$1,490,000
Investment Summary
- Monthly Cash Flow
- -$2,811
- Cap Rate
- 3.4%
- Cash-on-Cash Return
- -9.8%
- Debt Coverage Ratio
- 0.60
- Internal Rate of Return (5 years)
- -5.5%
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
On the backdrop of the Copper Rock Championship Golf Course with stunning mountain views of the Hurricane Hills, Pine Valley, and the most stunning desert landscaping lies this modern-style short term rental home. Showcased as one of the homes in the 2022 Parade of Homes, this custom-built turnkey fully furnished stunner was designed for both aesthetic impact and practical living. Overall, the residence features 5 bedrooms, 5 bathrooms, 3 car garage (1,045 SqFt) with 14' ceilings and 10' bay door, over 50 solar panels with a power wall. The unique layout brings together a main residence and a guest house feel. The main house is 3 beds with 3 baths, and the detached guest house has 2 beds with 2 baths with a kitchen and living space. The main house includes a spacious great room that features 12' ceilings, large built-in entertainment center with a fireplace, tall windows, spectacular contemporary design light fixtures, large kitchen islands with Bianco Romano Granite countertop, Bertazzoni high-end Italian Appliances, two-tone cabinets, electronic blinds throughout, dedicated room-by-room mini split heating/cooling air conditioner units, exquisite tile, LVP, and carpet throughout, and all of the most amazing upgrades. The exterior space is designed to entertain and absorb the beauty of the surrounding landscape with features like an inground pool with shamu shelf, built-in BBQ, artificial turf, pergola, upper view deck with a hot tub above the main house, additional upper deck above the guest house, and so many more details. Constructed withInsulated Concrete Forms (ICF), the home boasts an impressiveR-54 insulation rating, contributing tolow utility costsand increased rental profitability. Situated on the foothills of the Hurricane Cliffs, just steps from the acclaimed Copper Rock Golf Course, this home enjoys a front-row seat to one of Southern Utah's finest championship courses. Copper Rock features 18 masterfully designed holes with sweeping desert views and has proudly hosted multiple LPGA and Epson Tour events, including the Copper Rock Championship. Adventure abounds beyond the fairways-just a short drive from the home, you'll find thousands of acres of red rock terrain, massive sand dunes, and ATV/OHV trail systems that connect to Sand Hollow Reservoir. The region is a haven for outdoor lovers with world-class mountain biking, hiking, and rock climbing. It's also home to major events, such as the Ironman World Championship, Red Bull Rampage, and more. Only a short drive away, explore the grandeur of Zion National Park, Bryce Canyon, the North Rim of the Grand Canyon, and nearby reservoirs like Quail Creek and Gunlock. Set at just over 3,000 feet above sea level where the Mojave Desert, Colorado Plateau, and Great Basin converge, this is truly one of the most striking and geologically unique regions in the country. There's nothing else like it-schedule your private showing today and experience a home that truly captures the soul of Southern Utah.All information herein is deemed reliable but is not guaranteed. The buyer is responsible to verify all listing information, including square feet/acreage, to the buyer's own satisfaction.
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Location
Property Details
Parking
- Description: Open, Covered, Carport, Garage
- Details: Attached
- Garage Spaces: 3
- Spaces Total: 10
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 5
- # of Baths (Total): 5.0
Interior Features
- # of Rooms: 15
- # of Stories: 1
- Fireplace: Yes
Exterior Features
- Roof Material: Rubber, Metal, Membrane
- Pool: Yes
HOA
- Has HOA: Yes
- HOA Fee: $200/monthly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: HGVE14
- Lot Size: 11325 sqft
Property Information
- Property Type: Single Family Residence
- Style: Rambler/Ranch
- Year Built: 2022
Tax Information
- Annual Tax: $12,126
Utilities
- Heating: Heat Pump
- Cooling: Ceiling Fan(s), Heat Pump
Location
- County: Washington
Listing Details
Investment Summary
- Monthly Cash Flow
- -$2,811
- Cap Rate
- 3.4%
- Cash-on-Cash Return
- -9.8%
- Debt Coverage Ratio
- 0.60
- Internal Rate of Return (5 years)
- -5.5%
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:
| $1,490,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,192,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $298,000 |
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:
| $44,700 |
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:
| $342,700 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,805 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $531 |
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:
| $2.82 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,192,000 |
|---|---|
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:
| 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:
| $7,051 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,011 |
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:
| $553 |
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:
| $8,615 |
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:
| $7,900 | $94,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$474 | -$5,688 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $7,426 | $89,112 |
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. | 13% | -$1,011 | -$12,126 |
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% | -$553 | -$6,636 |
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% | -$632 | -$7,584 |
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% | -$395 | -$4,740 |
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% | -$395 | -$4,740 |
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. | 3% | -$200 | -$2,400 |
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 | 40% | -$3,186 | -$38,226 |
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:
| $4,240 | $50,880 |
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. | -$7,051 | -$84,612 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $2,811 | $33,732 |