$3,429,000
Investment Summary
- Monthly Cash Flow
- -$12,413
- Cap Rate
- 1.3%
- Cash-on-Cash Return
- -18.9%
- Debt Coverage Ratio
- 0.24
- Internal Rate of Return (5 years)
- -14.2%
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
Sunset Lane ends in a cul-de-sac where you will find a gated entrance to this 5.95-acre tranquil estate. Nestled in an old growth forest, the 1/8 mile drive winds under a tree canopy over a stone bridge, opening to a vista of a manicured lawn where the home stands at the ground's hilltop. The elegant Country French-style home was designed by the acclaimed architect, William Aitken, founder of Bannockburn and completed in 1929. The Four-level home, built of half-timbering with stucco infilling and a wood shingled roof, contains large arched windows, French doors and bay windows adorning the exterior. An elegant porte-cochere leads into the home's main entrance. The foyer provides a glimpse of the gracious rooms beyond. A grand curved wrap-around staircase features an Ivy-themed wrought iron banister. The living room's old-world charm is evident with its wood-beamed ceilings which leads the eyes to the fireplace, the main focal point of this 30' x 20' room. Five pair of French doors provide wonderful light and views of the tree-lined property. The dining room is adorned with a Claude Monet inspired hand painted mural of France. This 22' x 14' room has a bay of French doors opening to a large 32' x 32' lighted bluestone patio and outdoor grill area with granite countertops and a Wolf gas grill as well as a Wolf wood burning grill. The sunroom has three walls of floor to ceiling arched windows, one of which has a door to the lawn. This room provides the feeling of year-round outdoor living. Its heated tile floor provides ample heat and a cozy environment during the winter months. The kitchen features an AGA stove, French limestone floors, wood cabinetry and granite countertops. A door leads out to the blue flagstone patio and grilling area. The side entry has a closet and back staircase leading from the lower level to the third floor. Upstairs, the primary bedroom suite is a 22' x 16' retreat with a bay window, built in window seat and dual walk-in closets. The primary bath is beautifully tiled with a double vanity, jacuzzi tub and walk in steam shower. On the opposite side fo the second floor, away from the primary bedroom are two bedrooms and a full bath and floor to ceiling built-in linen and storage cabinetry. Both bedrooms are 15" x 14'. The library on the second floor has three walls of windows providing and enchanting "treehouse" feeling. The laundry room on the second floor is 15' x 9' and offers ample built-in storage. The third-floor bedroom suite is a cozy room with beamed ceiling, walk-in closet and full bath. The third-floor gym is light and airy with windows at each end and floor to ceiling mirrors. On the lower level you will find an entertainment area 34' x 20' with two walls of built-in cabinetry. There is a half bath, four storage closets, mechanical room and stair access to the attached 2-car garage. The attached 2-car garage is heated and has storage shelves and a pet shower with hot/cold water. Across the driveway is a 3 1/2 detached extra deep garage with tool shelving with ample room for lawn-care equipment. Generac Home Generator for the unexpected power outage.
Build Your Team
Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.
Agents
Match with investor-friendly agents who can help you find, analyze, and close your next deal
Lenders
Get the best funding…find investor-friendly lenders who specialize in your deal strategy
Property Managers
Transition to passive investing. Find a trusted property management partnership that lasts.
Tax Pros & Accountants
Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more
Location
Property Details
Parking
- Description: Garage
- Details: Asphalt, Garage Door Opener, Heated Garage, Garage, On Site, Attached, Detached, Driveway
- Garage Spaces: 5
- Spaces Total: 15
Bedroom Information
- # of Bedrooms: 6
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Partial): 2
- # of Baths (Total): 5.0
Interior Features
- # of Rooms: 13
- # of Stories: 2
- Attic: Yes
- Basement: Yes
- Basement Description: Finished, Exterior Entry, Storage Space, Walk-Up Access, Full, Walk-Out Access
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Brick
- Roof Material: Shake
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 1619400015
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: French Provincial
- Year Built: 1929
Tax Information
- Annual Tax: $29,585
Utilities
- Heating: Natural Gas, Steam, Radiant, Zoned
- Cooling: Central Air
Location
- County: Lake
Listing Details
Investment Summary
- Monthly Cash Flow
- -$12,413
- Cap Rate
- 1.3%
- Cash-on-Cash Return
- -18.9%
- Debt Coverage Ratio
- 0.24
- Internal Rate of Return (5 years)
- -14.2%
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:
| $3,429,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$2,743,200 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $685,800 |
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:
| $102,870 |
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:
| $788,670 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 4,700 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $730 |
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:
| $1.94 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $2,743,200 |
|---|---|
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:
| $16,227 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $2,465 |
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:
| $637 |
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:
| $19,329 |
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:
| $9,100 | $109,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$546 | -$6,552 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $8,554 | $102,648 |
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. | 27% | -$2,465 | -$29,585 |
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% | -$637 | -$7,644 |
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% | -$728 | -$8,736 |
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% | -$455 | -$5,460 |
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% | -$455 | -$5,460 |
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 | 52% | -$4,740 | -$56,885 |
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:
| $3,814 | $45,768 |
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. | -$16,227 | -$194,724 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $12,413 | $148,956 |