$1,599,000
Investment Summary
- Monthly Cash Flow
- -$3,660
- Cap Rate
- 2.9%
- Cash-on-Cash Return
- -11.9%
- Debt Coverage Ratio
- 0.52
- Internal Rate of Return (5 years)
- -7.6%
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
Sellers offering 1% towards closing costs, rate buydown or prepaids. You won't find a more luxurious home with this many upgrades for under $2,000,000 in all of Queen Creek!! This one-of-a-kind property stands apart from the entire Valley. Offering nearly 5,000 total square feet of sophisticated living including a main residence, separate casita, and a fully independent guest home built in 2016! This estate offers hundreds of thousands in upgrades, Including New flooring throughout ($25k), Primary bathroom Remodel (25k), Newer paint inside & out ($12k), The casita has been fully renovated, guest bathroom remodel (8k), upgraded turf in the front & back ($26k), and so much more! This home also features a 5.5 garage, 2 RV gates, and plenty of parking all situated on a sprawling 35,000 sf lot The 3,583 sf split-floorplan main home features 4 bedrooms, 3 baths, a 3-car garage, and a 344 sf casita with a private entrance is perfect for multigenerational living or guest accommodations. The 997 sf detached guest home is a sanctuary in its own right, offering a full-size kitchen, great room, large bedroom, separate laundry, and its own patio a true retreat for extended family or guests. Situated in the highly desirable community of Sonoqui Creek Ranch-County Park Estates, this estate provides a rare combination of space, luxury, and flexibility. The motor court, hidden behind a commercial-grade electronic gate, includes an RV parking pad a thoughtful addition for those with specialized vehicle storage needs. The entry invites you into the main home's sophisticated interior. To the right lies a versatile sitting room or office, while a formal dining area to the left sets the scene for elegant entertaining. The home's rich architectural details, new carpets in the bedrooms, and new ceiling fans create a refined and comfortable ambiance. The great room seamlessly transitions into the chef's kitchen a true culinary masterpiece. Here you'll find Knotty, granite countertops, a dramatic island with seating and storage, and a charming breakfast nook adorned by a reclaimed wood wall perfect for casual dining. The master suite is a restful sanctuary featuring a $25,000 Remodel includes separate vanities, a walk-in shower, a private water closet, and a huge walk-in custom "safe room" a clever blend of luxury and practicality. The opposite side of the home comprises 3 generously sized bedrooms, 2 full bathrooms, and a well-equipped laundry room with utility sink and abundant storage. Outside, a 500 sf covered patio provides a perfect view of the pool, spa, children's play area, and so much more, all surrounded by mature landscaping costing over $25,000. The separate guest home's 285 sf patio offers its own private refuge with stunning mountain views. For the car enthusiast, the extended-height, length, and fully finished garages, complete with slat wall, epoxy flooring, storage, swamp coolers, and extensive cabinetry, are a dream come true. This remarkable estate comes fully equipped with hundreds of thousands in upgrades and a range of desirable extras, including 3 refrigerators, 2 washer and dryer sets, 11 wall-mounted Smart TVs, a 12-camera security system, a charming courtyard gazebo, and a custom shed with air compressor all designed to provide a sophisticated, move-in ready lifestyle.
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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, Side Vehicle Entry, Temp Controlled, RV Access/Parking
- Details: RV Access/Parking, Garage Door Opener, Direct Access, Garage Faces Side
- Garage Spaces: 5
- Spaces Total: 10
Bedroom Information
- # of Bedrooms: 6
Bathroom Information
- # of Baths (Total): 5.0
Interior Features
- # of Rooms: 12
- # of Stories: 1
Exterior Features
- Exterior Walls Materials: Wood
- Roof Material: Tile
- Pool: Yes
HOA
- Has HOA: Yes
- Association: Sonoqui Creek Ranch
- HOA Fee: $316/quarterly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 30490641
- Lot Size: 35003 sqft
Property Information
- Property Type: Single Family Residence
- Style: Santa Barbara/Tuscan
- Year Built: 2005
Tax Information
- Annual Tax: $5,677
Utilities
- Water & Sewer: Public
- Heating: Electric
- Cooling: Central Air, Ceiling Fan(s)
Location
- County: Maricopa
Listing Details
Investment Summary
- Monthly Cash Flow
- -$3,660
- Cap Rate
- 2.9%
- Cash-on-Cash Return
- -11.9%
- Debt Coverage Ratio
- 0.52
- Internal Rate of Return (5 years)
- -7.6%
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:
| $1,599,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,279,200 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $319,800 |
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:
| $47,970 |
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:
| $367,770 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 4,924 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $325 |
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:
| $1.32 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,279,200 |
|---|---|
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:
| 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:
| $7,567 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $473 |
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:
| $455 |
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:
| $8,495 |
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:
| $6,500 | $78,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$390 | -$4,680 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $6,110 | $73,320 |
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. | 7% | -$473 | -$5,677 |
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% | -$455 | -$5,460 |
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% | -$520 | -$6,240 |
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% | -$325 | -$3,900 |
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% | -$325 | -$3,900 |
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. | 2% | -$105 | -$1,260 |
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 | 34% | -$2,203 | -$26,437 |
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:
| $3,907 | $46,884 |
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. | -$7,567 | -$90,804 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$3,660 | -$43,920 |