$859,900
Investment Summary
- Monthly Cash Flow
- -$1,938
- Cap Rate
- 3.0%
- Cash-on-Cash Return
- -11.8%
- Debt Coverage Ratio
- 0.52
- Internal Rate of Return (5 years)
- -7.4%
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 ROOF 2024! This home has it all! With four bedrooms and three and a half baths all on the main level, the floor plan offers exceptional convenience and flexibility. 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 beautifully landscaped backyard that looks straight out of Better Homes & Gardens, this home is as cozy as it is elegant. You truly have to experience it in person to appreciate its warmth and inviting, homey atmosphere. A spacious front porch flanked by gorgeous cedar columns invites you to relax on the swing bed or rocking chairs and chat with neighbors. Step inside to a welcoming foyer that flows seamlessly into the formal dining and living rooms, creating an ideal space for entertaining. The formal living area features a gas-burning fireplace with a traditional mantle and built-ins, and a wall of windows that frame views of the back porch. A striking brick arch draws you into the heart of the home: the open kitchen and keeping room, where a second fireplace adds warmth and charm. The kitchen is a chef's dream, with a large island offering plenty of seating, built-ins for cookbooks and spices, and a copper sink set beneath a window that floods the space with natural light. A gas cooktop with pot filler, microwave drawer, and double ovens complete the high-end appliance package. Storage is abundant, with pantry cabinets in the kitchen and a separate walk-in pantry just around the corner. Adjacent to the kitchen, a generous dry bar includes a beverage fridge, ice maker, and upper and lower cabinets—ideal for a coffee station, cocktail setup, or entertaining hub. The nearby laundry room is as functional as it is cheerful, with a window, sink, built-in desk, hanging bar, and folding space. Just beyond is a private guest suite with a stunning walk-in shower. On the opposite side of the home, the oversized primary suite includes a cozy sitting area with views of the backyard. The luxurious en suite bath offers a soaking tub, double vanities (one with dedicated knee space), a private wet room with walk-in shower, and a master closet divided by a full-length mirror. Two additional bedrooms share a beautifully designed Jack and Jill bath. Each has a private vanity area—one with a seated makeup station—and they share a separate room with a tub/shower combo, storage tower, and toilet. Just off the main living area, a ''friendship door'' entry opens into a small sitting area with a built-in desk and a row of lockers for organizing backpacks, coats, and shoes. A convenient half bath is also located here. The covered back patio is a dream for outdoor entertaining, with a built-in gas grill, vent hood, prep counters, and a spacious extension that's perfect for gathering. A wood-burning fireplace anchors the space, creating an ideal spot for cozy nights outdoors. The backyard is truly an extension of the home's charm and tranquility. A gorgeous cement fountain welcomes you into the space with the peaceful sound of flowing water. Multiple seating areas are thoughtfully placed to be enjoyed at all times of the day and year—whether you're imagining backyard picnics, a tea party, morning coffee, or afternoon tea. Designed with both purpose and aesthetics in mind, the stone-lined drainage area ensures proper water flow while adding natural texture and understated charm to this peaceful outdoor oasis. Parking is never an issue here, with an extra-long driveway, a circular drive, and an inset parking pad in front. Located in the highly desired Ironwood Plantation, just minutes from the heart of Madison, this neighborhood includes a community pool and clubhouse. With acceptable offer, sellers are willing to leave refrigerator, washer & dryer,swing bed, backyard fountain and custom drapery throughout the home. New roof 2024
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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
Exterior Features
- Foundation: Slab
- Roof Material: Metal
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
- -$1,938
- Cap Rate
- 3.0%
- Cash-on-Cash Return
- -11.8%
- Debt Coverage Ratio
- 0.52
- Internal Rate of Return (5 years)
- -7.4%
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:
| $859,900 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$687,920 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $171,980 |
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:
| $25,797 |
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:
| $197,777 |
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:
| $687,920 |
|---|---|
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:
| $4,069 |
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:
| $4,808 |
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. | -$4,069 | -$48,828 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $1,938 | $23,256 |