$815,000
Investment Summary
- Monthly Cash Flow
- -$1,726
- Cap Rate
- 3.1%
- Cash-on-Cash Return
- -11.0%
- Debt Coverage Ratio
- 0.55
- Internal Rate of Return (5 years)
- -6.7%
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
NEW PRICE and MOVE-IN READY! UNMATCHED VALUE FOR THIS SIZE, QUALITY, AND LOCATION — PLUS A NEW ROOF (2024) At this new price, the value here is undeniable. Every detail of this home speaks to quality, comfort, and thoughtful design — all in one of Madison's most sought-after neighborhoods. With a brand-new roof, over 4,000 square feet of beautifully appointed living space, and a floor plan that keeps all main bedrooms on one level, this home truly offers more for less. This home has it all! Four bedrooms and three and a half baths are conveniently located on the main level, providing exceptional ease of living. The only room upstairs features its own full bath and walk-in closet over the three-car garage bay—perfect for a guest suite, teen retreat, home office, or hobby space where you don't have to keep the volume down! From the charming curb appeal to the lush, magazine-worthy backyard, this home balances elegance with everyday warmth. A wide front porch framed by cedar columns invites you to slow down—maybe sway on the swing bed or sip coffee while chatting with neighbors. Step inside, and you'll immediately feel at home. The foyer opens to a seamless flow between the formal dining and living rooms, making entertaining effortless. The living area's gas fireplace, traditional mantle, and wall of windows overlooking the back porch set a tone of cozy sophistication. A striking brick arch leads into the heart of the home—the open kitchen and keeping room, where a second fireplace brings family and friends together. The kitchen is a dream for anyone who loves to cook or entertain, with a spacious island for gathering, abundant cabinetry, and a beautiful copper sink beneath a sunlit window. A gas cooktop with pot filler, double ovens, and microwave drawer complete the gourmet setup. A walk-in pantry and additional pantry cabinetry keep everything perfectly organized. Nearby, a built-in dry bar with beverage fridge and ice maker makes the perfect coffee nook or cocktail station. The cheerful laundry room offers a window, sink, built-in desk, and folding counter—designed to make even chores enjoyable. The private guest suite, located just beyond the kitchen, includes a beautiful walk-in shower, while the primary suite on the opposite side of the home provides a peaceful retreat. Enjoy a sitting area overlooking the backyard and a luxurious bath with soaking tub, double vanities (including one with makeup space), and a spacious walk-in closet divided by a full-length mirror. Two additional bedrooms share a thoughtfully designed Jack and Jill bath, each with a private vanity and shared wet area. Just off the main living area, a ''friendship door'' entry welcomes guests into a charming nook with a built-in desk, mudroom lockers, and convenient half bath. The covered back porch is an entertainer's dream—complete with built-in gas grill, vent hood, prep space, and a wood-burning fireplace for cozy outdoor evenings. The beautifully landscaped backyard feels like a private retreat, complete with a graceful cement fountain, stone-lined drainage for both function and style, and multiple seating areas perfect for morning coffee, family dinners, or quiet reflection. Practicality meets luxury here, too: an extended driveway, circular drive, and extra parking pad mean plenty of space for guests or extra vehicles. Located in Ironwood Plantation, just minutes from the heart of Madison, residents enjoy access to a community pool and clubhouse. Home comes with stainless steel refrigerator, washer & dryer, swing bed, backyard fountain, and custom drapery throughout the home—making this incredible value even better.
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Location
Property Details
Parking
- Description: Attached, Garage Door Opener, Parking Pad
- Details: Attached, Garage Door Opener, Garage Faces Side, Parking Pad, Circular Driveway, Concrete
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Partial): 1
- # of Baths (Total): 5.0
Interior Features
- # of Rooms: 15
- # of Stories: 1
- Fireplace: Yes
Exterior Features
- Foundation: Slab
- Roof Material: Metal, Shingle
HOA
- Has HOA: Yes
- HOA Fee: $565/semi-annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 072A11B042
- Lot Size: 26136 sqft
Property Information
- Property Type: Single Family Residence
- Style: Farmhouse
- Year Built: 2016
Tax Information
- Annual Tax: $5,591
Utilities
- Water & Sewer: Public
- Heating: Central, Fireplace(s), Natural Gas
- Cooling: Central Air, Ceiling Fan(s), Gas, Multi Units
Location
- County: Madison
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,726
- Cap Rate
- 3.1%
- Cash-on-Cash Return
- -11.0%
- Debt Coverage Ratio
- 0.55
- Internal Rate of Return (5 years)
- -6.7%
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:
| $815,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$652,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $163,000 |
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:
| $24,450 |
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:
| $187,450 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 0 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| n/a |
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:
| n/a |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $652,000 |
|---|---|
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:
| $3,857 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $466 |
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:
| $273 |
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:
| $4,596 |
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:
| $3,900 | $46,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$234 | -$2,808 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,666 | $43,992 |
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. | 12% | -$466 | -$5,591 |
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% | -$273 | -$3,276 |
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% | -$312 | -$3,744 |
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% | -$195 | -$2,340 |
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% | -$195 | -$2,340 |
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% | -$94 | -$1,128 |
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 | 39% | -$1,535 | -$18,419 |
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:
| $2,131 | $25,572 |
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. | -$3,857 | -$46,284 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$1,726 | -$20,712 |