$555,000
Investment Summary
- Monthly Cash Flow
- -$757
- Cap Rate
- 4.6%
- Cash-on-Cash Return
- -7.1%
- Debt Coverage Ratio
- 0.74
- Internal Rate of Return (5 years)
- -2.9%
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
Charming Lakeside Retreat Just Steps from the Water! Welcome to your dream getaway! This immaculate two-bedroom, two-bath home is perfectly situated just steps away from the crystal clear waters of the lake and a brand-new dock. With a spacious and open floor plan, offering a toal of 2884 sq ft, 1702 sq ft of heated living space, this charming residence offers endless possibilities for relaxation and entertainment. As you enter the great room you'll be greeted by sun-drenched living spaces featuring soaring ceilings, floor to ceiling windows and massive stone fireplace with beautiful gas logs. The open concept great room flows seamlessly into a well-appointed kitchen with newer stainless appliances making it ideal for hosting family and friends. Enjoy peaceful mornings on the expansive deck with new composite decking and stlylish hogwire railing. The two generous bedrooms provide ample space for rest and rejuvenation, while the two full baths ensure convenience for all guests. The over-sized loft is fantastic and offers additional sleeping or living space. The garage is already prepped with sheetrock and would be an easy conversion to a gameroom, bonus living area or even a third bedroom! The yard is beautifully landscaped offering mulitiple areas to relax and enjoy Lake Arrowhead's abundant wildlife. Unwind by the stone firepit area offering full on lake view while listening to the sounds of the babblig creek that meanders along the back of the property creating a park-like setting. The adorable she shed/workshop enhances the idyllic outdoor atomosphere while offering endless possiblities. Whether you're looking for a weekend retreat, a rental investment, or a permanent residence, this home caters to all your needs. The lake is perfect for boating, fishing, kayaking and paddle boarding. With its prime location and pristine condition, this Creekside/Lakeside home is a rare find. DonCOt miss your chance to make this enchanting property your own! Schedule a showing today and start living the lake life you have always dreamed of! Full House Generator with transferrable warranty. 1000 Propane Tank. New Roof and Water Heater. Fabulous Amenities. Gated Lake & Golf Community. 24 Hour Security.
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Location
Property Details
Parking
- Description: Garage
- Details: Garage
- Garage Spaces: 0
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 2
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Total): 0.0
Interior Features
- # of Stories: 2
- Basement Description: None
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Fiber cement siding (Hardi-board/Hardi-plank
- Foundation: Slab
- Roof Type: Gable
- Roof Material: Composition
HOA
- Has HOA: Yes
- HOA Fee: $2,556/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 22N1611087
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: A-frame
- Year Built: 2005
Tax Information
- Annual Tax: $736
Utilities
- Water & Sewer: Private
- Heating: Electric, Heat Pump
- Cooling: Ceiling Fan(s), Electric
Location
- County: Cherokee
Listing Details
Investment Summary
- Monthly Cash Flow
- -$757
- Cap Rate
- 4.6%
- Cash-on-Cash Return
- -7.1%
- Debt Coverage Ratio
- 0.74
- Internal Rate of Return (5 years)
- -2.9%
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:
| $555,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$444,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $111,000 |
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:
| $16,650 |
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:
| $127,650 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 1,702 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $326 |
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:
| $2.06 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $444,000 |
|---|---|
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:
| $2,898 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $61 |
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:
| $245 |
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:
| $3,204 |
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:
| $3,500 | $42,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$210 | -$2,520 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,290 | $39,480 |
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. | 2% | -$61 | -$736 |
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% | -$245 | -$2,940 |
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% | -$280 | -$3,360 |
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% | -$175 | -$2,100 |
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% | -$175 | -$2,100 |
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. | 6% | -$213 | -$2,556 |
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 | 33% | -$1,149 | -$13,792 |
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:
| $2,141 | $25,692 |
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. | -$2,898 | -$34,776 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $757 | $9,084 |