$1,357,000
Investment Summary
- Monthly Cash Flow
- -$2,797
- Cap Rate
- 3.7%
- Cash-on-Cash Return
- -10.8%
- Debt Coverage Ratio
- 0.60
- 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
Discover this extraordinary residence offering exceptional value for the discerning buyer. Welcome to the Award-Winning Tributary Community, renowned for its elegance and prestige. This masterfully designed, four-sided brick estate with striking stone accents is nestled on over one acre of lush private land-an unparalleled opportunity to own one of the finest properties in the area. With No details Spared, this Home fulfills every want and need for the most Discerning Buyer. This Beautifully refined Craftsman-Style residence seamlessly combines Timeless charm with Modern Sophistication. Featuring Elegant upgrades, a state-of-the-art Control 4 Whole Home Automation/Security System, and expansive open spaces designed to meet today's Lifestyle demands with unparalleled Functionality. From the moment you arrive, you're Greeted by meticulously manicured Landscaping, mature trees, and a oversized Rocking Chair Front Porch that sets the tone for the warmth and grandeur inside. Step through the 2-Story Foyer and take in the Flood of Natural Light Dancing off Rich Hardwood Floors and a Sweeping Staircase that sets the scene for Every Level of this Show-Stopping Home. The Formal Dining Rm makes a statement with Wainscoting, Transom Windows, and Direct access to the Front porch via French doors-Perfect for Al Fresco Entertaining or an intimate Evening at home. Just off the dining area, a Handsome Library Wrapped in Wood-Paneled Coffered Ceilings and Flooded with light creates a refined setting for work or relaxation. The heart of the home-the fireside Family Rm and Chef's Kitchen-was designed for effortless entertaining. Soaring vaulted ceilings with exposed beams, a floor-to-ceiling stacked stone fireplace, and an open layout invite gatherings of all sizes. The Kitchen is Truly Gourmet, Boasting Granite Countertops, Custom Cabinetry, a Stone Backsplash and Vent Hood, Wolf and Sub-Zero appliances, a 2nd Prep Sink, Warming Drawer, Beverage Cooler, Ice Maker, and a Walk-in pantry to top it all off. Retreat to the Main-Level Primary Suite, a True Sanctuary with a Private Sitting Area, Bay Windows, Direct Deck Access, and a Spa-Inspired ensuite Bath featuring Dual Vanities, Oversized Jetted Tub, Dual Water Closets, and 2 Spacious Walk-In Closets. Upstairs, find multiple en-suite Bedrooms, a 2nd Laundry Room, Home Office, and a Media Room-all Connected by Sweeping Views of the Foyer and Terrace Below. The Terrace Level is where this home truly shines. A full 2nd Kitchen w/High End Appliances, Food Warmer, Gas Cooktop, and Wine Cellar makes Entertaining Seamless. Step around to the Extravagant Home Theater featuring Multi-Level Seating and Dining bar-Comfortably Seats 12. This terrace level also features an impressive guest en-suite, an additional half bath, fitness room, fireplace sitting area, topping off with a rare find dog spa bath, and multiple walkouts to the resort-style backyard. Step outside to your personal oasis-an in-ground pool with spillover spa and a pond, flagstone detailing, and swim-out bench, surrounded by wrought iron fencing, brick columns, and lanterns, all overlooking a serene creek and wooded backyard. The covered patio extends your living space, complete with outdoor fireplace and additional premium outdoor half bath. A magnificent 6 bedrooms, 5 full baths, 3 half baths, and luxury upgrades including an elevator to all floors, central vacuum, whole-home AV system, 6 fireplaces, 4-zone HVAC (w/ transferable warranty), tray ceilings, mural work, and intricate millwork throughout-this is more than a home, it's a legacy property. This award winning community offers resort-level amenities, walk to cafe and restaurants, clubhouse, fitness center, tennis courts, multiple parks and trails, playgrounds, a collection of resort style pools. All this, just minutes to the the City, mins to airport, major highways, dining, and shopping malls.
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Location
Property Details
Parking
- Description: Attached, Garage Door Opener, Garage, Kitchen Level, Side/Rear Entrance
- Details: Kitchen Level
- Garage Spaces: 0
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 6
Bathroom Information
- # of Baths (Full): 5
- # of Baths (Partial): 3
- # of Baths (Total): 6.5
Interior Features
- # of Stories: 2
- Basement: Yes
- Basement Description: Daylight, Finished, Full, Interior Entry
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Brick
- Foundation: Block
- Roof Type: Gable
- Roof Material: Composition
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 015501500401
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Brick 4 Side, Craftsman, Traditional
- Year Built: 2006
Tax Information
- Annual Tax: $8,934
Utilities
- Water & Sewer: Public
- Heating: Natural Gas, Zoned
- Cooling: Central Air, Zoned
Location
- County: Douglas
Listing Details
Investment Summary
- Monthly Cash Flow
- -$2,797
- Cap Rate
- 3.7%
- Cash-on-Cash Return
- -10.8%
- Debt Coverage Ratio
- 0.60
- 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:
| $1,357,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,085,600 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $271,400 |
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:
| $40,710 |
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:
| $312,110 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 8,886 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $153 |
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:
| $0.80 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,085,600 |
|---|---|
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:
| 6.625% |
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:
| $6,951 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $745 |
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:
| $497 |
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:
| $8,193 |
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:
| $7,100 | $85,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$426 | -$5,112 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $6,674 | $80,088 |
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. | 10% | -$745 | -$8,934 |
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% | -$497 | -$5,964 |
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% | -$568 | -$6,816 |
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% | -$355 | -$4,260 |
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% | -$355 | -$4,260 |
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 | 35% | -$2,520 | -$30,234 |
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:
| $4,154 | $49,848 |
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. | -$6,951 | -$83,412 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $2,797 | $33,564 |