$4,900,000
Investment Summary
We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.
- Monthly Cash Flow
- -$15,727
- Cap Rate
- 1.8%
- Cash-on-Cash Return
- -16.7%
- Debt Coverage Ratio
- 0.32
- Internal Rate of Return (5 years)
- -12.2%
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
NEW PRICE REDUCTION! EXQUISITE MEDITERRANEAN BAYFRONT VILLA IN THE CAYS! Welcome to one of the largest and most distinguished custom waterfront estates in The Cays. This 4 story south-facing Mediterranean villa offers unparalleled luxury with 4 oversized bedroom en suites, with 5th optional bedroom, 5.5 bathrooms, and a pristine new private boat dock for 2 boats and water toys. The open-concept living area features a Tuscan-style stone fireplace, creating a warm ambiance in the living and dining areas. A separate room is perfect for formal dining or entertaining. The gourmet kitchen is a chef’s dream with granite counters, Viking appliances, double ovens, warming drawer, large island with prep sink, and rich custom cabinetry, all with breathtaking water views. The main level includes a bedroom suite with private balcony. Upstairs, the primary en suite offers panoramic water views, a stone fireplace, and spa-like bathroom with marble counters, a jetted tub, steam shower, and dry sauna. The lower level has a versatile office en suite that can be a 5th bedroom en suite, wine cellar, laundry room, and ample storage. New epoxy-coated subterranean 3-car garage includes a tandem space for a golf cart or extra car. A wood-paneled elevator with a marble floor connects all 4 levels, leading to the rooftop terrace with breathtaking panoramic views of the bay, ocean, Coronado Bridge, & hills, complete with hot tub. Hardwood and travertine floors throughout, new windows & sliding doors, enhance this home’s elegance. NEW PRICE REDUCTION! EXQUISITE MEDITERRANEAN BAYFRONT VILLA IN THE CAYS! Welcome to one of the largest and most distinguished custom waterfront estates in The Cays, offering unparalleled luxury and breathtaking views. This exquisite 4 story south-facing Mediterranean villa spans multiple levels, featuring 4 generously sized bedrooms, with 5th optional bedroom, 5.5 beautifully appointed bathrooms, and a private and pristine new boat dock to accommodate up to 2 boats, along with additional space for water toys. The Main level boasts an open-concept living area with a striking Tuscan-style stone fireplace, creating a warm and inviting ambiance in both the living room and dining area. Separate formal dining room provides an ideal setting for entertaining, while the gourmet chef’s kitchen, complete with granite countertops, Viking appliances, double ovens, a warming drawer, and a large island with a prep sink—all surrounded by custom wood cabinetry and offering spectacular water views. On the main floor, you'll find a tremendous bedroom en suite with its own private balcony.. The second floor features an elegant primary ensuite with beautiful stone fireplace, and private balcony with water views. The spa-inspired ensuite bath is an oasis, featuring marble countertops, dual sinks, jetted tub, a steam shower, and a separate dry sauna. There are also two additional luxurious bedroom ensuites on this floor. The lower level offers a versatile office space that can easily be converted into a 5th bedroom with an ensuite bathroom, along with a wine cellar, laundry room, and ample storage throughout. The new, epoxy-coated 3-car subterranean garage includes one tandem space for an extra car or golf cart. A beautiful wood-paneled elevator with marble floor connects all four levels, leading to the rooftop terrace, where you can soak in panoramic views of the bay, ocean, Coronado Bridge, and hills. The rooftop features a hot tub and plenty of space for relaxation and entertaining. Throughout the home, you'll find luxurious hardwood and travertine flooring, along with newly installed windows and sliding doors that enhance the home’s elegant design and take full advantage of the spectacular views. This is your chance to embrace the luxurious waterfront lifestyle you've always dreamed of in a home that perfectly blends opulence, comfort, and breathtaking vistas.
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Location
Property Details
Parking
- Description: Garage
- Details: Attached
- Garage Spaces: 3
- Spaces Total: 3
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 5
- # of Baths (Partial): 1
- # of Baths (Total): 6.0
Interior Features
- # of Stories: 4
- Fireplace: Yes
Exterior Features
- Roof Material: Composition
HOA
- Has HOA: Yes
- Association: CAYS
- HOA Fee: $474/monthly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 6150816000
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Mediterranean/Spanish
- Year Built: 1987
Tax Information
- Annual Tax: $0
Utilities
- Water & Sewer: Public
- Heating: Forced Air, Natural Gas
- Cooling: Central Air
Location
- County: San Diego
Listing Details
Investment Summary
We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.
- Monthly Cash Flow
- -$15,727
- Cap Rate
- 1.8%
- Cash-on-Cash Return
- -16.7%
- Debt Coverage Ratio
- 0.32
- Internal Rate of Return (5 years)
- -12.2%
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:
| $4,900,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$3,920,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $980,000 |
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:
| $147,000 |
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:
| $1,127,000 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 4,930 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $994 |
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:
| $2.33 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $3,920,000 |
|---|---|
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:
| $23,188 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $0 |
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:
| $805 |
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:
| $23,993 |
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:
| $11,500 | $138,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$690 | -$8,280 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $10,810 | $129,720 |
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.
We noticed that property taxes are missing—these are standard expenses and should be considered in your estimate. | n/a | n/a | n/a |
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% | -$805 | -$9,660 |
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% | -$920 | -$11,040 |
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% | -$575 | -$6,900 |
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% | -$575 | -$6,900 |
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. | 4% | -$474 | -$5,688 |
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 | 29% | -$3,349 | -$40,188 |
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:
| $7,461 | $89,532 |
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. | -$23,188 | -$278,256 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$15,727 | -$188,724 |