




$2,000,000
Investment Summary
- Monthly Cash Flow
- -$6,427
- Cap Rate
- 1.8%
- Cash-on-Cash Return
- -16.8%
- 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
Welcome to Your Forever Home in Morrison Ranch | Gilbert, AZ Step into a life of luxury, comfort, and community in the highly coveted Morrison Ranch, Gilbert's quintessential neighborhood where tree-lined streets, white picket fences, and front porch living create a picture-perfect lifestyle families dream of. Here, you're not just buying a house, you're investing in a way of life. Presenting the Flora by Toll Brothers - A True Masterpiece Finalized in 2023. This stunning, fully upgraded 5,200 sq ft, two-story estate redefines ''move-in ready.'' Boasting 4 bedrooms, 3.5 bathrooms, a spacious loft, a private office, a bonus flex room, wet bar and wine room, and a 3-car garage. Enter Through the Grand Foyer - As you step through the custom keypad entry into the bright, expansive foyer, you're immediately welcomed by soaring ceilings, a polished Sante Fe textured finish (80% smooth, 20% texture), and an effortless flow that sets the tone for the entire residence. Light dances across the timber-inspired Mozukai II Hikari matte porcelain tile floors, creating an atmosphere that's both grounded and sophisticated. Bonus Room | The Ultimate Entertainment Retreat - Off the entry, discover a show-stopping bonus room designed for ultimate entertainment. Outfitted with a multi-screen TV wall and a 7.1 KEF THX surround sound system, it's ready for Sunday football marathons, gaming nights, or blockbuster premieres. Adjacent, the sleek wet bar and wine room boasts every feature imaginable: * Dual-tap Kegerator (CO2 and N2) * Built-in beverage refrigerator and ice maker * 18" dishwasher * Floating glass shelving with bottle and down lighting * 130-bottle illuminated wine rack * Bar sink workstation with filtered water It's not just a room, it's an experience. Elegant Dining Room | Designed for Memories - Across from the bar, the formal dining room invites cozy family dinners and grand holiday feasts, all while connected seamlessly to the heart of the home. Gourmet Kitchen | A Culinary Work of Art - The coastal-inspired kitchen looks straight out of a design magazine, featuring: * Sub-Zero refrigerator and freezer with custom cabinet panels * Regal White Coastal Cabinetry crowned with Golden Champagne knobs * Roll-out shelves and pot & pan drawers for maximum convenience * Artemis Quartzite waterfall countertops * Wolf appliance suite * Grigio Elegante Honed Quartz backsplash * Glass stacked upper cabinets illuminated with embedded lighting, under-cabinet lights, and toe-kick ambient lighting * Touchless faucet with Airswitch button for effortless sink use This kitchen isn't just stunning it's functional, smart, and built for daily luxury. Living Room | Breathtaking Great Room - Beyond the kitchen, the open-concept great room is an architectural triumph featuring a floor-to-ceiling gas fireplace, 7.1 KEF surround sound, and 40" sliding glass doors that seamlessly merge indoor and outdoor living. Soft natural light pours in during the day, while in the evening, the Oelo permanent outdoor lighting showcases the property's beauty like a custom estate. Outdoor Living | Resort-Style Backyard - Step outside to your entertainer's dream patio. An Irrigreen smart sprinkler system keeps your landscaping lush year-round while the seamless audio and video system extends outdoors for movie nights under the stars or weekend barbecues. Custom outdoor cameras and perimeter lighting make this home as secure as it is stunning. Primary Suite | A Private Sanctuary - Retreat upstairs to your luxurious master suite, complete with private motorized shades and its own 7.1 KEF THX sound system. The spa-like primary bathroom stuns with: * Floating vanity with underlit toe kick lighting * Bianco Carrara honed marble counters * Elegant marble flooring * Polished chrome fixtures throughout A retreat designed for rejuvenation every day. Additional Bedrooms, Loft, and Baths | Comfort for All - Three additional oversized bedrooms, a spacious loft, and two beautifully appointed bathrooms upstairs, each featuring Oceana Quartz counters and luxury finishes, provide space and privacy for every family member. The downstairs powder room features a sleek floating vanity and Brilliant Black Quartzite counter, making even your guests feel pampered. Garage | Built for the Modern Homeowner - The three-car garage is a functional dream, outfitted with: * NewAge Pro Series 14-piece cabinet and workbench set * Overhead storage racks * 160 sq ft Slate Wall system with accessories * Durable epoxy-coated floors Perfect for hobbyists, car enthusiasts, or anyone who craves organized storage. Technology | A Smart Home Like No Other - This home integrates seamlessly into your lifestyle with: * Full-home audio with 78 KEF speakers * Video distribution throughout the home * Motorized shades and curtains (details available upon request) * 7 mounted TVs included * Soft water system with RO filtration at the kitchen and bar sinks * Glass stair railings with weathered wood details for added sophistication Morrison Ranch | The Heart of Gilbert - Imagine tree-lined streets where kids ride their bikes, neighbors greet each other by name, and community events fill the calendar year-round. Morrison Ranch offers: * Expansive green parks and playgrounds * Community lakes and walking trails * Top-rated schools within minutes * A true sense of belonging Here, the white picket fence isn't just a dream, it's your daily reality. Move-In Ready. Model-Home Quality. Unmatched Lifestyle. Homes of this caliber rarely come available and when they do, they don't last. Every detail has been thought of, every upgrade meticulously installed. This is more than a home, It's Morrison Ranch living at its absolute finest.
Build Your Team
Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.



Agents
Match with investor-friendly agents who can help you find, analyze, and close your next deal



Lenders
Get the best funding…find investor-friendly lenders who specialize in your deal strategy



Property Managers
Transition to passive investing. Find a trusted property management partnership that lasts.



Tax Pros & Accountants
Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more
Location
Property Details
Parking
- Description: Garage
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 3
- # of Stories: 2
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Roof Material: Tile
HOA
- Has HOA: Yes
- Association: Morrison Ranch
- HOA Fee: $399/quarterly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 31331076
- Lot Size: 11050 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 2022
Tax Information
- Annual Tax: $3,353
Utilities
- Water & Sewer: Public
- Heating: Electric
- Cooling: Central Air
Location
- County: Maricopa
Listing Details

Investment Summary
- Monthly Cash Flow
- -$6,427
- Cap Rate
- 1.8%
- Cash-on-Cash Return
- -16.8%
- 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:
| $2,000,000 |
---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,600,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $400,000 |
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:
| $60,000 |
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:
| $460,000 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 5,200 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $385 |
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:
| $0.96 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,600,000 |
---|---|
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:
| $9,465 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $279 |
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:
| $350 |
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:
| $10,094 |
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:
| $5,000 | $60,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$300 | -$3,600 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,700 | $56,400 |
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. | 6% | -$279 | -$3,353 |
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% | -$350 | -$4,200 |
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% | -$400 | -$4,800 |
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% | -$250 | -$3,000 |
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% | -$250 | -$3,000 |
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. | 3% | -$133 | -$1,596 |
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 | 33% | -$1,662 | -$19,949 |
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:
| $3,038 | $36,456 |
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. | -$9,465 | -$113,580 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$6,427 | -$77,124 |