$2,795,000
Investment Summary
- Monthly Cash Flow
- -$10,664
- Cap Rate
- 1.1%
- Cash-on-Cash Return
- -19.9%
- Debt Coverage Ratio
- 0.19
- Internal Rate of Return (5 years)
- -15.2%
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
Welcome to 18 Enclave Court, the pinnacle of bespoke luxury living. Nestled behind the prestigious, maintenance-free gated community of the Village Enclave of South Barrington, this exquisite estate offers exclusive access to a host of intimate community amenities including a private gazebo, playground, paddle court, walking path, and serene lakes. Situated at the end of a private cul-de-sac, this magnificent custom build is located within the highly coveted District 220 school system and is conveniently close to shopping, entertainment, and fine dining at the Arboretum, as well as easy access to I-90 and O'Hare International Airport. An architectural masterpiece, this home seamlessly blends the charm of a farmhouse with cutting-edge modern design. Upon entering, you'll be greeted warmly by a grand marble dual-sided gas fireplace that flows into the two-story great room, featuring floor-to-ceiling windows and built-in wooden shelving. The open floor plan leads you to a formal dining room and a chef's kitchen equipped with state-of-the-art Thermador appliances, quartz countertops, dual dishwashers, dual sinks, and custom cabinetry. The main level exudes warmth with heated tiles and gleaming hardwood floors throughout. LED lighting and rustic chandeliers illuminate soaring ceilings adorned with reclaimed wooden accents and knotted Alder doors, creating an inviting ambiance. The private wing is complete with a first-floor primary en-suite offering a tranquil and sophisticated retreat, featuring a relaxing electric fireplace, spa-like luxurious bath with a walk-in shower, elegant soaking tub, double vanities, and a generous walk-in closet. The main level also includes a mudroom, walk-in pantry, laundry room, powder room, and easy access to a spacious patio, enabling seamless indoor/outdoor living. The heated 4.5-car garage with epoxy flooring and a 240v EV outlet also provides basement access.The tranquil second level features three additional bedrooms, each with walk-in closets and en-suite baths, including a Jack-and-Jill arrangement. The massive loft area offers an oasis of entertainment and storage space. The upper level also includes a second laundry room and ornate Trex-decked balconies.The finished basement adds over 3,100 square feet of living space, including a full kitchen, fifth bedroom, third washer/dryer, theater room, sauna, and fitness room. This home is highly energy-efficient, equipped with three HVAC zones and a full home generator. All windows are imported from Europe with a 10 year warranty. The first-floor and basement ceilings are 10 feet high, while the second-floor ceilings reach 9 feet. Outside, the sprawling grounds offer a private oasis perfect for entertaining, set against the backdrop of meticulously manicured landscapes. The incredible patio is tastefully built with Trex decking and stone pavers including lush greenery and ample space for outdoor gatherings. Landscape lighting enhances the home's stunning evening presence. The original cedar roof and copper gutters add to the masterfully designed exterior of this South Barrington gem. This home is more than a residence; it's a testament to individuality and refinement in a community defined by exclusivity. Welcome to the epitome of tailored upscale living.
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Location
Property Details
Parking
- Description: Garage
- Details: Concrete, Circular Driveway, Garage Door Opener, Heated Garage, On Site, Attached, Garage
- Garage Spaces: 4
- Spaces Total: 4
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Partial): 2
- # of Baths (Total): 6.0
Interior Features
- # of Rooms: 13
- # of Stories: 2
- Attic: Yes
- Basement: Yes
- Basement Description: Sump Pump, Finished, Exterior Entry, Concrete, Storage Space, Walk-Up Access, Daylight, Full, Walk-Out Access
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Masonry
- Foundation: Concrete Perimeter
- Roof Material: Shake
HOA
- Has HOA: Yes
- HOA Fee: $10,000/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 0134301012
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: French Provincial
- Year Built: 2019
Tax Information
- Annual Tax: $32,106
Utilities
- Water & Sewer: Public
- Heating: Natural Gas, Radiant Floor
- Cooling: Central Air, Zoned, Electric
Location
- County: Cook
Listing Details
Investment Summary
- Monthly Cash Flow
- -$10,664
- Cap Rate
- 1.1%
- Cash-on-Cash Return
- -19.9%
- Debt Coverage Ratio
- 0.19
- Internal Rate of Return (5 years)
- -15.2%
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:
| $2,795,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$2,236,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $559,000 |
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:
| $83,850 |
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:
| $642,850 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 9,445 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $296 |
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:
| $0.93 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $2,236,000 |
|---|---|
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:
| $13,227 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $2,676 |
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:
| $616 |
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:
| $16,519 |
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:
| $8,800 | $105,600 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$528 | -$6,336 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $8,272 | $99,264 |
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. | 30% | -$2,676 | -$32,106 |
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% | -$616 | -$7,392 |
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% | -$704 | -$8,448 |
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% | -$440 | -$5,280 |
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% | -$440 | -$5,280 |
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. | 9% | -$833 | -$9,996 |
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 | 65% | -$5,709 | -$68,502 |
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:
| $2,563 | $30,756 |
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. | -$13,227 | -$158,724 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $10,664 | $127,968 |