$1,400,000
Investment Summary
- Monthly Cash Flow
- -$2,698
- Cap Rate
- 3.4%
- Cash-on-Cash Return
- -10.1%
- Debt Coverage Ratio
- 0.59
- Internal Rate of Return (5 years)
- -5.7%
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
Tucked away on a quiet cul-de-sac in the heart of the Orchards, this extraordinary modern farmhouse blends architectural beauty with thoughtful functionality and rustic elegance. Set on a sprawling 35,282 square foot irrigated equestrian lot, this custom-designed basement home invites you into a lifestyle where luxury meets tranquility. With over 20 mature citrus and fruit trees, the grounds are alive with natural beauty, and the expansive outdoor pavilion encourages year-round entertaining with its steel cantilever patio cover, lush landscaping, and spa-ready setup, complete with an outdoor shower. Graceful, sweeping lines of steel, glass, and wood create a seamless indoor-outdoor connection. Multiple walls of windows open to the lush backyard, where a large covered patio, spa, custom fencing, raised gardens, and a 20'x30' shade canopy extend the home's livable space. The resort-style pool is a true showstopper, offering a perfect blend of luxury and fun. A stunning grotto waterfall creates a serene, tropical ambiance, while the hidden waterslide behind it adds an element of excitement for all ages. The pool also features a luxurious swim-up bar, allowing guests to enjoy refreshing drinks and snacks without ever leaving the water. Adjacent to the pool is a sunken, covered outdoor kitchen, an entertainer's dream. Outfitted with a high-end grill and ample counter space, this area is designed for outdoor cooking and gatherings. Bar stools line the counter, providing casual seating for guests to relax and mingle while staying connected to the poolside fun. Surrounded by lush landscaping and expansive deck space, this backyard is the epitome of resort-style living, offering year-round enjoyment under the Arizona sun. The gourmet kitchen is a true showpiece remodeled in 2016 with custom concrete countertops, floating wood and steel shelving, Wolf appliances, and a pass-through steel window bar. Entertain guests in the adjacent dining and family rooms where hand-laid adobe brick, a steel I-beam mantel, and custom lighting deliver warm ambiance and bold character. Designed with flexibility and comfort in mind, the 5-bedroom, 5-bath floor plan includes a fully finished basement with a second family/game room, two large bedrooms with walk-in closets, a spa-like bathroom, and a potential second laundry. The primary suite is a retreat of its own, featuring romantic elements like a brick accent wall, crystal chandelier over a clawfoot tub, authentic barn wood, dual shower heads, and large walk-in closet with a built-in safe. Car enthusiasts, hobbyists, or remote workers will fall in love with the 57'x22' air-conditioned RV garage, featuring a 16'x14' WIFI-operated door, a steel floating staircase to a loft game room with additional storage, and a private office with frameless glass windows and its own bath. A separate 3-car garage and covered carport complete the motor court, all secured by a custom steel gate. This home is a rare fusion of form and function, where every upgrade, from the all-steel framing and spray foam insulation to the EcoBee thermostats, central vacuum system, and 20 SEER RV garage A/C, was selected with intention. Located minutes from the Town of Queen Creek's schools, shopping, and entertainment, and offering stunning San Tan Mountain views, this one-of-a-kind home brings modern luxury to a rural oasis. Adventure, serenity, and craftsmanship converge here, your dream lifestyle starts now!
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Location
Property Details
Parking
- Description: Attch'd Gar Cabinets, Dir Entry frm Garage, Electric Door Opener, Extnded Lngth Garage, Over Height Garage, RV Gate, Separate Strge Area, RV Access/Parking, RV Garage
- Details: RV Access/Parking, Garage Door Opener, Direct Access, Detached, RV Garage
- Garage Spaces: 8
- Spaces Total: 12
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Total): 5.0
Interior Features
- # of Stories: 1
- Basement: Yes
- Basement Description: Finished
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Wood
- Roof Material: Metal
- Pool: Yes
HOA
- Has HOA: Yes
- Association: Orchard Ranchettes
- HOA Fee: $697/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 30491208
- Lot Size: 35282 sqft
Property Information
- Property Type: Single Family Residence
- Style: Other
- Year Built: 2000
Tax Information
- Annual Tax: $4,339
Utilities
- Water & Sewer: Public
- Heating: Electric
- Cooling: Central Air, Ceiling Fan(s)
Location
- County: Maricopa
Listing Details
Investment Summary
- Monthly Cash Flow
- -$2,698
- Cap Rate
- 3.4%
- Cash-on-Cash Return
- -10.1%
- Debt Coverage Ratio
- 0.59
- Internal Rate of Return (5 years)
- -5.7%
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:
| $1,400,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,120,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $280,000 |
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:
| $42,000 |
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:
| $322,000 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,837 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $365 |
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:
| $1.64 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,120,000 |
|---|---|
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:
| $6,625 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $362 |
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:
| $441 |
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:
| $7,428 |
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:
| $6,300 | $75,600 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$378 | -$4,536 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $5,922 | $71,064 |
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% | -$362 | -$4,339 |
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% | -$441 | -$5,292 |
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% | -$504 | -$6,048 |
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% | -$315 | -$3,780 |
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% | -$315 | -$3,780 |
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. | 1% | -$58 | -$696 |
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 | 32% | -$1,995 | -$23,935 |
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:
| $3,927 | $47,124 |
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. | -$6,625 | -$79,500 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $2,698 | $32,376 |