$899,900
Investment Summary
- Monthly Cash Flow
- -$2,726
- Cap Rate
- 2.0%
- Cash-on-Cash Return
- -15.8%
- Debt Coverage Ratio
- 0.36
- Internal Rate of Return (5 years)
- -11.3%
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 GREENWOOD GLORY! And so it goes, the flowing topography of this gorgeous 15 acre property nestled within a picturesque setting of an open pasture with endless possibilities or just enjoy the WILDLIFE passing through enjoying life; a SHARED LAKE for fishing, swimming or watching countless turtles sunbathing on the shoreline rocks; the tree-lined Sangamon RIVER bordered by the Hillsbury Slough, providing a WOODED CANOPY OF PARADISE for human exploration and creatures of nature to seek safe-haven as they bed down to rest. Every direction you look (see aerial photos) brings peace to your soul and whispers of solitude in this lovely and inviting country setting. Enter on your own PRIVATE WINDING LANE, crossing a QUAINT BRIDGE to this stunning, remodeled home in Greenwood Acres. The Greenwood Glory, resting on its own peninsula-shaped parcel ON THE LAKE, offers 3,075SF of interior living luxury, gifting you with SCENIC VIEWS from almost every window of the breathtaking wooded sanctuary just outside your door. Premium features include RADIANT IN-FLOOR HEAT, GENERAC STANDBY GENERATOR, NATURAL GAS, 3-SEASON SUNROOM, HOT WATER HEAT, 2X6 WALLS, CORIAN KITCHEN COUNTERTOPS, ANDERSON WINDOWS, WALL MOUNTED TOILETS, BIDET, WALL MOUNTED BATHROOM CORIAN VANITIES, PRIVATE WELL, AERATION SEPTIC SYSTEM, DECK, FIREPIT overlooking LAKE and UTILITY SHED with overhead door for mower, lawn tools, etc. Upon entry, be welcomed by a popular OPEN FLOOR PLAN. Highlights of the inviting kitchen immediately catch your attention with a LONG BREAKFAST CORIAN BAR to accommodate 6 with a DUAL SINK; a CORIAN ISLAND with BUILT-IN GAS RANGE and unique, very stylish exhaust vent; an additional PREP SINK; CUSTOM HAND-CRAFTED CABINETS GALORE with PULL-OUT DRAWERS and PANTRY with PULL-OUT DRAWERS all cabinets currently trimmed with red inserts that can be changed to taste. ALL APPLIANCES STAY including WASHER/DRYER and FREEZER! Just off the kitchen is dining area, living room with FIREPLACE and a 3-SEASON SUNROOM set up efficiently with more CUSTOM HAND-CRAFTED CABINETRY and a very stylin' ceiling fan. Continue to be amazed by the unique features upon viewing the three bedrooms and Primary Suite. All ample size and all offering unique BUILT-IN DRESSERS/WARDROBES rarely seen. One bedroom easily serving dual purpose as office/guest room. Full hall bath with DUAL CORIAN WALL-MOUNTED VANITIES and WALL-MOUNTED TOILET. Laundry room conveniently located in hall amongst bedrooms. The Primary is spacious, inviting and picturesque as the WINDOW-LINED WALLS welcome the scenic nature views while inside, allowing for a very restful retreat from the day. Trimmed out by built-in dressers and bath with DUAL CORIAN WALL-MOUNTED VANITIES WALL-MOUNTED TOILET and BIDET, and WALK-IN TILED SHOWER with STEAM! A surprise FLEX ROOM, currently used as an exercise/entertainment room is HUGE and offers countless opportunities for usage. Could be an amazing in-home office, another bedroom by simply adding a closet. Wow, just WOW is the underlying theme of THE GREENWOOD GLORY at Greenwood Acres. Beauty, style and grace, all wrapped up into a beautiful, serene package, someone very lucky will get to call home~
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Location
Property Details
Parking
- Description: Attached Garage
- Details: Concrete, Gravel, Garage Door Opener, On Site, Attached, Garage
- Garage Spaces: 2
- Spaces Total: 2
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Total): 3.0
Interior Features
- # of Rooms: 9
- # of Stories: 1
- Basement Description: None
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Roof Material: Asphalt
Land Information
- Land Use: Residential
- Land Use Subtype: Rural/Agricultural
Lot Information
- Parcel ID: 100221326005
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Ranch
- Year Built: 1989
Tax Information
- Annual Tax: $7,265
Utilities
- Water & Sewer: Well
- Heating: Natural Gas, Forced Air
- Cooling: Central Air
Location
- County: Champaign
Listing Details
Investment Summary
- Monthly Cash Flow
- -$2,726
- Cap Rate
- 2.0%
- Cash-on-Cash Return
- -15.8%
- Debt Coverage Ratio
- 0.36
- Internal Rate of Return (5 years)
- -11.3%
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:
| $899,900 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$719,920 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $179,980 |
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:
| $26,997 |
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:
| $206,977 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,075 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $293 |
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:
| $1.01 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $719,920 |
|---|---|
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:
| $4,259 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $606 |
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:
| $217 |
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:
| $5,082 |
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:
| $3,100 | $37,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$186 | -$2,232 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,914 | $34,968 |
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. | 20% | -$606 | -$7,266 |
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% | -$217 | -$2,604 |
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% | -$248 | -$2,976 |
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% | -$155 | -$1,860 |
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% | -$155 | -$1,860 |
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 | 45% | -$1,381 | -$16,566 |
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:
| $1,533 | $18,396 |
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. | -$4,259 | -$51,108 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $2,726 | $32,712 |