$750,000
Investment Summary
- Monthly Cash Flow
- -$3,738
- Cap Rate
- -0.3%
- Cash-on-Cash Return
- -26.0%
- Debt Coverage Ratio
- -0.05
- Internal Rate of Return (5 years)
- -21.1%
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
Located in the highly sought-after Grove addition, this stately Cotswold (or Tudor) architecture-inspired residence offers timeless charm, elegance, and ample space for both relaxation and entertainment. The 1.7 acre property is surrounded by meticulously landscaped grounds with mature trees and features a large, open backyard perfect for family activities and gatherings, hosting a wedding reception or private relaxation. The heart of the home is a spacious kitchen, boasting abundant built-in cabinetry, high-end Sub Zero appliances which includes a matching wine fridge and refrigerator, a Wolf double oven, and a central island with a Wolf cook top makes it perfect for cooking and social gatherings. A butler's pantry adds convenience for hosting and organization. Thoughtfully designed, it is equipped with a convenient swinging door, which connects to the formal dining room, facilitating effortless entertaining. The living room invites you to relax with a large wood-burning fireplace, ideal for cozy evenings. Both the family and living rooms feature narrow French doors that open to a serene stone patio, seamlessly blending indoor and outdoor living. The dining room, living room and family room are connected by doors that can be left open or closed, offering a versatile layout that allows for both an open, flowing pattern and intimate, private settings as desired. The main floor has expansive 6-foot hallways, enhancing the flow and grandeur of the home. For work or quiet retreat, the main floor office is a standout with custom-built cherry wood bookcases on all four walls. This home offers the unique advantage of stacked hallway closets on both the first and second floors, thoughtfully designed to accommodate a future elevator installation. Upstairs is accessed by 2 staircases and a 5-foot hallway that leads to 5 generously sized bedrooms, a nursery and a rec room with built-in shelving. The built-in beds in bedrooms 3 and 4 with built-in cabinetry are heated by the central heating system. The 5th bedroom offers a 10' x 6' closet with built-in chestnut wood features and a 11' x 15' dressing room with all built-in cabinets, offering plenty of room for organizing your wardrobe. Full unfinished basement ready for finishing includes a 2nd wood burning fireplace and a 2nd W/D area. This home is built with solid concrete and steel construction, offering exceptional durability, insulation and soundproofing. Both the first and second floors feature 22 inches of reinforced concrete, providing unmatched structural integrity and stability. This construction method ensures lasting strength and peace of mind. Included is a spacious 40' x 70' walk-up attic with a fully floored area, offering excellent storage or potential for future expansion. An attic fan provides ventilation, while the existing layout makes it easier to incorporate ductwork for central air installation if desired. This lovely home also features a 3 car attached garage adding both practicality and easy access. Conveniently located in the heart of Starved Rock Country and the destination town of Utica, you'll live in a beautiful area with many opportunities for hiking, biking, exploring historical sites, entertainment and great dining. Don't miss your chance to own this incredible home where every detail has been thoughtfully crafted and awaiting your love and warmth. Qualified buyers only! 24 hour notice needed!
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Location
Property Details
Parking
- Details: Concrete, Garage Door Opener, Heated Garage, Garage, On Site, Attached
- Garage Spaces: 3
- Spaces Total: 3
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Partial): 1
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 13
- # of Stories: 2
- Basement: Yes
- Basement Description: Sump Pump, Unfinished, Full
- Fireplace: Yes
Exterior Features
- Roof Material: Slate
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential (Assumed)
Lot Information
- Parcel ID: 1709407008
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 1930
Tax Information
- Annual Tax: $17,176
Utilities
- Water & Sewer: Public
- Heating: Natural Gas, Steam
- Cooling: Ceiling Fan(s), Whole House Fan, Wall Unit(s)
Location
- County: La Salle
Listing Details
Investment Summary
- Monthly Cash Flow
- -$3,738
- Cap Rate
- -0.3%
- Cash-on-Cash Return
- -26.0%
- Debt Coverage Ratio
- -0.05
- Internal Rate of Return (5 years)
- -21.1%
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:
| $750,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$600,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $150,000 |
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:
| $22,500 |
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:
| $172,500 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 5,954 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $126 |
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:
| $0.30 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $600,000 |
|---|---|
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:
| $3,549 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,431 |
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:
| $126 |
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:
| $5,106 |
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:
| $1,800 | $21,600 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$108 | -$1,296 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $1,692 | $20,304 |
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. | 80% | -$1,431 | -$17,176 |
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% | -$126 | -$1,512 |
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% | -$144 | -$1,728 |
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% | -$90 | -$1,080 |
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% | -$90 | -$1,080 |
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. | n/a | n/a | n/a |
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 | 105% | -$1,881 | -$22,576 |
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:
| -$189 | -$2,268 |
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. | -$3,549 | -$42,588 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$3,738 | -$44,856 |