$974,900
Investment Summary
- Monthly Cash Flow
- -$3,013
- Cap Rate
- 2.6%
- Cash-on-Cash Return
- -16.1%
- Debt Coverage Ratio
- 0.41
- Internal Rate of Return (5 years)
- -11.6%
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
No need to look at new construction homes—this home is just like BRAND NEW but even BETTER! Imagine snagging a LIKE NEW home that's just like a MODEL decked out with every high-end upgrade you can dream of along with a professionally landscaped front & backyard AND a new pool, spa and outdoor kitchen with a ramada! Completely TURNKEY, nothing you need to do other than move in! Perfectly positioned on a cul-de-sac lot in the highly desired community of Terravella! Enjoy the cozy front porch entry with views of the park just across the street. From the moment you step inside, you'll appreciate the abundance of upgrades and designer touches throughout! (more...) The kitchen is INCREDIBLE showcasing high end "Mist" color maple cabinetry that extends to the ceiling with glass upper doors, soft-close drawers & doors, pots & pans drawer, custom hardware, Chef GE Monogram appliances including 48" slide-in gas range, double ovens, 48" built-in side by side refrigerator with water & ice dispenser and a built in Summit dual wine refrigerator. Quartz counters, custom tile backsplash, under cabinet lighting with light rail, custom hood, HUGE island custom upgraded to match the cabinetry, tons of barstool seating, pot filler, Blanco farmhouse sink with a motion wave faucet, R/O system, butler's pantry and a walk-in pantry for all your storage needs! The Primary Suite is truly a luxurious retreat featuring ship lap accent walls and a designer closet with a custom-built island full of drawers & shelves, perfect for keeping everything organized. The primary bathroom is spacious and offers a spa-like experience complete with a Voss rain shower head, a comfort height toilet, floating shelves and an added bank of drawers in the vanity. The backyard is expertly designed featuring a pebble tec pool with water features and an oversized baja step, an elevated spa with a water feature that spills into the pool, travertine pavers, outdoor kitchen with a 4 burner grill, refrigerator, drawers, pergola with a fan & lighting, high grade pet friendly turf grass and a gated dog run with access from the laundry room. Additional upgrades/amenities include a custom iron security front door with glass interior door, wood look tile flooring in all the right places, plantation shutters throughout the entire house, upgraded lighting throughout, ceiling fans throughout, Sonos surround sound system with speakers in the living room and backyard patio, epoxy flooring & overhead storage racks in the garage, a water softener system, front and backyard rain gutters, back patio electric screens, holiday light package, Eufy solar security cameras, Adobe alarm system, sun screens on all windows, beautifully designed paver driveway & sidewalk, $26K in custom accent walls & trim work throughout, combo port for internet in 2 bedrooms plus the den and custom double den doors. Enjoy the added benefit of a whole-house water filtration system, along with a separate under-counter reverse osmosis (RO) system for purified drinking water. SUPERSIZED laundry room with tons of cabinetry & counter space perfect for a craft area, workstation, exercise space, etc., laundry room sink, custom hardware and tile backsplash. All of this in a fantastic Queen Creek location! Enjoy tons of shopping, restaurants and entertainment close by - 1 mile to Queen Creek Marketplace, less than 2 miles to AZ Athletic Grounds, 1 mile to the new Aquatic Center, 1.5 miles to DT Queen Creek, 2 miles to the 24 frwy, 1.5 miles to Williams Gateway Airport and just down the street from the upcoming expansion of Desert Horizons Nursery that will include a restaurant, cafe & bakery! Come check it out! This home combines luxury living with convenience and is a rare find!
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Location
Property Details
Parking
- Description: Garage
- Details: Direct Access
- Garage Spaces: 2
- Spaces Total: 2
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Total): 3.0
Interior Features
- # of Stories: 1
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Roof Material: Tile
- Pool: Yes
HOA
- Has HOA: Yes
- Association: Terravella
- HOA Fee: $112/monthly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 31413832
- Lot Size: 8750 sqft
Property Information
- Property Type: Single Family Residence
- Style: Ranch
- Year Built: 2022
Tax Information
- Annual Tax: $2,715
Utilities
- Water & Sewer: Public
- Heating: Natural Gas
- Cooling: Ceiling Fan(s), ENERGY STAR Qualified Equipment
Location
- County: Maricopa
Listing Details
Investment Summary
- Monthly Cash Flow
- -$3,013
- Cap Rate
- 2.6%
- Cash-on-Cash Return
- -16.1%
- Debt Coverage Ratio
- 0.41
- Internal Rate of Return (5 years)
- -11.6%
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:
| $974,900 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$779,920 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $194,980 |
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:
| $29,247 |
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:
| $224,227 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,270 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $298 |
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:
| $1.07 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $779,920 |
|---|---|
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:
| 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:
| $5,090 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $226 |
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:
| $5,561 |
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. | 6% | -$226 | -$2,715 |
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. | 3% | -$112 | -$1,344 |
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% | -$1,213 | -$14,559 |
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:
| $2,077 | $24,924 |
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. | -$5,090 | -$61,080 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $3,013 | $36,156 |