$818,999
Investment Summary
- Monthly Cash Flow
- -$2,030
- Cap Rate
- 2.7%
- Cash-on-Cash Return
- -12.9%
- Debt Coverage Ratio
- 0.48
- Internal Rate of Return (5 years)
- -8.5%
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
Experience luxury living at its finest in this stately and timeless residence tucked within the prestigious, gated Woods of Ivanhoe community. Nestled on a hillside lot, on a quiet cul-de-sac street, this exquisite brick and stucco two-story home combines classic elegance with modern functionality - offering over 5600 square feet of thoughtfully designed living space across three finished levels. The superior craftsmanship and thoughtful details are unmistakable. Rich OAK hardwood floors, tall ceilings, custom millwork and stone work create a warm and inviting atmosphere. Step inside a welcoming foyer that effortlessly sets the tone for what's to come. The rich OAK hardwood floors stretch across the first floor, leading you to a handsome home office or den, complete with custom built-in cabinetry - the perfect space for an executive workspace, cozy library, or quiet retreat. The heart of the home is the expansive living room, where a stunning limestone fireplace becomes the natural gathering point. Generous windows frame views of the beautiful outdoors. The kitchen is a true showstopper - designed for both the passionate chef and the enthusiastic host. Professional-grade appliances include a Viking stove/oven with a Viking hood, a KitchenAid refrigerator (2020), KitchenAid dishwasher (2025), and a double bowl stainless steel sink with a new garbage disposal (2022), all anchored by an expansive island ideal for meal prep, casual dining, or evening cocktails with friends. Granite countertops and rich cherry cabinetry add warmth and sophistication. The kitchen flows seamlessly into the living room and a spacious breakfast room, which opens onto a deck-blurring the lines between indoor comfort and outdoor living. For ease of entertaining, you'll find a wet bar with a wine fridge conveniently located between the kitchen and the formal dining room - perfect for gathering before a dinner party or serving guests during celebrations. Tucked away on the main level is a spacious first-floor primary suite. The luxurious en suite bathroom features a Victoria + Albert soaking tub, separate walk-in shower, marble floors, double vanities with custom cabinetry, and a generously sized walk-in closet. Also on the first floor is a thoughtfully designed laundry room equipped with a GE washer (2020) and Electrolux dryer (2007), a practical mudroom with additional storage, and access to a deep two-car garage - complete with extra space for storage and even room to park a golf cart, ideal for life in the Ivanhoe Club community. Upstairs, you'll find three additional bright & spacious bedrooms, all with walk-in closets. A large hall bath with double vanities serves these rooms. The lower walkout level is truly amazing. A centrally located hardwood staircase connects all three floors, leading to a finished basement rich in rustic old-world charm. Exposed stone and tile set the tone for the pub-style bar, perfect for entertaining. The lower level offers a spacious family room with a stone fireplace, a large recreational area for games, gatherings, or movie nights, and abundant storage. There's also a full bath on this level and ample room to add a fifth bedroom, playroom, second home office or fitness studio, if desired. Just outside, a lovely slate patio off the walkout basement provides an additional outdoor living area, Outside, the beauty continues. Mature trees, natural stone accents, and colorful perennials create a backyard sanctuary. An elevated deck off the breakfast room provides the perfect perch for enjoying morning coffee or sunset cocktails, while the professionally landscaped hillside yard offers space to garden, entertain, or simply relax in nature's beauty. Located within the gated Ivanhoe Club community, this home offers not just a residence, but a lifestyle.
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Location
Property Details
Parking
- Description: Attached, Garage, Garage On-Site
- Details: Concrete, Garage Door Opener, On Site, Attached, Garage
- Garage Spaces: 2
- Spaces Total: 2
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 11
- # of Stories: 2
- Basement: Yes
- Basement Description: Finished, Partially Finished, Exterior Entry, Storage Space, Walk-Up Access, Walk-Out Access
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Brick
- Foundation: Concrete Perimeter
- Roof Material: Shake
HOA
- Has HOA: Yes
- HOA Fee: $874/quarterly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 1022101021
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Traditional
- Year Built: 2005
Tax Information
- Annual Tax: $15,755
Utilities
- Water & Sewer: Shared Well
- Heating: Natural Gas
- Cooling: Central Air
Location
- County: Lake
Listing Details
Investment Summary
- Monthly Cash Flow
- -$2,030
- Cap Rate
- 2.7%
- Cash-on-Cash Return
- -12.9%
- Debt Coverage Ratio
- 0.48
- Internal Rate of Return (5 years)
- -8.5%
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:
| $818,999 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$655,199 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $163,800 |
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:
| $24,570 |
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:
| $188,370 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 5,609 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $146 |
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:
| $0.89 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $655,199 |
|---|---|
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:
| $3,876 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,313 |
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:
| $350 |
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:
| $5,539 |
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:
| $5,000 | $60,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$300 | -$3,600 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,700 | $56,400 |
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. | 26% | -$1,313 | -$15,755 |
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% | -$350 | -$4,200 |
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% | -$400 | -$4,800 |
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% | -$250 | -$3,000 |
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% | -$250 | -$3,000 |
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% | -$291 | -$3,492 |
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 | 57% | -$2,854 | -$34,247 |
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:
| $1,846 | $22,152 |
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. | -$3,876 | -$46,512 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $2,030 | $24,360 |