$2,495,000
Investment Summary
- Monthly Cash Flow
- -$9,645
- Cap Rate
- 1.0%
- Cash-on-Cash Return
- -20.2%
- Debt Coverage Ratio
- 0.18
- Internal Rate of Return (5 years)
- -15.5%
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
Indulge in this ultimate luxury home of 7708 sf suited for the automotive aficionados and recreational enthusiasts. This palatial Northeast Mesa estate, boasts an unparalleled garage expanse that is a dream come true for collectors. The centerpiece of this property is the massive, air conditioned garage space, sprawling over an impressive 2,800+ square feet, with the ability to house nearly a dozen cherished vehicles. The attached Class A RV garage offers a convenient pass-through door to the backyard with more parking, additional 49' garage is attached to RV garage plus a 4 car garage. Install lifts for maintenance or double-stacked storage. This area is perfectly suited for a trailered boat or vehicle allowing seamless entry or exit with a tow vehicle through the rear overhead door.... Flanking the garages, dual RV gates reveal a paved concrete area, ideal for parking trailers, more cars, or boats, further cementing this property as a sanctuary for those with a passion for vehicles and outdoor toys. Beyond the automotive paradise, this estate features a grand 7,708 square foot residence, where luxury and comfort blend seamlessly. The home includes 5 bedrooms and 5.5 bathrooms, with both the owner's suite and a junior suite conveniently located on the main level. The estate is equipped with an office, a yoga studio/exercise room, a movie theater, and a spacious loft/game room. A casual computer work station, formal living room, and dining room complement the massive great room which is adjacent to the spacious gourmet kitchen. This chef's kitchen is outfitted with top-of-the-line appliances and amenities, including a Subzero refrigerator & freezer, two Bosch dishwashers, a Dacor six-burner gas range with cooking and warming ovens, an additional Dacor wall convection oven, a microwave, a dedicated ice maker, dual sinks with RO and instant hot water. The kitchen also boasts nearly 20 feet of breakfast bar, an in-kitchen dining area, and a massive walk-in pantry, ready to entertain a large gathering with ease. The outdoor oasis features a delightful pool with a shallow area, a fountain, waterfall and water slide. An expansive covered patio with a built-in BBQ, a gas fire pit, a large natural grass side yard for lawn sports, and a 9-hole turf putting green complete the luxurious outdoor living space. This magnificent estate is situated approximately 1 mile from the Loop 202 freeway, offering easy access to Scottsdale, Phoenix Sky Harbor airport, and more. It is conveniently located near Boeing, Falcon Field Airport, the Falcon Field commercial district, shopping, entertainment, the Salt River recreation area, and a plethora of additional attractions. This is more than a home, it's a lifestyle statement for those who demand the finest in luxury living and automotive accommodation! Entire roof underlayment was replaced in Dec. 2023 with premium 30 year underlayment at a cost of $63,000.00. Buyer to verify all facts and figures.
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Location
Property Details
Parking
- Description: Attch'd Gar Cabinets, Electric Door Opener, Side Vehicle Entry, Separate Strge Area, RV Parking, RV Gate, RV Garage, Rear Vehicle Entry, Over Height Garage, Gated Parking, Extnded Lngth Garage
- Details: RV Access/Parking, Garage Door Opener, Direct Access, RV Garage
- Garage Spaces: 8
- Spaces Total: 4
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Total): 6.0
Interior Features
- # of Stories: 2
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Roof Material: Tile
- Pool: Yes
HOA
- Has HOA: Yes
- Association: Montana Dorada
- HOA Fee: $547/quarterly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 14117025
- Lot Size: 38912 sqft
Property Information
- Property Type: Single Family Residence
- Style: Santa Barbara/Tuscan
- Year Built: 2006
Tax Information
- Annual Tax: $12,439
Utilities
- Water & Sewer: Public
- Heating: Natural Gas
- Cooling: Central Air, Ceiling Fan(s)
Location
- County: Maricopa
Listing Details
Investment Summary
- Monthly Cash Flow
- -$9,645
- Cap Rate
- 1.0%
- Cash-on-Cash Return
- -20.2%
- Debt Coverage Ratio
- 0.18
- Internal Rate of Return (5 years)
- -15.5%
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:
| $2,495,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,996,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $499,000 |
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:
| $74,850 |
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:
| $573,850 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 7,708 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $324 |
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:
| $0.64 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,996,000 |
|---|---|
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:
| $11,807 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,037 |
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:
| $343 |
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:
| $13,187 |
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:
| $4,900 | $58,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$294 | -$3,528 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,606 | $55,272 |
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. | 21% | -$1,037 | -$12,439 |
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% | -$343 | -$4,116 |
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% | -$392 | -$4,704 |
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% | -$245 | -$2,940 |
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% | -$245 | -$2,940 |
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% | -$182 | -$2,184 |
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 | 50% | -$2,444 | -$29,323 |
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:
| $2,162 | $25,944 |
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. | -$11,807 | -$141,684 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $9,645 | $115,740 |