$599,000
Investment Summary
- Monthly Cash Flow
- -$891
- Cap Rate
- 3.9%
- Cash-on-Cash Return
- -7.8%
- Debt Coverage Ratio
- 0.69
- Internal Rate of Return (5 years)
- -3.5%
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
Immerse yourself in the stunning elegance of this remarkable waterfront estate nestled on the prestigious National Avenue, offering an exceptional combination of spaciousness, refined style, and breathtaking scenery. Spanning over 5,300 square feet across three thoughtfully designed levels, this meticulously maintained home exudes timeless sophistication and modern comfort. As you approach the property along the driveway, the grandeur of the residence is revealed, set back from the street to emphasize its impressive stature. Inside, you'll be welcomed into a warm and inviting foyer that seamlessly connects to the main living areas-featuring a spacious living room, a formal dining area, a contemporary kitchen, and a dedicated home office. The main level boasts newly installed hardwood floors, fresh paint, and updated baseboards, creating a sleek, contemporary ambiance. The living room offers a cozy yet open atmosphere, complete with custom built-in shelving and a large picture window framing stunning views of the Rock River. Adjacent, the sunroom with its distinctive brick paver flooring and glass door opens to the outdoors, providing a perfect spot for relaxation amidst natural beauty. East-facing windows flood the space with sunlight and capture spectacular river vistas, enhancing the tranquil setting. The chef's kitchen has been fully renovated into a culinary haven, showcasing custom blue cabinetry, quartz countertops, a stylish tile backsplash, and top-of-the-line appliances. It overlooks the expansive family room, which is adorned with towering windows that frame picturesque river scenes. Both the family room and the home office feature charming wood-beamed ceilings, adding a craftsman-inspired touch. For cozy gatherings, the main level includes two fireplaces-one in the living room and another in the office-creating inviting spots for relaxation or entertaining. Upstairs, the residence offers three spacious bedrooms, one with its own fireplace and elegant marble surrounds. Two of these bedrooms include private en suite bathrooms. The master suite serves as a private retreat, with multiple windows showcasing river views and a luxurious en suite bathroom featuring custom wood plank flooring, a double vanity, and a stunning walk-in shower with pebble stone and subway tile accents. A separate greenhouse space provides an ideal environment for growing herbs, vegetables, or flowers year-round. The third floor expands your living options with additional bedrooms, a full bathroom, and a bonus room with charming wood accents. Step outside to enjoy sweeping water views from a sizable balcony or host memorable gatherings on the expansive slate patio-perfect for summer barbecues, boating adventures, and outdoor leisure. Recent updates enhance the home's appeal, including an addition to the slate patio. a new custom outdoor kitchen featuring custom stone from Benson Stone, granite countertops, a stainless grill, a two drawer refrigerator, storage drawers and a garbage bin! Additional updates include a boat lift, newer windows and sliding doors, refinished smooth walls, and a modern boiler system installed in 2023, ensuring comfort and energy efficiency for years to come. This exceptional waterfront estate on National Avenue offers an opportunity to enjoy scenic beauty, elegant design, and versatile living-all in one of the few waterfront homes in the area.
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Location
Property Details
Parking
- Description: Garage
- Details: On Site, Detached, Garage
- Garage Spaces: 2
- Spaces Total: 2
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Partial): 2
- # of Baths (Total): 6.0
Interior Features
- # of Rooms: 11
- # of Stories: 2
- Attic: Yes
- Basement: Yes
- Basement Description: Unfinished, Full
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Masonry
- Roof Material: Asphalt
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 1113354006
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 1907
Tax Information
- Annual Tax: $13,101
Utilities
- Water & Sewer: Public
- Heating: Natural Gas
- Cooling: Wall Unit(s)
Location
- County: Winnebago
Listing Details
Investment Summary
- Monthly Cash Flow
- -$891
- Cap Rate
- 3.9%
- Cash-on-Cash Return
- -7.8%
- Debt Coverage Ratio
- 0.69
- Internal Rate of Return (5 years)
- -3.5%
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:
| $599,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$479,200 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $119,800 |
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:
| $17,970 |
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:
| $137,770 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 5,367 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $112 |
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:
| $0.82 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $479,200 |
|---|---|
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:
| $2,835 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,092 |
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:
| $308 |
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:
| $4,235 |
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:
| $4,400 | $52,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$264 | -$3,168 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,136 | $49,632 |
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. | 25% | -$1,092 | -$13,101 |
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% | -$308 | -$3,696 |
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% | -$352 | -$4,224 |
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% | -$220 | -$2,640 |
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% | -$220 | -$2,640 |
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 | 50% | -$2,192 | -$26,301 |
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:
| $1,944 | $23,328 |
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. | -$2,835 | -$34,020 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $891 | $10,692 |