$1,025,000
Investment Summary
- Monthly Cash Flow
- -$1,344
- Cap Rate
- 4.1%
- Cash-on-Cash Return
- -6.8%
- Debt Coverage Ratio
- 0.72
- Internal Rate of Return (5 years)
- -2.6%
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
BRAND NEW STUNNING TOLL BROTHERS HOME IN STERLING GROVE!! ***SAVE $75,000 OVER NEW BUILD!*** BRAND NEW BACKYARD LANDSCAPING***This beautiful Craftsman elevation features 4 beds, 3.5 baths, and 3,743 sq. ft., plus a convenient main floor office with double glass doors. The chef's kitchen boasts upgraded white cabinets, granite slab countertops, all stainless steel kitchen: 36'' gas cooktop with hood, double wall ovens, a huge island, and a humongous pantry. Wood floors and upgraded carpeting t/o, custom tilework in the bathrooms. Sterling Grove isn't just a neighborhood, it's a lifestyle: gated w/ 24/7 security, and amenities galore - Nicklaus golf, 3 pools, 4 tennis courts, 13 pickleball courts, gym, fitness room and spa. Plus, there's a top-notch charter school right across the street. HUGE VALUE!! Laid-Back Luxury in Sterling Grove Golf & Country Club - check out the document on comparing this home to a new Toll Brothers Ballantyne build and you will see that this house is the smartest choice in Sterling Grove! Welcome to your dream home in the heart of Surprise, Arizona one of the fastest-growing communities in the Valley. Nestled inside the exclusive gates of Sterling Grove Golf & Country Club, this exquisite, never-lived-in home offers the perfect blend of comfort, convenience, and sophisticated design. And with top retailers like Costco, Target, Home Depot, and more just minutes away, everything you need is within reach. Step inside and discover a thoughtfully designed floor plan that prioritizes both beauty and function. The wide plank engineered-wood floors and plush upgraded carpeting create an upscale yet cozy atmosphere, while the luxurious primary suite offers a spa-like retreat, complete with a beautifully tiled walk-in shower and custom finishes. Upstairs, you'll find three additional bedrooms and two full baths including one that can easily serve as a second master suite with the simple addition of a barn door. It's ideal for guests, multi-generational living, or that extra bit of privacy. Tech enthusiasts and energy-conscious buyers will love the high-end upgrades already in place: spray foam insulation throughout (even in the garage walls!) keeps your home cool and efficient year-round. The 400-amp electrical panel is ready for all your smart home additions, EV charging, or even your future backyard oasis pool plans welcome, and the panel's already prepped for it! Not in the mood to build a pool? Sterling Grove's resort-style clubhouse offers three stunning pools just a short walk away. Other premium features include a Guardian-coated garage floor and a brand new, never used, top-tier whole-house water filtration system. It's move-in ready with all the bells and whistles already done for you. This home is a huge value! Take a look at the document that compares this property to build a new build like this one from scratch - you will see that making this home yours right now is a great decision! Location? Unbeatable. Shopping, dining, and everyday essentials are just around the corner: in addition to Costco, Target, Home Depot, Safeway, Sprouts, Hobby Lobby, Dick's, HomeGoods, are also brand new and nearby with even more retail on the way. Need to get across town? You're moments from the Loop 303, and minutes from outdoor adventures at White Tank Regional Park or big-game action at State Farm Stadium and MLB spring training venues. Whether you're seeking a peaceful escape or a vibrant community lifestyle, this home delivers it all. Come experience the charm, convenience, and understated elegance of life in Sterling Grove where every day feels like a vacation.
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Location
Property Details
Parking
- Description: Dir Entry frm Garage, Electric Door Opener
- Details: Garage Door Opener, Direct Access
- Garage Spaces: 3
- Spaces Total: 3
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Total): 4.0
Interior Features
- # of Stories: 2
Exterior Features
- Exterior Walls Materials: Stucco
- Roof Material: Tile
- Pool Community: Yes
HOA
- Has HOA: Yes
- Association: STERLING GROVE
- HOA Fee: $465/quarterly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 50213483
- Lot Size: 6600 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 2022
Tax Information
- Annual Tax: $1,597
Utilities
- Heating: ENERGY STAR Qualified Equipment, Natural Gas
- Cooling: Central Air, ENERGY STAR Qualified Equipment
Location
- County: Maricopa
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,344
- Cap Rate
- 4.1%
- Cash-on-Cash Return
- -6.8%
- Debt Coverage Ratio
- 0.72
- Internal Rate of Return (5 years)
- -2.6%
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:
| $1,025,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$820,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $205,000 |
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:
| $30,750 |
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:
| $235,750 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,743 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $274 |
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:
| $1.47 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $820,000 |
|---|---|
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:
| $4,851 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $133 |
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:
| $385 |
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:
| $5,369 |
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:
| $5,500 | $66,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$330 | -$3,960 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $5,170 | $62,040 |
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. | 2% | -$133 | -$1,597 |
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% | -$385 | -$4,620 |
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% | -$440 | -$5,280 |
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% | -$275 | -$3,300 |
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% | -$275 | -$3,300 |
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% | -$155 | -$1,860 |
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 | 30% | -$1,663 | -$19,957 |
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:
| $3,507 | $42,084 |
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. | -$4,851 | -$58,212 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$1,344 | -$16,128 |