$850,000
Investment Summary
- Monthly Cash Flow
- -$1,005
- Cap Rate
- 4.3%
- Cash-on-Cash Return
- -6.2%
- Debt Coverage Ratio
- 0.75
- Internal Rate of Return (5 years)
- -2.0%
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
Welcome to this stunning, like-new, custom-built walkout two-story home. Located in the highly sought-after The Wilds Golf Club community. You are able to walk across the street to drive, chip, putt and practice bunker shots just steps from your front door. Built in 2020 with premium finishes and impeccable attention to detail, this exceptional residence offers the perfect blend of luxury, functionality, and comfort. From the moment you arrive, the curb appeal captivates with a dramatic elevation featuring stone accents, board and batten siding, and a charming front porch. The extended concrete driveway leads to a spacious 3-car garage, all nestled on a large corner lot with a flat, manicured yard and an in-ground sprinkler system. A maintenance-free deck with stair access to the backyard provides the ideal space for outdoor living and entertaining. Large flat backyard. Step inside to a grand foyer that opens into an awe-inspiring great room with soaring 16-foot ceilings, floor-to-ceiling windows, and breathtaking chandeliers from Southern Lights. Luxury vinyl plank flooring seamlessly connects the open-concept living, dining, and gourmet kitchen areas. The chef’s kitchen is a dream come true featuring a massive center island, custom tile backsplash, wood range hood, stainless steel appliances including a gas range and full-size fridge and freezer. There is also a walk-in pantry with custom Container Store shelving and organization systems. The upper level boasts three generously sized bedrooms, including two connected by a Jack-and-Jill bath. Each room with its own vanity and walk-in closet with custom shelving. The luxurious owner's suite is your private retreat with a spa-like bathroom complete with dual vanities, granite countertops, a freestanding soaking tub, a separate shower, and a huge custom walk-in closet with custom shelving. Step out onto your private balcony and enjoy peaceful views of the backyard. The main level offers incredible versatility with a guest suite featuring a walk-in closet and ¾ bath. Perfect for multi-generational living, long-term guests or a secondary owner's suite. You’ll also find a stylish office with French doors, and a second flex room ideal for a second office, playroom, secondary main-level bedroom, or libarary. There is a large mudroom with built-ins, and a powder bath. The expansive walkout lower level offers endless possibilities with a massive family and rec room, home gym, additional bedroom, flex space, and radiant in-floor heat. Whether you’re entertaining, relaxing, or working from home, this home has it all. Additional highlights include a smart water monitoring and shutoff system, a two-zone HVAC system, an air exchanger, sump pump, smart garage door openers, and built-in speakers on all three levels. Oversized doors paneled door throughout and tall patio sliders on the main floor add to the home’s sense of openness and style. Located just steps from The Wilds Golf Course and practice facility. Easy access to CR-42 and Hwy 169 for smooth commuting. Enjoy nearby walking and biking trails, highly rated schools, and top-tier entertainment options including Valleyfair, Mystic Lake Casino, Canterbury Park, and the upcoming 19,000-seat outdoor amphitheater opening in 2026. This one-of-a-kind luxury home has everything you’ve been looking for without the wait of building. Schedule your private tour today and make it yours!
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Location
Property Details
Parking
- Description: Attached Garage
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 6
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Partial): 1
- # of Baths (Total): 5.0
Interior Features
- # of Rooms: 17
- # of Stories: 2
- Basement: Yes
- Basement Description: Sump Pump, Concrete
Exterior Features
- Exterior Walls Materials: Combination
- Roof Material: Asphalt, Shingle
HOA
- Has HOA: Yes
- Association: Associa Minnesota
- HOA Fee: $180/quarterly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 252970220
- Lot Size: 24829 sqft
Property Information
- Property Type: Single Family Residence
- Style: (SF) Single Family
- Year Built: 2020
Tax Information
- Annual Tax: $10,272
Utilities
- Water & Sewer: Public
- Heating: Forced Air, Radiant Floor
- Cooling: Central Air
Location
- County: Scott
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,005
- Cap Rate
- 4.3%
- Cash-on-Cash Return
- -6.2%
- Debt Coverage Ratio
- 0.75
- Internal Rate of Return (5 years)
- -2.0%
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:
| $850,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$680,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $170,000 |
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:
| $25,500 |
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:
| $195,500 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 5,034 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $169 |
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:
| $1.13 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $680,000 |
|---|---|
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:
| $4,022 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $856 |
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:
| $399 |
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:
| $5,277 |
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:
| $5,700 | $68,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$342 | -$4,104 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $5,358 | $64,296 |
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. | 15% | -$856 | -$10,272 |
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% | -$399 | -$4,788 |
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% | -$456 | -$5,472 |
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% | -$285 | -$3,420 |
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% | -$285 | -$3,420 |
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. | 1% | -$60 | -$720 |
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 | 41% | -$2,341 | -$28,092 |
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:
| $3,017 | $36,204 |
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. | -$4,022 | -$48,264 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $1,005 | $12,060 |