$3,999,999
Investment Summary
- Monthly Cash Flow
- -$13,160
- Cap Rate
- 1.7%
- Cash-on-Cash Return
- -17.2%
- Debt Coverage Ratio
- 0.30
- Internal Rate of Return (5 years)
- -12.6%
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
Welcome to this stunning **FULLY-FURNISHED TURNKEY** resort-style residence in the guard-gated community of Whitewing at Germann that offers the ultimate in luxury living and entertainment, while also being perfectly suited for multi-generational living. Nestled in the heart of Gilbert, this one-of-a-kind property, located in a gated and guarded community, is designed for those who love to entertain, relax, and create lasting memories with family and friends. **Key Features:** **Entertainer's Paradise:** The expansive 140 feet of built-in backyard entertainment space is unmatched, featuring 2 luxurious spas, a sparkling pool, and multiple seating areas perfect for intimate conversations or large gatherings. The outdoor kitchen is a chef's dream, offering ample space for large barbecues and unforgettable al fresco dining under the Arizona skies. **Owner's Suite:** 1,200 sq. ft. of private living with custom **dual** walk-in closets, a separate spacious TV/exercise room, and 16-ft. bathroom ceilings. **Second Primary Suite:** En-suite bedroom with a spacious layout and 700 additional sq. ft. added, including a private sitting area and walk-in closet, separate from the primary bedroom wing. **Casita:** Beautifully remodeled into a baker's dream, featuring a gourmet kitchen, abundant cabinetry, soaring 10-foot ceilings, and 700 square feet of fully livable spacecomplete with washer and dryer hookups, making it ideal for separate living quarters. **Impressive Game Room:** With 12 TVs, this game room is like no other, complete with ceiling-mounted televisions, a video arcade room, gaming tables, and a 16-foot bar with ample seatingperfect for entertaining or watching sports with friends. **Private Wine Room:** Wine enthusiasts will love the custom wine room, a sophisticated space designed to showcase and store your collection. **Home Theater:** Movie lovers will be in awe of the professionally designed Dolby Atmos home theater, offering an immersive cinematic experience for family movie nights or private screenings. Sixth bedroom is currently utilized as the home theater. **Multi-Generational Living:** Thoughtfully designed to accommodate multi-generational families, this home offers ample space and privacy for everyone. Whether you're hosting extended family or accommodating live-in caregivers, this home provides the flexibility and comfort you need. **Expansive Side Yard & 4-Car Garage / Pool House Plans:** The property includes fully permitted and approved plans for additional garage space and a pool houseideal for storing recreational vehicles and entertaining. The expansive side yard offers endless possibilities for customization. **Three-Car Garage:** Offers 800 sq. ft. of climate-controlled, insulated space with a separate 5-ton AC unitgreat for supercars or keeping vehicles cool through the summer. Also includes audio/video setup and epoxy floors, making it suitable for entertaining. Also available to convey: 2022 Evolution Forester Electric 6-Seat Off-Road Golf Cart (listed on a separate bill of sale upon successful COE). **Prime Location in Gilbert:** Only 2 miles from the 202 freeway and SanTan Village shopping area. Located minutes from the 272-acre Gilbert Regional Park, close to beautiful lakes for recreation, extensive hiking trails, and just 3 hours from Mexico and 2.5 hours from Arizona's mountain retreats. This home offers the perfect balance of serenity and accessibility. --- This exceptional property is a rare findoffering the best of indoor and outdoor living, a wealth of entertainment options, and multi-generational flexibility, all in a highly sought-after Gilbert location. **Don't miss this opportunity to own your dream home!** **Home to convey fully furnished.**
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Location
Property Details
Parking
- Description: Dir Entry frm Garage, RV Gate, Side Vehicle Entry, Temp Controlled
- Details: Garage Door Opener
- Garage Spaces: 3
- Spaces Total: 5
Bedroom Information
- # of Bedrooms: 6
Bathroom Information
- # of Baths (Total): 7.0
Interior Features
- # of Rooms: 1
- # of Stories: 1
- Basement: Yes
- Basement Description: Finished, Full
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Roof Material: Tile
- Pool: Yes
HOA
- Has HOA: Yes
- Association: Whitewing at Germann
- HOA Fee: $379/monthly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 30459636
- Lot Size: 21510 sqft
Property Information
- Property Type: Single Family Residence
- Style: Contemporary
- Year Built: 2019
Tax Information
- Annual Tax: $8,191
Utilities
- Water & Sewer: Public
- Heating: Electric
- Cooling: Central Air
Location
- County: Maricopa
Listing Details
Investment Summary
- Monthly Cash Flow
- -$13,160
- Cap Rate
- 1.7%
- Cash-on-Cash Return
- -17.2%
- Debt Coverage Ratio
- 0.30
- Internal Rate of Return (5 years)
- -12.6%
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:
| $3,999,999 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$3,199,999 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $800,000 |
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:
| $120,000 |
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:
| $920,000 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 7,018 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $570 |
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:
| $1.41 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $3,199,999 |
|---|---|
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:
| $18,929 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $683 |
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:
| $693 |
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:
| $20,305 |
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:
| $9,900 | $118,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$594 | -$7,128 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $9,306 | $111,672 |
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% | -$683 | -$8,191 |
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% | -$693 | -$8,316 |
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% | -$792 | -$9,504 |
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% | -$495 | -$5,940 |
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% | -$495 | -$5,940 |
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% | -$379 | -$4,548 |
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 | 36% | -$3,537 | -$42,439 |
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:
| $5,769 | $69,228 |
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. | -$18,929 | -$227,148 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$13,160 | -$157,920 |