$2,299,500
Investment Summary
- Monthly Cash Flow
- -$6,690
- Cap Rate
- 2.2%
- Cash-on-Cash Return
- -15.2%
- Debt Coverage Ratio
- 0.39
- Internal Rate of Return (5 years)
- -10.7%
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
Breathtaking Luxury Retreat with Panoramic Red Rock Views Discover an architectural masterpiece that seamlessly blends modern luxury w/ breathtaking beauty of nature. This stunning FULLY FURNISHED split-level estate is a rare find, offering an unparalleled combination of contemporary design, premium upgrades,& a setting that will take your breath away. Nestled in the heart of an awe-inspiring landscape, this home is a sanctuary of comfort, elegance, & sophistication, designed for those who appreciate the finer things in life. Unmatched Architectural Beauty & Design . As you step into this extraordinary residence, you are immediately greeted by floor-to-ceiling glass walls in the living room, offering a mesmerizing, unobstructed view of the panoramic Red Rock formations. The interplay of light and space creates an inviting, tranquil ambiance, bathing the home in an abundance of natural light throughout the day. The grandeur of the living space is further amplified by soaring ceilings, sleek architectural lines, and impeccable craftsmanship. Designed with a split-level layout, this home offers both openness and intimacy, allowing for seamless transitions between entertainment areas and private retreats. The massive open and bright Great Room serves as the heart of the home, boasting ample space for relaxation, social gatherings, and quiet moments of reflection. Whether you are hosting an extravagant celebration or enjoying a peaceful evening with loved ones, this residence caters to every lifestyle need. An Entertainer's Paradise Step outside to a stunning exterior oasis, where the beauty of the natural surroundings is enhanced by exquisite landscaping and luxurious amenities. The highlight of this outdoor haven is the exterior hot tub flanked by a dual river water feature, creating a serene, spa-like atmosphere. Imagine unwinding under the starlit sky, enveloped by the soothing sounds of trickling water, as you take in the magnificent Red Rock views. Expansive deck space surrounds the home, offering multiple areas for relaxation and rejuvenation. Whether you prefer sun-soaked lounging or shaded retreats, this property provides the perfect balance of comfort and style. Gather around the fire pit on cool evenings, host al fresco dinners with friends, or simply sip your morning coffee while watching the sunrise over the majestic landscape. A Chef's Dream Kitchen For culinary enthusiasts, the chef's kitchen is nothing short of perfection. Designed with both form and function in mind, it features granite countertops, an oversized island with a built-in cooktop, and top-of-the-line appliances. Custom cabinetry and ample storage ensure a clutter-free space, while modern lighting fixtures add a touch of sophistication. Whether preparing an intimate meal or catering for a large gathering, this kitchen delivers a premium cooking experience. Lavish Primary Suite & Guest Accommodations The spacious primary bedroom suite is a private sanctuary, offering unparalleled comfort and breathtaking views. Wake up to the sight of Red Rock formations bathed in morning light, and retreat in the evening to a luxurious space designed for ultimate relaxation. The ensuite bathroom is a masterpiece in itself, featuring a spa-inspired soaking tub, a sleek walk-in shower, and dual vanities adorned with premium finishes. Guest accommodations have been thoughtfully designed to provide both common and private spaces, ensuring comfort for all. Whether hosting family, friends, or extended guests, everyone will find their own slice of paradise within this home. Additional bedrooms are generously sized, with ample natural light and access to outdoor decks or scenic viewpoints. Luxury Upgrades & Finishing Touches This residence is brimming with upgrades galore, ensuring that no detail has been overlooked. From high-end fixtures and premium flooring to state-of-the-art smart home technology, every element of this home exudes quality and sophistication. Climate control systems, ambient lighting, and energy-efficient features enhance both comfort and sustainability, providing the perfect balance of modern convenience and timeless luxury. A Once-in-a-Lifetime Opportunity A property of this caliber is a rare gem, offering an unparalleled lifestyle experience in one of the most coveted locations. Whether you seek a luxurious retreat, an entertainer's paradise, or a forever home with stunning natural surroundings, this estate delivers on every level. Experience the pinnacle of refined living, where architectural brilliance meets breathtaking landscapes, and luxury meets tranquility. Your dream home awaits. Witness the magnificence of this breathtaking luxury retreat with panoramic Red Rock views. All furnishings, linens, dishes, art are included. 3 excluded items: Peloton bike, coffee maker in kitchen and glass sculpture in primary closet.
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Location
Property Details
Parking
- Details: Garage Door Opener
- Garage Spaces: 2
- Spaces Total: 2
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Total): 5.0
Interior Features
- # of Stories: 2
- Fireplace: Yes
Exterior Features
- Roof Material: Metal, Rolled/Hot Mop
HOA
- Has HOA: Yes
- Association: Trestle Management
- HOA Fee: $667/semi-annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 40173022
- Lot Size: 29384 sqft
Property Information
- Property Type: Single Family Residence
- Style: Contemporary
- Year Built: 1994
Tax Information
- Annual Tax: $7,152
Utilities
- Heating: Natural Gas
- Cooling: Central Air, Ceiling Fan(s)
Location
- County: Coconino
Listing Details
Investment Summary
- Monthly Cash Flow
- -$6,690
- Cap Rate
- 2.2%
- Cash-on-Cash Return
- -15.2%
- Debt Coverage Ratio
- 0.39
- Internal Rate of Return (5 years)
- -10.7%
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:
| $2,299,500 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,839,600 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $459,900 |
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:
| $68,985 |
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:
| $528,885 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 4,228 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $544 |
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:
| $1.68 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,839,600 |
|---|---|
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:
| 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:
| $10,882 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $596 |
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:
| $11,975 |
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. | 8% | -$596 | -$7,152 |
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. | 2% | -$111 | -$1,332 |
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% | -$2,482 | -$29,784 |
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:
| $4,192 | $50,304 |
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. | -$10,882 | -$130,584 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $6,690 | $80,280 |