$1,735,000
Investment Summary
- Monthly Cash Flow
- -$3,585
- Cap Rate
- 3.2%
- Cash-on-Cash Return
- -10.8%
- Debt Coverage Ratio
- 0.56
- Internal Rate of Return (5 years)
- -6.4%
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
Only one of its kind in Blackstone!!! Semi Custom Toll Bro luxury home in the prestigious guard gated golf course community. So many upgrades & options - to name a few - OWNED solar 52 panels, 3 AC units - one added just for master suite, custom iron entry door, 12' ceilings w/ transom windows t/o (custom upgrade), wood flooring, stone electric fireplace wall, Wolf/Sub Zero appliances, upgraded stacked kitchen cabinets, cabinets w/ roll out shelving, Taj Mahl Quartzite countertops (highest upgrade), plantation shutters, 20,000 gallon heated Pebbletec pool, gas firepit, outdoor kitchen, bocce ball area, lg patio, split 3 car over-sized garage w/ storage & epoxy coated floors, mature trees & shrubs & tons of travertine. Lots of added storage. Exterior freshly painted. Mtn views from back. Toll Brothers Semi Custom in Blackstone Country Club 31023 N. 117th Dr Peoria AZ 85383 3836 sq ft 3 bedroom, 3.5 bath Added Options and Upgrades: *Kitchen - *SubZero Wolf appliances - 48" built-in Jenn Air refrigerator and 48" dbl oven with 6 burner gas cooktop and griddle, Wolf built-in microwave *Top of line Quartzite island and countertops in Taj Mahal *42" raised panel upgraded cabinetry with stacked lighted display cabinets *Cabinets are soft close with upgraded door construction and roll out shelves at all bottom cabinets *Cast iron white undermount Kohler sink *Subway tile backsplash *Lazy Susan *RO System *Custom 12x9 custom pantry with adjoining 7x12 storage room lined in shelving *Added transom windows under cabinets *Under cabinet ribbon lighting Great Room - *Ceiling to floor stone wall with electric fireplace *Bar with leathered Quartzite countertop & roll out shelving plus SubZero Bev Fridge *Sonos surround system *Secondary bathrooms - *All sinks are upgraded to undermount, subway tile surrounds at both tub/showers to ceiling *Cast iron white tubs, Toto Toilets *Upgraded Quartz countertops *Upgraded wood medicine cabinets to match cabinets Laundry Room - White Subway backsplash *Added 42" white raised panel cabinets *Added door from master closet to laundry room *Designer floor tile *Master bath - *Separate soaking tub and large tiled shower *Custom floor to ceiling rain glass window behind tub *Upgraded undermount sinks *Custom mirrors *Custom backsplash to ceiling at both vanities *Roll out cabinets *Added seated makeup/vanity *Huge walk-in closet with Classy Closet system *Raised 12' ceilings throughout except for baths and laundry rooms (Only Aracena model in community with 12' flat raised ceilings - custom change) *Custom Iron Entry Door with Sidelites *Wood Flooring throughout except for baths, pantry and laundry rooms *Solid Core Interior Doors *Designer light fixtures, Chandeliers and ceiling fans throughout *Ceiling fans in every room *Plantation Shutters throughout *Smart home - features many items voice controlled including thermostats, lighting, music, landscape lighting, irrigation, pool and water features, Ramada lighting, garage doors, and more. Garage - *Extra large/wide 3 Car split garage *4 foot extension on each garage *Epoxy floors 4-step epoxy finish *Gas hot water heater with recirculation. *Raised 12' ceilings - custom upgrade ($25k 6 years ago) *Ceiling storage racks *Side Service door Misc: Added gas lines, hose bibs, floor outlet in great room, raised weeps on back patio, custom pantry, 2 - 12x20 sliding glass doors at great room, so it above kitchen cabinets, two backsplash transom windows at kitchen, moved island for more space between counters, wing wall in powder room, additional a/c unit, custom changes to master shower Front yard with paver courtyard - custom lighting at portico and garages Artificial turf, added pavers including driveway, mature tree and shrubs, added rain gutters, prewired for speakers Front and Back watering system on timer Backyard - Unobstructed mountain views - HUGE 17,000+ sq ft lot Oversized 12'x32' covered patio with over 2000 sq ft of Silver Plata travertine and over 1500 sq ft of synthetic turf, a 24'x16' covered ramada/outdoor kitchen outfitted with Kitchenaid stainless steel 59,000 btu 5-burner grill, 26,000 btu double side burner and large stainless sink with running water. Custom 20,000 gallon heated Pebbletec abalone-shell pool with in-floor cleaning system, Intellichem automated pool chemical system, Pentair equipment, three 4' sheer decent water features and three pop-up bubblers in the oversized Baja step, with 16'x24" travertine coping. Energy E icient - *2X6 construction * OWNED SOLAR 52 Panasonic panels *Added 3rd a/c unit at build for Master bedroom & bath *Entire exterior sheathed in wood (rare in AZ) *Cathedral foam attic insulation *Tinted window film on sliders, front door, hall windows and front bedroom windows *Nest thermostats *Soft water system *Added rain gutters at back of house *Added so its in kitchen *Custom barn door masterbed/bath *Niche lighting *Wood ceiling at enrty Most Upgrades were done post close
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Location
Property Details
Parking
- Description: Dir Entry frm Garage, Electric Door Opener, Extnded Lngth Garage, Over Height Garage, Side Vehicle Entry
- Details: Garage Door Opener, Garage Faces Side
- Garage Spaces: 3
- Spaces Total: 2
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Total): 4.0
Interior Features
- # of Stories: 1
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Roof Material: Tile
- Pool: Yes
- Pool Community: Yes
- Solar Panels: Yes
HOA
- Has HOA: Yes
- Association: Blackstone HOA
- HOA Fee: $648/quarterly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 50381862
- Lot Size: 17051 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 2018
Tax Information
- Annual Tax: $5,656
Utilities
- Water & Sewer: Public
- Heating: ENERGY STAR Qualified Equipment, Natural Gas, Ceiling
- Cooling: Central Air, Ceiling Fan(s), ENERGY STAR Qualified Equipment
Location
- County: Maricopa
Listing Details
Investment Summary
- Monthly Cash Flow
- -$3,585
- Cap Rate
- 3.2%
- Cash-on-Cash Return
- -10.8%
- Debt Coverage Ratio
- 0.56
- Internal Rate of Return (5 years)
- -6.4%
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:
| $1,735,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,388,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $347,000 |
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:
| $52,050 |
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:
| $399,050 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,836 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $452 |
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:
| $2.01 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,388,000 |
|---|---|
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:
| $8,211 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $471 |
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:
| $539 |
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:
| $9,221 |
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:
| $7,700 | $92,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$462 | -$5,544 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $7,238 | $86,856 |
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. | 6% | -$471 | -$5,656 |
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% | -$539 | -$6,468 |
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% | -$616 | -$7,392 |
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% | -$385 | -$4,620 |
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% | -$385 | -$4,620 |
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% | -$216 | -$2,592 |
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 | 34% | -$2,612 | -$31,348 |
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:
| $4,626 | $55,512 |
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. | -$8,211 | -$98,532 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $3,585 | $43,020 |