$2,299,000
Investment Summary
We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.
- Monthly Cash Flow
- -$7,453
- Cap Rate
- 2.2%
- Cash-on-Cash Return
- -16.9%
- Debt Coverage Ratio
- 0.36
- Internal Rate of Return (5 years)
- -12.4%
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
A Rare Single-Story Estate with Panoramic Views on just over 1.5 acres. Ask about assumable 1st Deed VA loan at 2.25%. Qualifications apply. Close to $300,000 in professional landscaping. The solar/battery combination generates enough electricity throughout the year to run the house, heat the pool and provide credits when the weather is inclement. Tucked away on a cul-de-sac shared by only three residences, this 2020 Lennar-built masterpiece rests on a sprawling approx. 1.53 acre lot, gracefully elevated to capture breathtaking panoramic vistas and complete serenity. See suppl. below... Designed for those who value both luxury and tranquility, this residence offers expansive, professionally landscaped grounds designed to impress, offering the ultimate in resort-style living. A custom-designed salt water pool and spa anchor the outdoor oasis, and the bespoke fire pit with built-in seating for 30 creates an extraordinary space for grand-scale entertaining. A pergola provides an elegant retreat for shaded lounging, and a designer outdoor kitchen island on wheels allows for seamless, elevated al fresco dining. For added convenience the property also features a custom-built secondary access with gated entry and steps along the side of the home—a thoughtful design element enhancing both flow and function. Enter through the grand front door into an expansive, tall ceiling and light-filled floorplan where refined design meets contemporary luxury. At the center of the home lies a striking great room, framed by disappearing glass walls that blur the boundaries between interior and exterior living. Just beyond, a chic California room complete with a cozy fireplace and outdoor TV, motorized remote controlled window treatment blind offers ability to further enclose this outdoor room and provides shade. Similar window treatment at cascading doors in living room. The chef’s kitchen is a true showpiece, featuring top-of-the-line stainless steel appliances, an enormous quartz slab island with premium finishes, and abundant custom cabinetry. A butler’s pantry and walk-in pantry further elevate the culinary experience. Adjacent, the dining area is bathed in natural light from floor-to-ceiling windows, framing captivating views of the lush landscape and rolling hills beyond. With four luxurious ensuite bedrooms and an extra room currently used as an office but could be an art room, media room, gym or yoga studio…this home is the epitome of elevated comfort. Elegant crown molding frame the primary bedroom suite, barn door entry into the sumptuous bathroom with dual vanities a freestanding soaker tub, large frameless shower enclosure and sprawling walk in closet. California Closet custom built-ins in living room, primary bedroom suite and garage. The home boasts numerous smart home features and include additional upgrades such as voice controlled thermostat, tankless water heater, ring video door bell system, paid solar panels which also heat the pool and self cleaning pool robots. The fully fenced yard is also pre-wired for further gas and electric connectivity. Artificial grass dog potty pad or use to place storage unit.Tesla batteries in garage and pre-wire for electric/hybrid vehicle charging station, generator conveys with home. The solar/battery combination generates enough electricity throughout the year to run the house, heat the pool and provide credits when the weather is inclement. LED light package, dual AC zones, alarm system, post-tension foundation, fire sprinklers throughout and low energy dual-pane vinyl windows, ceilings fans in every room. Whether hosting guests or enjoying peaceful solitude, every detail has been curated for a lifestyle of refinement and ease. The amenities of Harmony Grove Village truly make enjoying the outdoors as part of your life. The Grove resort style pool, spa, clubhouse and grilling areas for year round amusement. Explore in the 3 public parks, a dog park and 5 neighborhood parks, 2 miles of scenic multi-use trails for hiking , biking, jogging or even horseback riding. Discover a harmonious balance of elegance, comfort and peaceful living, schedule your private tour of this remarkable home today.
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Location
Property Details
Parking
- Description: Garage
- Details: Garage Door Opener, Attached
- Garage Spaces: 3
- Spaces Total: 7
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Partial): 1
- # of Baths (Total): 5.0
Interior Features
- # of Stories: 1
- Fireplace: Yes
Exterior Features
- Roof Material: Concrete
- Pool: Yes
HOA
- Has HOA: Yes
- HOA Fee: $244/monthly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 2356201800
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Mediterranean/Spanish
- Year Built: 2020
Tax Information
- Annual Tax: $0
Utilities
- Heating: Fireplace(s), Forced Air, Natural Gas, Solar
- Cooling: Zoned, Central Air, Dual
Location
- County: San Diego
Listing Details
Investment Summary
We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.
- Monthly Cash Flow
- -$7,453
- Cap Rate
- 2.2%
- Cash-on-Cash Return
- -16.9%
- Debt Coverage Ratio
- 0.36
- Internal Rate of Return (5 years)
- -12.4%
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:
| $2,299,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,839,200 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $459,800 |
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:
| $68,970 |
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:
| $528,770 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,829 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $600 |
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:
| $1.67 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,839,200 |
|---|---|
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:
| 6.500% |
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:
| $11,625 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $0 |
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:
| $448 |
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:
| $12,073 |
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:
| $6,400 | $76,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$384 | -$4,608 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $6,016 | $72,192 |
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.
We noticed that property taxes are missing—these are standard expenses and should be considered in your estimate. | n/a | n/a | n/a |
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% | -$448 | -$5,376 |
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% | -$512 | -$6,144 |
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% | -$320 | -$3,840 |
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% | -$320 | -$3,840 |
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. | 4% | -$244 | -$2,928 |
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 | 29% | -$1,844 | -$22,128 |
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:
| $4,172 | $50,064 |
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. | -$11,625 | -$139,500 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $7,453 | $89,436 |