$1,100,000
Investment Summary
- Monthly Cash Flow
- -$4,175
- 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
The home of your dreams awaits you with this stunning, spacious, luxury home in the highly sought-after Sterling Green neighborhood in Buffalo Grove! This custom colonial includes a two-story addition creating an over 4600 square feet home plus a huge finished basement! Ideally situated on one of the best lots in the entire area with almost a half acre of land right along side of the beautiful Arboreteum golf course...WOW! In addition to the picturesque views of the golf course, the lucky buyer can also enjoy a rarely-found basketball court! This awesome court can additionally be used to play pickleball, volleyball and badminton...so much fun for all! Way too many updates/features to list including brand new roof installed in April, plus updated dual-zoned HVAC with both furnaces, air conditioners, and large capacity water heater all replaced just over 5 years ago. As you enter this luxurious home, you will be immediately impressed by the two-story foyer with formal living and dining rooms on either side. You will then find a huge, two-story family room with stunning, custom brick fireplace plus floor-to ceiling-windows, and recessed lighting. The awesome addition that was later added offers a large sitting room with built in benches, bay windows and sliders leading to the fabulous backyard. Gourmet kitchen boasts center island with beverage cooler, 42 inch cabinets with undermount lighting, beautiful granite countertops, custom tile backsplash, walk-in pantry. This terrific kitchen also has stainless steel appliances including built-in-refrigerator, double oven and separate cooktop, plus a spacious eating area. Adjacent to the vast kitchen, you will be pleased to find a huge laundry room with newer high-efficiency washer/dryer, a utility sink and cabinets for extra storage. There is also a first floor bedroom that is currently being used as an office. So many options in this versatile home! A half bathroom completes this impressive first floor. The second level will not disappoint with a large primary suite offering two huge walk-in closets and a light-and bright bathroom with separate bathtub/shower. This fabulous primary suite also has its own sitting area with more amazing views of the backyard/golf course. The next bedroom is a princess suite which is derived from the second level of the addition. This outstanding bedroom has it's own full, recently updated bathroom, sitting area with bay windows plus sliders leading to a large balcony with yet more serene views of the golf course! The remaining, generously- sized bedrooms each have their own full bathrooms as well creating a total of four full bathrooms on this outstanding upper level! There is also a loft with so many possibilities including additional office space, playroom, or even converting to an additional bedroom for those who may desire. Just when when you think you have seen it all, there is a huge finished basement with even more to offer! Here you will be pleased to find a second kitchen (kitchenette) with breakfast bar, beverage cooler, wine rack, and microwave oven. There is also an exercise room, recreation room, an additional half bathroom plus plenty of room for storage. Every inch of this home was thoughtfully designed to be both beautiful and practical! The exterior of the home is just as fabulous as the interior with in-ground sprinklers, the basketball/pickleball court, two-tiered deck, brick paver patio and of course, the breathtaking views! This must-see space is great for entertaining or relaxing in after a long day. Another rarely-found feature in this area is the attached 3 car garage. Award-winning District 96 and Stevenson HS which are amongst the best in the nation! Close to everything including shopping, restaurants, schools, library, golf clubs, parks, Metra station, the new Clove entertainment area, and the list goes on and on. Better hurry...a rare gem like this with phenomenal schools and so much to offer won't last long!
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Location
Property Details
Parking
- Description: Garage
- Details: Concrete, Garage Door Opener, On Site, Attached, Garage
- Garage Spaces: 3
- Spaces Total: 3
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Total): 6.0
Interior Features
- # of Rooms: 14
- # of Stories: 2
- Basement: Yes
- Basement Description: Sump Pump, Finished, Full
- Fireplace: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 1517306009
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 1990
Tax Information
- Annual Tax: $24,890
Utilities
- Heating: Natural Gas
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Lake
Listing Details
Investment Summary
- Monthly Cash Flow
- -$4,175
- 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:
| $1,100,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$880,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $220,000 |
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:
| $33,000 |
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:
| $253,000 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 4,660 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $236 |
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:
| $0.97 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $880,000 |
|---|---|
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:
| 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:
| $5,206 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $2,074 |
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:
| $315 |
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:
| $7,595 |
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:
| $4,500 | $54,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$270 | -$3,240 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,230 | $50,760 |
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. | 46% | -$2,074 | -$24,890 |
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% | -$315 | -$3,780 |
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% | -$360 | -$4,320 |
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% | -$225 | -$2,700 |
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% | -$225 | -$2,700 |
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 | 71% | -$3,199 | -$38,390 |
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:
| $1,031 | $12,372 |
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. | -$5,206 | -$62,472 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $4,175 | $50,100 |