$889,900
Investment Summary
- Monthly Cash Flow
- -$2,062
- Cap Rate
- 3.5%
- Cash-on-Cash Return
- -12.1%
- Debt Coverage Ratio
- 0.56
- Internal Rate of Return (5 years)
- -7.7%
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
Nestled in the heart of the coveted Country Club Estates of Payson, this one-of-a-kind custom gem represents the pinnacle of luxury living while tucked in a private pocket on a hillside lot, overlooking the golf course and pond. This extraordinary home, remodeled from top to bottom, with over $550,000 in upgrades since 2020, making it truly move-in ready. Spanning an impressive 2,395 sq ft, the main house boasts 3 bedrooms, 3.5 baths, and an elevator that effortlessly connects the garage with a half bath and oversized storage room, to the main and top floors for convenience. Accompanying the main residence is an 832 sq ft guest quarters with a private entrance, oversized loft, additional bedroom, bathroom, living room, and kitchen, offering guests or extended family their own serene space. The home itself is a masterpiece of high efficiency and modern design. It's powered by solar panels and constructed with High E-Block (E-crete) for superior insulation and sustainability. New high efficiency fiberglass picture windows and doors each with their own remote controlled steel electric thermal shutters, provide comfort and security. The interior of the home is graced with soaring ceilings that frame breathtaking views of the surrounding mountains, lakes, and golf course, creating an atmosphere of tranquility and grandeur. The owners suite is a sanctuary unto itself, featuring a large bedroom with newly installed plank flooring and a fully updated bathroom. The bath is adorned with deluxe tile, a spacious shower, a separate jetted soaking tub, and his-and-hers sinks with LED-lit mirrors. The walk-in closet with custom organizers completes this luxurious space, offering ample storage and thoughtful design with easy attic access. Throughout the home, you'll find beautiful, natural wood-look luxury vinyl flooring, tasteful lighting fixtures, recessed lighting, 6.5 inch imported baseboards, and solid core 6-panel interior doors, all set against a backdrop of neutral, soothing colors. The kitchen is a chef's dream, featuring custom cabinetry, earth tone backsplash, a large walk-in pantry, and stunning 3-inch granite countertops. A 10-foot island with a 5-seat breakfast bar anchors the space, making it perfect for entertaining. High-end Kohler fittings, including a pot filler pullout faucet, a stainless steel farmhouse sink w/ soap dispenser, RO system, stainless steel appliances, and an under-counter built-in microwave, complete this culinary oasis. Step outside to experience the home's fully landscaped exterior, which includes 8 mature fruit trees, 4 large capacity rain water retention tanks with electric water pumps, French drain system, raised garden beds, security system with flood lights, and a detached 12 x 12 shed/workshop. The freshly painted exterior, custom metal railings, new paver, elongated horseshoe driveway, and brand new retaining walls all reflect the care and attention given to every aspect of this property. Multiple patios, including two with lake views and one overlooking the golf course, offer the perfect spots to unwind and take in the breathtaking surroundings. The separate guest house is equally impressive, with its fully upgraded kitchen, granite countertops, and custom cabinets. The full bath is impressively upgraded, and the space features a blend of tile flooring on the first floor with new neutral carpet on the stairs and loft area. Whether you're seeking a luxurious retreat or a forever home, this Payson beauty is ready to welcome you into a life of comfort and elegance.
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Location
Property Details
Parking
- Description: Dir Entry frm Garage, Electric Door Opener, Separate Strge Area, RV Access/Parking
- Details: RV Access/Parking, Garage Door Opener, Direct Access, Circular Driveway
- Garage Spaces: 2
- Spaces Total: 14
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Total): 5.0
Interior Features
- # of Stories: 2
Exterior Features
- Exterior Walls Materials: Stucco
- Roof Material: Tile
- Solar Panels: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 30411032A
- Lot Size: 19220 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 2005
Tax Information
- Annual Tax: $6,254
Utilities
- Water & Sewer: Public
- Heating: Electric
- Cooling: Central Air, Ceiling Fan(s)
Location
- County: Gila
Listing Details
Investment Summary
- Monthly Cash Flow
- -$2,062
- Cap Rate
- 3.5%
- Cash-on-Cash Return
- -12.1%
- Debt Coverage Ratio
- 0.56
- Internal Rate of Return (5 years)
- -7.7%
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:
| $889,900 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$711,920 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $177,980 |
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:
| $26,697 |
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:
| $204,677 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,227 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $276 |
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:
| $1.39 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $711,920 |
|---|---|
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:
| 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:
| $4,646 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $521 |
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:
| $315 |
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:
| $5,482 |
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:
| $4,500 | $54,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$270 | -$3,240 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,230 | $50,760 |
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. | 12% | -$521 | -$6,254 |
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% | -$315 | -$3,780 |
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% | -$360 | -$4,320 |
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% | -$225 | -$2,700 |
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% | -$225 | -$2,700 |
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 | 37% | -$1,646 | -$19,754 |
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:
| $2,584 | $31,008 |
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. | -$4,646 | -$55,752 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $2,062 | $24,744 |