$418,500
Investment Summary
- Monthly Cash Flow
- -$231
- Cap Rate
- 5.0%
- Cash-on-Cash Return
- -2.9%
- Debt Coverage Ratio
- 0.88
- Internal Rate of Return (5 years)
- 1.2%
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
Tucked away in a gorgeous wooded setting, you'll find this beautiful family home! Plenty of space here with 5 bedrooms and 3 full baths with quality features such as six panel doors, hardwood, wood laminate and tile flooring throughout. The main floor offers a comfortable living room, spacious dining room with pocket doors, pretty wainscotting built in corner hutches and a cozy family room featuring an energy efficient wood burning fireplace with blower, bookcases, and recessed lighting. Specially featured is the beautiful new (2022) kitchen with quartz countertops, soft close cabinets, center island, roll out cabinets, recessed lighting, and tile flooring. The breakfast nook is handy for meals on the go. Fully equipped with new (2022) appliances, including stainless refrigerator, dishwasher, microwave and double oven with convection and air-fry. Also included on the main floor is family sized game room (or 5th bedroom) with bamboo flooring and adjacent laundry/ mud room. You'll love the fully enclosed 3 season cedar porch (2021), perfect for enjoying the natural beauty of the outdoors. The second floor consists of 3 spacious bedrooms and handy divided family bath, plus the roomy master suite with dual closets and private bath with double sink vanity and walk in shower. Also included on the upper level is a gorgeous office/library with double door entry, vaulted ceiling, bamboo hardwood flooring and opens to a 6'x22' "summer porch" with tile floor. The walk-in attic is perfect for storage! There is a full partially finished basement offering great storage space. This home has been so well-maintained! Two furnaces (2015) and two central air (2015/2018) systems. The main furnace includes a humidifier and UV filter (bulb replaced in 2023). High efficient water heater with recycling unit to ensure instant hot water in primary shower and sinks. Water softener (2017). Sump pump with battery back-up (2019). Well casing (2011) and well pump (2019). The whole house generator (2019) is negotiable. Kohler bidet toilets (2023). Water filtration/iron remover (2024). New UV septic system (2024). Roof (2014 and 2020). Vinyl clad steel and vinyl siding. The attached 2 car garage featuring a 220v electric car charger (2019). There is an additional 1 1/2 car garage with doors at both ends and a floored storage shed (2010). There is a composite deck (2014) and natural gas grill. Convenient blacktop circle drive (sealed in 2024). Motion detecting lights. Surf Broadband fiber optic to the house. Cell phone booster (2017). All on a beautiful natural setting consisting of 1.36 wooded acres.
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Location
Property Details
Parking
- Description: Garage
- Details: Asphalt, Garage Door Opener, Garage, On Site, Attached, Detached
- Garage Spaces: 3
- Spaces Total: 3
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Total): 3.0
Interior Features
- # of Rooms: 11
- Basement: Yes
- Basement Description: Sump Pump, Partially Finished, Full
- Fireplace: Yes
Exterior Features
- Roof Material: Asphalt
HOA
- Has HOA: Yes
- HOA Fee: $800/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 1106426001
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 1973
Tax Information
- Annual Tax: $7,191
Utilities
- Water & Sewer: Well
- Heating: Natural Gas, Forced Air
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Whiteside
Listing Details
Investment Summary
- Monthly Cash Flow
- -$231
- Cap Rate
- 5.0%
- Cash-on-Cash Return
- -2.9%
- Debt Coverage Ratio
- 0.88
- Internal Rate of Return (5 years)
- 1.2%
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:
| $418,500 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$334,800 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $83,700 |
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:
| $12,555 |
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:
| $96,255 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,365 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $124 |
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:
| $1.04 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $334,800 |
|---|---|
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:
| $1,980 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $599 |
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:
| $245 |
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:
| $2,824 |
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:
| $3,500 | $42,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$210 | -$2,520 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,290 | $39,480 |
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. | 17% | -$599 | -$7,192 |
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% | -$245 | -$2,940 |
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% | -$280 | -$3,360 |
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% | -$175 | -$2,100 |
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% | -$175 | -$2,100 |
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. | 2% | -$67 | -$804 |
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 | 44% | -$1,541 | -$18,496 |
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:
| $1,749 | $20,988 |
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. | -$1,980 | -$23,760 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $231 | $2,772 |