$3,490,000
Investment Summary
- Monthly Cash Flow
- -$14,208
- Cap Rate
- 0.8%
- Cash-on-Cash Return
- -21.2%
- Debt Coverage Ratio
- 0.14
- Internal Rate of Return (5 years)
- -16.5%
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
Nestled in the prestigious Old Farm neighborhood, this stunning Craftsman-style estate offers an unparalleled blend of luxury, privacy, and timeless design. A true sanctuary, this builder's own home showcases impeccable craftsmanship and thoughtful details that enhance both beauty and livability, inside and out. Situated on more than an acre of private, pristine land, this estate offers resort-style living, in a home that exudes luxury, comfort, and joy. Imagine arriving home each day to this stunning residence, stepping through exquisitely crafted interiors to expansive covered patios outside where a custom freeform saltwater pool and spa await-complete with multiple sun shelves, elegant decorative lighting, and mesmerizing Luminair fountains. Your private retreat includes meticulously landscaped lawns and gardens, a pickleball court, a fire pit lounge, a playground, and sprawling lawns framed by mature trees, rock walls, and wrought iron fencing. A private gate at the rear provides RV access and storage, seamlessly adorning the neighboring open space with its Mediterranean-style estate and equestrian grounds. Inside your oasis, the luxury living is even better with expansive main-floor living complemented by soaring vaulted and coffered ceilings, beautiful floors and windows, intricate trimwork, and inviting spaces all around in an abundance of natural light. The grand entryway leads to a formal living area and two executive offices outfitted with custom built-in desks, cabinets, and shelving. Two distinct family living rooms provide both entertainment and relaxation, while exquisite details-including chair rails, wainscoting, board and batten, decorative columns, and backlit glass display shelving-instill an atmosphere of refinement. Luxury engineered hardwood floors extend throughout the common areas, with plush high-end carpeting lending warmth to the bedrooms. The gourmet kitchen is a masterpiece, crowned by a dramatic barrel-vaulted ceiling and outfitted with professional-grade Wolf appliances, a custom-paneled refrigerator-freezer, a stunning quartz island, and abundant cabinetry and counterspace. A formal dining area and spacious butler's pantry enhance its elegance and practicality. The upper level offers additional private bedroom suites including one with its own entrance above the four-car garage, functioning as an Accessory Dwelling Unit-ideal for guests, extended family, or a personal wellness retreat. This space features a dedicated exercise room with a Tonal training system and a steam sauna. State-of-the-art smart home technology ensures effortless convenience, including a Vivant security system, embedded Frame TVs, a hybrid Nest-controlled five-zone HVAC system, whole-home surround sound with a VSSL multi-channel music controller, double oversized water heaters with a recirculating system, a full-house soft water system, and reverse osmosis water filtration for the kitchen and pot filler. At night, a Gemstone under-eave lighting system casts a soft, customizable glow over the home. Rarely does a property of this caliber become available in such a sought-after location. A residence of true distinction, offering privacy, elegance, and an exceptional lifestyle-all within minutes of the best the area has to offer.
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Location
Property Details
Parking
- Description: Garage
- Details: Attached
- Garage Spaces: 4
- Spaces Total: 4
Bedroom Information
- # of Bedrooms: 7
Bathroom Information
- # of Baths (Full): 1
- # of Baths (Partial): 1
- # of Baths (Total): 7.0
Interior Features
- # of Rooms: 22
- # of Stories: 2
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Roof Material: Tile
- Pool: Yes
HOA
- Has HOA: Yes
- HOA Fee: $1,500/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: WOFE2A
- Lot Size: 48351 sqft
Property Information
- Property Type: Single Family Residence
- Style: Stories: 2
- Year Built: 2016
Tax Information
- Annual Tax: $8,059
Utilities
- Heating: Central, Natural Gas, Electric
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Washington
Listing Details
Investment Summary
- Monthly Cash Flow
- -$14,208
- Cap Rate
- 0.8%
- Cash-on-Cash Return
- -21.2%
- Debt Coverage Ratio
- 0.14
- Internal Rate of Return (5 years)
- -16.5%
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:
| $3,490,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$2,792,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $698,000 |
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:
| $104,700 |
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:
| $802,700 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 7,412 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $471 |
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:
| $0.61 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $2,792,000 |
|---|---|
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:
| $16,516 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $672 |
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:
| $17,503 |
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. | 15% | -$672 | -$8,059 |
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. | 3% | -$125 | -$1,500 |
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 | 43% | -$1,922 | -$23,059 |
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:
| $2,308 | $27,696 |
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. | -$16,516 | -$198,192 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $14,208 | $170,496 |