$2,275,000
Investment Summary
- Monthly Cash Flow
- -$5,808
- Cap Rate
- 3.2%
- Cash-on-Cash Return
- -13.3%
- Debt Coverage Ratio
- 0.51
- Internal Rate of Return (5 years)
- -8.9%
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
SPECTACULAR BEYOND ALL EXPECTATIONS!! This stunning residence WITH PRIVATE POOL ON the 12TH HOLE in the prestigious TRILOGY AT VERDE RIVER is a stunning visual retreat. Enjoy Spectacular view of Four Peaks in this Dorado model with 3 bedroom suites and countless upgrades throughout; Spectacular backyard, heated & cooled pool, water feature, fire pit, patio with sunscreens, misters, built-in BBQ. Gourmet kitchen, Monogram appliances, upgraded cabinets, expansive island, marble counters and pantry; Great room with stunning wood beams and upgraded 20' multi-slide door to showcase views; Master suite equipped with luxurious bathroom, walk-in closet. private gym/retreat; Office, smart space, custom lighting, fans, water softener, reverse osmosis, 3 car garage, built-in cabinets. FEATURES OF CONVENIENCE AND NOTABLE UPGRADES: MODEL: Dorado SQUARE FOOTAGE: 3,305 Square Feet LOT SIZE: 11,825 Square Feet YEAR BUILT: 2020 VIEWS: Expansive view the 12th hole of the Verde River golf course, Four Peaks and mountains of the Tonto National Forrest. OUTDOOR LIVING: Spectacular pool that can be heated or cooled, water feature, fire pit, covered patio with misters and sunscreens, built in BBQ and island. KITCHEN: Spacious with large island, marble counters, custom lighting, upgraded stainless steel GE Monogram Gourmet appliances package, wine chiller; upgraded glass display cabinet doors and custom backsplash. GREAT ROOM: Beautiful view of Tonto National Forest, 20' multi sliding door to spectacular backyard entertaining space, custom beams and lighting, motorized blinds, spacious seating and dining areas. MASTE SUITE: Elegant bedroom with views of mountains; luxurious master bath with soaking tub, spacious shower, quartz counters; custom mirrors, walk-in closets; retreat currently used as gym that can be converted into a lounge, library or 2nd walk in closet. SECOND BEDROOM SUITE: Includes luxurious bathroom, granite counters, custom mirror and shower THIRD BEDROOM SUITE: Includes luxurious bathroom, granite counters, custom mirror and walk-in closet, Custom built-in cabinets with beverage refrigerator. This room is currently being used as an office. OFFICE: Beautiful space with built-in cabinets, designer wall and custom lighting. SMART SPACE: Generous amount of cabinets with granite counters for workspace and storage; laundry area with sink and convenient and built-in desk. COURTYARD: Beautiful gated entry to welcome guests. CEILING HEIGHTS: 12 foot ceilings in the great room and 10 foot ceilings throughout the other areas of the home. Other: Alarm package with 16 zone security Control, water softener, reverse osmosis water purification for kitchen, 15 seer AC upgrade. GARAGE: 3 car garage and built-in custom cabinets. Experience the ultimate in Luxury Resort Living! This home is STUNNING - Inside and Out! Trilogy at Verde River offers upscale Resort living at its finest and the very best of all possible worlds, close to the conveniences of affluent North Scottsdale, yet secreted within the pristine privacy of the Sonoran Desert. The amenities are World Class with Tom Lehman inspired eighteen-hole Golf course, tennis courts, pickle ball courts, and bocce ball, heated lap pool and Resort style swimming pool, hot tub, Afterburn fitness center, Helen's demonstration Kitchen for cooking classes and a 7.5 acre dog park. The community center has casual poolside dining at Eddy's Diner and gourmet dining at award-winning Needle Rock Kitchen and Tap, Alvea Spa with full-service Salon and Spa amenities, Art Loft and events center. Trilogy at Verde River is adjacent to the Tonto National Forest and is situated in the middle of miles and miles of hiking and biking trails. Whether you're seeking a second, winter home, or will live here year-round, Trilogy at Verde River is an ideal distance from the hustle and bustle of North Scottsdale. You'll love the Resort living! What memories will you make?
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: Electric Door Opener
- Details: Garage Door Opener
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Total): 4.0
Interior Features
- # of Stories: 1
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Roof Material: Tile
- Pool: Yes
- Pool Community: Yes
HOA
- Has HOA: Yes
- Association: VR Community Assoc.
- HOA Fee: $1,524/quarterly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 21938894
- Lot Size: 11825 sqft
Property Information
- Property Type: Single Family Residence
- Style: Other
- Year Built: 2020
Tax Information
- Annual Tax: $5,532
Utilities
- Heating: Electric
- Cooling: Central Air, Ceiling Fan(s)
Location
- County: Maricopa
Listing Details
Investment Summary
- Monthly Cash Flow
- -$5,808
- Cap Rate
- 3.2%
- Cash-on-Cash Return
- -13.3%
- Debt Coverage Ratio
- 0.51
- Internal Rate of Return (5 years)
- -8.9%
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:
| $2,275,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,820,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $455,000 |
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:
| $68,250 |
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:
| $523,250 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,305 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $688 |
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:
| $3.09 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,820,000 |
|---|---|
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:
| 6.810% |
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:
| $11,877 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $461 |
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:
| $714 |
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:
| $13,052 |
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:
| $10,200 | $122,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$612 | -$7,344 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $9,588 | $115,056 |
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. | 5% | -$461 | -$5,532 |
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% | -$714 | -$8,568 |
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% | -$816 | -$9,792 |
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% | -$510 | -$6,120 |
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% | -$510 | -$6,120 |
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. | 5% | -$508 | -$6,096 |
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 | 35% | -$3,519 | -$42,228 |
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:
| $6,069 | $72,828 |
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. | -$11,877 | -$142,524 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $5,808 | $69,696 |