$5,695,000
Investment Summary
- Monthly Cash Flow
- -$25,207
- Cap Rate
- 1.0%
- Cash-on-Cash Return
- -23.1%
- Debt Coverage Ratio
- 0.15
- Internal Rate of Return (5 years)
- -18.3%
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
Experience the pinnacle of outdoor living on 1.43 acres in the Spruce Meadows Estate Community! Sellers are building a dream entertainment zone, featuring an accessory building with RV garage, pool house-lounge with full bar, bathroom, additional option for a golf simulator – all centered around a spectacular pool and spa. This will be the ultimate playground for family and friends. Inviting front porch leads to stunning grand entry foyer. Expansive living area features dramatic two story ceiling, walnut hardwood floors, linear fireplace accent wall, hidden pop-up under floor tv lift, Lutron automated blinds lighting system, full home Sonos audio system, freshly painted interior. Wall of glass doors flows out to extensive covered deck with drop down tv hookup, creating a seamless indoor-outdoor experience. Showstopping chef's kitchen has huge center island, Thermador range with handy pot-filler, double dishwashers, icemaker. Private study, secluded guest suite, large laundry-mudroom with built-in storage cubbies, dog shower, and guest half bath round out the main level. Upper level offers a luxurious primary suite with spa-bath featuring free-standing soaking tub, multi-head steam shower, heated floors, huge walk-in closet, and private deck, two additional bedrooms suites, second laundry, large loft could also be built out as another bed-bath. Walk-out lower level has spacious entertainment and game room areas, full wet bar, built-in wine feature wall, linear fireplace, sliding doors to private backyard patio retreat with gas firepit, water feature, hot tub, plus exercise room with adjacent spa bath featuring sauna, heated floors, walk-in steam shower. Guest room, guest powder bath, storage room complete the lower level. Oversize attached 5 car garage has high ceilings, EV charging, epoxy floor, built in cabinets, counters, shelving and overhead storage. Large, fenced backyard also features new half court basketball-pickleball court. Luxury living at its finest.
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Location
Property Details
Parking
- Description: Heated Garage, Oversized
- Details: Circular Driveway, Concrete, Electric Vehicle Charging Station(s), Heated Garage, Oversized, RV Garage, Storage, Attached
- Garage Spaces: 11
- Spaces Total: 11
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Partial): 2
- # of Baths (Total): 8.0
Interior Features
- # of Rooms: 27
- # of Stories: 2
- Basement: Yes
- Basement Description: Sump Pump, Finished, Full, Walk-Out Access
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Roof Type: Gable or Hip
- Roof Material: Concrete
HOA
- Has HOA: Yes
- Association: Spruce Meadows Homeowners Association, Inc.
- HOA Fee: $1,000/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 157308402036
- Lot Size: 62290 sqft
Property Information
- Property Type: Single Family Residence
- Style: Mountain Contemporary
- Year Built: 2015
Tax Information
- Annual Tax: $25,842
Utilities
- Water & Sewer: Public
- Heating: Forced Air, Natural Gas
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Broomfield
Listing Details
Investment Summary
- Monthly Cash Flow
- -$25,207
- Cap Rate
- 1.0%
- Cash-on-Cash Return
- -23.1%
- Debt Coverage Ratio
- 0.15
- Internal Rate of Return (5 years)
- -18.3%
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:
| $5,695,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$4,556,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $1,139,000 |
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:
| $170,850 |
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:
| $1,309,850 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 7,275 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $783 |
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:
| $1.35 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $4,556,000 |
|---|---|
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:
| 6.810% |
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:
| $29,732 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $2,154 |
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:
| $686 |
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:
| $32,572 |
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:
| $9,800 | $117,600 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$588 | -$7,056 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $9,212 | $110,544 |
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. | 22% | -$2,154 | -$25,842 |
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% | -$686 | -$8,232 |
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% | -$784 | -$9,408 |
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% | -$490 | -$5,880 |
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% | -$490 | -$5,880 |
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. | 1% | -$83 | -$996 |
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 | 48% | -$4,687 | -$56,238 |
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:
| $4,525 | $54,300 |
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. | -$29,732 | -$356,784 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $25,207 | $302,484 |