$2,699,000
Investment Summary
- Monthly Cash Flow
- -$10,883
- Cap Rate
- 1.4%
- Cash-on-Cash Return
- -21.0%
- Debt Coverage Ratio
- 0.23
- Internal Rate of Return (5 years)
- -16.3%
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
Resort-Style Luxury Meets Designer Living in Bocara's Premier Camelot Home! Welcome to the coveted gated community of Bocara, where timeless architecture meets relaxed Arizona luxury. This impeccably maintained Camelot home offers nearly 4,500 square feet of living space, with premium post-build upgrades, designer finishes, and elegance woven into every space. Crafted for both relaxation and entertaining, the shaded private courtyard is a peaceful prelude to the home's interior. As you step through the Canterra wrought iron and glass front door, you're welcomed into a warm and sophisticated space, where custom-crafted hardwood floors in a soft grey hue and the ambient lighting set the tone throughout. Airy and elegant, the open-concept floor plan invites connection while exuding timeless sophistication. Anchoring the expansive great room, a custom stone Isokern fireplace creates a striking focal point, perfectly framed by a wall of glass that blurs the line between indoor comfort and outdoor serenity. Designed to impress and built to perform, the chef's kitchen features a striking quartz island with bar seating, Thermador appliances, wine storage, and refrigerated drawers surrounded by custom cabinetry. A spacious walk-in pantry, under-cabinet lighting, and distinctive crown molding enhance both beauty and efficiency. Smart upgrades like Control4 automation, upgraded electrical, and custom surround sound add comfort and convenience at every turn. The sophisticated home office combines performance and polish, featuring custom cabinetry that offers smart, streamlined storage. Soft-stained hardwood floors bring a sense of understated refinement, setting a professional tone that's both comfortable and conducive to productivity. Created to inspire indulgent relaxation, the main-level primary suite offers a generous sitting area, direct backyard access through elegant French doors, a lavish spa bath with dual vanities, a steam-ready walk-in shower, a deep soaking tub, and a custom closet that feels like a private boutique. Separated from the primary suite for added privacy, two large en suite bedrooms on the main level provide comfortable accommodations with their own private baths. Upstairs, you will find a generous loft, fourth bedroom, and full bath and large storage closet. With its flexible layout and thoughtful design, this upper-level retreat offers privacy and comfort for extended stays or evolving household needs. Whether used as an in-law suite, guest quarters, or a quiet space for teens or live-in help, it's a versatile extension of the home that adapts seamlessly to modern living. Perfect for guests, extended family, or a private home office, the guest casita offers both comfort and flexibility. With its own separate entrance, full en suite bath, and stylish finishes, it provides a secluded space that feels like a mini retreat. Whether you're hosting overnight visitors, creating a quiet workspace, or setting up a studio, this versatile casita blends independence with luxurymaking it an exceptional extension of the home. Throughout the home, solid interior doors, custom baseboards and trim, designer window treatments including wood shutters and motorized pirouettes, and upgraded A/C units reflect a meticulous attention to quality. Step outside to your personal resort, where curated landscape design, a misting system, and twinkling rope lights transform every evening into something magical. Cool off or heat things up in the sparkling pool, featuring an electric heater and chiller along with a gas heater for the winter months, soothing water features, a sun-soaked baja shelf, and a built-in spa for the ultimate in backyard luxury. Entertain in the outdoor dining area, with built-in firepit and stainless steel drop-in coolers, or unwind on the travertine patio with remote-controlled awnings and outdoor roller shades. Additional highlights include a built-in BBQ, drip irrigation, easy-to-maintain turf, and a private putting greenperfect for relaxing afternoons or sharpening your short game in style. The oversized laundry room adds everyday convenience with upper and lower cabinets, a utility sink, and ample workspace. Keep your belongings organized and out of sight! There will be plenty of space in the three-car tandem garage with epoxy-coated floors and built-in cabinetry or in the smart storage tucked neatly under the stairs. Owned solar panels and upgraded mechanical systems provide year-round efficiency and long-term peace of mind. Located on one of Bocara's largest lots, this home offers both privacy and access to a vibrant, intimate community of just 50 homes. Enjoy tree-lined streets, a central park, playground, and community gardenall just minutes from Scottsdale's best shopping, dining, healthcare, schools, golf, and hiking trails. Move-in ready and better than new, this Camelot masterpiece delivers the perfect blend of luxury, lifestyle, and location.
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Location
Property Details
Parking
- Description: Garage
- Details: Garage Door Opener, Direct Access, Common
- Garage Spaces: 2
- Spaces Total: 2
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Total): 6.0
Interior Features
- # of Rooms: 8
- # of Stories: 1
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Roof Material: Tile
- Pool: Yes
HOA
- Has HOA: Yes
- Association: Bocara Homeowners As
- HOA Fee: $170/monthly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 21206380
- Lot Size: 12163 sqft
Property Information
- Property Type: Single Family Residence
- Style: Santa Barbara/Tuscan
- Year Built: 2016
Tax Information
- Annual Tax: $6,145
Utilities
- Water & Sewer: Public
- Heating: Electric, Natural Gas
- Cooling: Central Air, Ceiling Fan(s)
Location
- County: Maricopa
Listing Details
Investment Summary
- Monthly Cash Flow
- -$10,883
- Cap Rate
- 1.4%
- Cash-on-Cash Return
- -21.0%
- Debt Coverage Ratio
- 0.23
- Internal Rate of Return (5 years)
- -16.3%
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:
| $2,699,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$2,159,200 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $539,800 |
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:
| $80,970 |
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:
| $620,770 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 4,462 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $605 |
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:
| $1.28 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $2,159,200 |
|---|---|
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:
| 6.840% |
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:
| $14,134 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $512 |
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:
| $399 |
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:
| $15,045 |
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:
| $5,700 | $68,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$342 | -$4,104 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $5,358 | $64,296 |
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. | 9% | -$512 | -$6,145 |
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% | -$399 | -$4,788 |
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% | -$456 | -$5,472 |
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% | -$285 | -$3,420 |
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% | -$285 | -$3,420 |
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% | -$170 | -$2,040 |
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 | 37% | -$2,107 | -$25,285 |
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:
| $3,251 | $39,012 |
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. | -$14,134 | -$169,608 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $10,883 | $130,596 |