welcome To Your Dream Home In The Prestigious Algonquin Shores Subdivision, Perfectly Situated Along The Scenic Fox River-Truly The Defining Feature Of Algonquin. This Meticulously Maintained, Original-Owner Home Showcases Professionally Designed Decor Blending Modern Updates With Timeless Elegance. Newly Painted Interiors, Fresh Carpeting Throughout, And Updated Lighting Fixtures Ensure A Move-In-Ready Experience. Impressive Curb Appeal Begins With The Stately Brick Facade Accented By Decorative Glass Double Entry Doors, Mature Trees, And Lush Landscaping. An Expansive Front Yard And A Well-Lit Driveway Lead To The Attached Two-Car Garage With Stylish Doors. Step Into The Inviting Foyer, Featuring Earth-Toned Tile Flooring, Sophisticated Built-In Storage, And An Elegant Staircase With Plush Carpeting And Modern Metal Railing. This Transitional Space Effortlessly Connects To The Main Living Areas. The Spacious Living Room, Enhanced By Soft Carpeting And Abundant Natural Light, Seamlessly Transitions Into A Formal Dining Room. A Decorative Ceiling Medallion Highlights A Modern Chandelier, Creating An Elegant Atmosphere For Gatherings. At The Heart Of The Home, The Thoughtfully Designed Kitchen Blends Practicality With Style, Featuring Rich Hardwood Floors, Stylish Cabinetry, Stainless Steel Appliances, A Charming Brick Backsplash, Ample Countertops, And A Peninsula Breakfast Bar. Sliding Glass Doors From The Casual Dining Area Invite Seamless Indoor-Outdoor Living. The Inviting Family Room Is A Natural Gathering Place With A Beautiful Brick Fireplace, Hardwood Flooring, And Built-In Stone Mantel. Versatile And Spacious, It Comfortably Accommodates Family Evenings Or Larger Gatherings. The Serene Primary Bedroom Suite Includes Plush Carpeting, Neutral Decor, And A Private Juliet Balcony With Stunning Fox River Views. The Impressive Walk-In Closet Offers Luxurious Custom Organization. The Spa-Like Primary Bathroom Features A Sleek Vanity With A Vessel Sink, Modern Fixtures, And A Spacious Glass-Enclosed Shower. Three Additional Bedrooms Provide Flexible Spaces Currently Used As An Office, Nursery, And Guest Bedroom. Each Room Offers Comfortable Carpeting And Abundant Natural Light, Easily Adaptable As Needs Evolve. A Spacious Lower-Level Rec Room, Illuminated By Lookout Windows, Enhances Entertainment Options, Ideal For Leisure Activities Or Personalized Use As A Theater, Game Room, Or Fitness Area. Outdoor Living Includes A Large, Low-Maintenance Trex Deck With A Covered Gazebo, Perfect For Dining, Relaxation, And Hosting Memorable Events. The Generous Backyard Offers Ample Green Space For Gardening, Recreation, Or Potential Enhancements Such As A Pool Or Playground. Direct Access To The Fox River Provides Exceptional Opportunities For Kayaking, Fishing, Or Enjoying Tranquil Waterfront Evenings. Whether You're Entertaining A Crowd Or Enjoying A Quiet Sunset, This Backyard Oasis Delivers Unmatched Peace And Beauty. Ideally Located, Algonquin-Known As "The Gem Of The Fox River Valley"-Offers Convenience With Nearby Shopping, Dining, And Easy Commuting Via Interstate 90 And Metra Stations. Its Rich History, Vibrant Community Spirit, And Access To A Range Of Recreational And Cultural Activities Make It A Sought-After Place To Call Home. Make This Impeccably Maintained, Elegantly Appointed Home Yours, And Enjoy Exceptional Riverside Living In The Heart Of Algonquin.
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Location
Property Details
Parking
- Description: Garage
- Details: Asphalt, Garage Door Opener, On Site, Attached, Garage
- Garage Spaces: 2
- Spaces Total: 2
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Total): 3.0
Interior Features
- # of Rooms: 9
- # of Stories: 2
- Attic: Yes
- Basement: Yes
- Basement Description: Finished, Full
- Fireplace: Yes
Exterior Features
- Foundation: Concrete Perimeter
- Roof Material: Asphalt
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 0303103031
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Contemporary
- Year Built: 1975
Tax Information
- Annual Tax: $2,867
Utilities
- Water & Sewer: Well
- Heating: Natural Gas
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Kane
Listing Details
Investment Summary
- Monthly Cash Flow
- -$229
- Cap Rate
- 5.1%
- Cash-on-Cash Return
- -2.7%
- Debt Coverage Ratio
- 0.89
- Internal Rate of Return (5 years)
- 1.4%
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:
| $449,900 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$359,920 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $89,980 |
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:
| $13,497 |
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:
| $103,477 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,196 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $205 |
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:
| $1.41 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $359,920 |
|---|---|
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:
| $2,129 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $239 |
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:
| $217 |
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:
| $2,585 |
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:
| $3,100 | $37,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$186 | -$2,232 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,914 | $34,968 |
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. | 8% | -$239 | -$2,867 |
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% | -$217 | -$2,604 |
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% | -$248 | -$2,976 |
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% | -$155 | -$1,860 |
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% | -$155 | -$1,860 |
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 | 33% | -$1,014 | -$12,167 |
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:
| $1,900 | $22,800 |
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. | -$2,129 | -$25,548 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $229 | $2,748 |