$1,059,900
Investment Summary
- Monthly Cash Flow
- -$3,145
- Cap Rate
- 2.1%
- Cash-on-Cash Return
- -15.5%
- Debt Coverage Ratio
- 0.37
- Internal Rate of Return (5 years)
- -11.0%
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
Gorgeous SW-style home in the Village of Oak Creek - Looking for a turnkey? You've found it! Completed in 2018, this home is well taken care & still feels brand new. Beautiful finishes throughout. Located in the lovely Village Estates neighborhood w/views to Castle Rock & the mesas. Lot is buffered by natural common areas & a red rock wash. Handsome curb appeal as you pull into the large paver driveway w/3-car garage & wood-look garage doors. Stucco home w/stone leger accents freshly painted in Sept 2023. Spacious! Open concept living/dining room + kitchen w/a large island. Home boasts 3 BD + 2.5BA + an office. There is an oversized laundry room w/access to the backyard & garage. 30-day min. rental. Furnishings available to purchase. MORE DETAILS + PHOTO NARRATIVE: ----------------------- 35 BRIELLE LANE HIGHLIGHTS & DETAILS Peaceful tranquility at 35 Brielle Lane! Come enjoy the good life in the golfing community of The Village of Oak Creek. Home is within a mile & a half of three golf courses, community tennis/pickleball courts, quiet hiking trails, restaurants, stores, Clark's Market, and so much more. This home is turnkey and ready for you to just move in, even the furnishings are available to purchase if desired. This contemporary SW-style home is just gorgeous with high quality finishes throughout - Absolute continuity of style is found in the materials top-to-bottom from the flooring to the wood cabinetry to the lighting & tile. The owners just installed (August 2024) brand new waterproof luxury vinyl plank flooring through the whole home. Warm & cozy tones with dense-core construction for optimal noise reduction. Also with new 5" baseboards. Home has neutral earth-tone paint on the walls. 10 foot ceilings & oversized doors. All cabinetry is cherry-stained Maple & all countertops/backsplashes are mottled granite. LIVING ROOM/DINING ROOM -True Great Room layout -Gas fireplace with ledger stone accent wall & floating mantle -Wood blinds -Contemporary light fixtures, recessed lighting & wood blade ceiling fan -Storage closet -Half bath off of living room KITCHEN -Large open kitchen anchored by a huge island with breakfast bar seating for 4-6 -Glass pendant lighting over island -Granite counters & accent wall -Tremendous amount of up & down cupboards made of maple with a cherry stain & crown molding on top - brushed nickel pulls -Stainless steel appliances include Whirlpool double door fridge, Cosmo gas range with 5 burners & hood, Panasonic microwave, & LG dishwasher -Stainless steel double sink w/ disposal & gooseneck faucet -Sink window has mesa views & wood blinds -Large pantry closet PRIMARY BEDROOM with EN SUITE BATHROOM -Located just off of the front entrance hall for maximum privacy -Lit niche area + large bedroom space -Recessed lighting + ceiling fan -Side-by-Side walk-in closets with built-in storage solutions -En suite 3/4 bathroom with maple cabinets, granite counters, double sink vanity, contemporary lighting, step-in shower with natural tile walls -Wired for Bluetooth with ceiling speakers for audio BEDROOMS 2 & 3 -Located on the north facing side of the home with red rock views -Both rooms Jack & Jill to the large full size bathroom -Windows have special noise-reducing pleated blinds -Large closets with lighting -Adjustable-speed ceiling fan in each room -Recessed LED lighting FULL SIZED BATHROOM -Huge bathroom that adjoins to the 2nd & 3rd bedrooms -Jetted soaker tub -Step-in shower with tile walls w/ decorative accent tile -Large L-shape vanity with two sinks & brushed nickel hardware, mirrors & wall lighting features -Maple cabinets with granite counters/backsplash -Wired for Bluetooth with ceiling speakers for audio OFFICE -Located off of the living room & adjoins with third bedroom -Barn door -Red rock views -Window has special noise reducing pleated blinds LAUNDRY ROOM -Extra large space -Maple cabinets with granite counters -Stainless steel utility sink -XL GE washer & dryer -Door out to backyard access -Door to garage access GARAGE -Oversized (983 sq. ft.) 3-car garage with rich brown wood-look insulated garage doors on openers -Epoxy finished floor -Windows with blinds to bring in natural light for working -Exterior door access with security screen door to allow fresh air to flow in -Hosts the furnace system & gas water heater + the new water softener system (installed 2023) EXTERIOR/LOT/MECHANICALS -Flat roof design w/ earth tone stucco repainted in August 2023 -Ledger stone accents -Large paver driveway -310 sq. foot covered front paver patio -Beautiful dark-stained knotty pine exterior doors -Small open circular patio -Flat lot with common space landscaping that is handled by HOA -Building envelope buffered by HOA common space allows for a natural feeling environment & ample space between neighbors -Sits next to a gorgeous natural red rock wash that was recently renovated and expanded for optimal drainage -Views in the front are toward the mesas & views to back are red rock views of Castle Rock -Graveled yard -Triple pane windows with Low E Argon -R38 ceiling insulation & R16 wall insulation - EXTREMELY well insulated to all outside & road noise -Home is plumbed for central vac (not installed) -Home is wired for security system (not installed) -Home has fire sprinkler suppression system -30-day minimum rental for the neighborhood
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Location
Property Details
Parking
- Description: Covered, Garage
- Details: Garage Door Opener
- Garage Spaces: 3
- Spaces Total: 6
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Total): 3.0
Interior Features
- # of Stories: 1
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Roof Material: Rolled/Hot Mop
HOA
- Has HOA: Yes
- Association: Village Estates
- HOA Fee: $165/monthly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 40527830
- Lot Size: 5445 sqft
Property Information
- Property Type: Single Family Residence
- Style: Other
- Year Built: 2017
Tax Information
- Annual Tax: $4,551
Utilities
- Heating: Natural Gas
- Cooling: Central Air, Ceiling Fan(s)
Location
- County: Yavapai
Listing Details
Investment Summary
- Monthly Cash Flow
- -$3,145
- Cap Rate
- 2.1%
- Cash-on-Cash Return
- -15.5%
- Debt Coverage Ratio
- 0.37
- Internal Rate of Return (5 years)
- -11.0%
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:
| $1,059,900 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$847,920 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $211,980 |
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:
| $31,797 |
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:
| $243,777 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,549 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $416 |
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:
| $1.37 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $847,920 |
|---|---|
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:
| $5,016 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $379 |
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:
| $245 |
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:
| $5,640 |
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:
| $3,500 | $42,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$210 | -$2,520 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,290 | $39,480 |
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. | 11% | -$379 | -$4,551 |
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% | -$245 | -$2,940 |
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% | -$280 | -$3,360 |
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% | -$175 | -$2,100 |
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% | -$175 | -$2,100 |
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. | 5% | -$165 | -$1,980 |
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 | 41% | -$1,419 | -$17,031 |
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:
| $1,871 | $22,452 |
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. | -$5,016 | -$60,192 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $3,145 | $37,740 |