$2,999,999
Investment Summary
- Monthly Cash Flow
- -$11,399
- Cap Rate
- 1.1%
- Cash-on-Cash Return
- -19.8%
- Debt Coverage Ratio
- 0.20
- Internal Rate of Return (5 years)
- -15.1%
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
120 Acre Estate built in 1990; 4 bed; 4.1 (main house). 2nd Pin: 2315361000050000 @ 27243 S Stoney Island - 55 farm acres (does have a double wide mobile home on the property). 3rd Pin: 2315351000070000 @ 27241 S Stoney Island - 1.44 homesite acres 1.44 and 8.56 farm acres; total of 10 acres; house is 2065SF w/full basement; built in 1990 (guest house). The main house at 27249 is a 4BD/4.1BA ranch home at 5014 sq ft. w/partial, unfinished basement of 1751SF and attached 3-car GA. Each bedroom w/its own private bath. The master bed/bath has a 2-sided fireplace and a backyard view that is exquisite! The power blinds open to view the 2 koi ponds, pool, and hot tub/gazebo. From the master, access the basement and deck via private entrances. The master bath has separate sinks, makeup counter, built-in custom cabinetry, a steam shower, and 2 person jetted tub (w/a fireplace view!). Living room has vaulted ceilings that are approx. 27' and the home's SECOND double-sided fireplace w/the 2nd side opening to the dining room. The kitchen was created for a chef - yes, a chef in the family! Double ovens, stove tops, dishwashers, and refrigerators plus a WALK-IN COOLER in the walk-in pantry! Don't forget to check out the RO faucet & ice maker. Front of the home has a brand new deck. In the back of the house 2 koi ponds, BBQ spit, inground pool, hot tub, fire pit, and a 4-season changing view w/wildlife. Private showings will get to learn about the exclusive plant feeding system available! Across from the main house is 27241 (guest house). It's a 2065SF 3BD/2BA home w/full, unfinished basement, & attached 2.5 car garage. Back deck is sprawling and private, overlooking a sea of greenspace. The third dwelling at the rear of the property is 27241. It's an approximately 1800SF mobile home - 3BD/2BA. The estate boasts 120 total acres, an equine barn and show arena, 20 stalls with heated Nelson waterers ($900/each!), hay racks, and blanket racks . One birthing stall and all others have removable panels to create more. Leader ropes on almost every stall, 2 tack rooms, restroom, shower area for horses, temperature controlled viewing area w/private office & kitchenette. Be sure to ask about the insect prevention system available for the horses when you have your private showing. Each of the three homes has its own whole house generator as does the equine barn and show arena. There are multiple other buildings including the 1905 red barn; a maintenance building w/multiple high door garage bays; a pump house for 1 of 3 wells; a playhouse w/2 lofts and a kitchenette w/wall of cabinets; 3 horse paddocks and 8 other outdoor fencing areas; and an area they call the nursery that they have trees planted. Many fruit trees around the property plus a small vineyard and asparagus garden. 40-tillable acres. 2 ponds - one is 17 acres. Private firing range w/berm. There is a transferable home warranty for the three homes to the buyer. This property has been a gentleman's farm all the years that this owner has been there. TOTAL PRIVACY with land on both sides & rear being a farm allows this opportunity to remain the same OR would be perfect for any corporate resort or wedding venue. THIS INFO IS FOR THE MAIN HOUSE AT 27249 S. STONEY ISLAND. Please see notes for details. INCLUDED AS ONE SALE. Fridge in playhouse and horse barn along with washer/dryer do not stay. Roof on red barn: 2015; main house: 2016; trailer: 2022; 1 paddock: 2021. All three lots are zoned A1 and sold AS IS
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Location
Property Details
Parking
- Description: Unassigned, Driveway
- Details: Gravel, Garage Door Opener, Heated Garage, Garage, On Site, Attached, Detached, Unassigned, Driveway
- Garage Spaces: 5
- Spaces Total: 105
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Partial): 1
- # of Baths (Total): 5.0
Interior Features
- # of Rooms: 9
- Basement: Yes
- Basement Description: Sump Pump, Unfinished, Storage Space, Partial
- Fireplace: Yes
Exterior Features
- Foundation: Concrete Perimeter
- Roof Material: Asphalt
Land Information
- Land Use: Residential
- Land Use Subtype: Rural/Agricultural
Lot Information
- Parcel ID: 231536100006
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 1990
Tax Information
- Annual Tax: $31,004
Utilities
- Water & Sewer: Well
- Heating: Natural Gas
- Cooling: Ceiling Fan(s), Central Air, Zoned
Location
- County: Will
Listing Details
Investment Summary
- Monthly Cash Flow
- -$11,399
- Cap Rate
- 1.1%
- Cash-on-Cash Return
- -19.8%
- Debt Coverage Ratio
- 0.20
- Internal Rate of Return (5 years)
- -15.1%
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:
| $2,999,999 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$2,399,999 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $600,000 |
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:
| $90,000 |
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:
| $690,000 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 5,014 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $598 |
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:
| $1.56 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $2,399,999 |
|---|---|
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:
| $14,197 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $2,584 |
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:
| $546 |
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:
| $17,327 |
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:
| $7,800 | $93,600 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$468 | -$5,616 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $7,332 | $87,984 |
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. | 33% | -$2,584 | -$31,005 |
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% | -$546 | -$6,552 |
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% | -$624 | -$7,488 |
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% | -$390 | -$4,680 |
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% | -$390 | -$4,680 |
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 | 58% | -$4,534 | -$54,405 |
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:
| $2,798 | $33,576 |
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. | -$14,197 | -$170,364 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$11,399 | -$136,788 |