$1,080,000
Investment Summary
- Monthly Cash Flow
- -$1,877
- Cap Rate
- 3.6%
- Cash-on-Cash Return
- -9.1%
- Debt Coverage Ratio
- 0.63
- Internal Rate of Return (5 years)
- -4.8%
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 Dream Escape - No HOA, No Rules, Just Freedom! Looking for a home that's as bold as your personality? This 5-bedroom estate on nearly an acre is the answer to your wildest dreams. Located just minutes from downtown Chandler and Gilbert, this property is all about space, freedom, and living life on your terms. Bring your RVs, chickens, and creative ideas—this is your blank canvas, and there's no HOA to tell you otherwise. First Impressions Matter, and This One Delivers. From the moment you pull up, you'll feel the wow-factor. A sprawling front yard, circular driveway, and generous parking set the stage for effortless arrivals. Got toys? The massive, covered RV carport comes with 30-amp power and cleanouts, perfect for your road trip rig, hobbies, or even visitors. Need more space? Extra gravel pads in front and behind the gates are ready for boats, trailers, or whatever else you've got. Sport court? Outdoor gym? Rentable parking? The choice is yours. Three Gated Backyard Entries = Maximum Flexibility. With a 14' manual swing gate, 12' motorized gate, and walk-in side gate, you've got options for every need. Step Inside and Fall in Love. This solid block-construction home is filled with light and charm. Dual-pane windows, multiple skylights, and a newer A/C unit (2019) keep things bright and cool. The cozy living room is a vibe, with wood-look floors, a fireplace, exposed wood-beam ceilings, and skylights that let the Arizona sunshine pour in. The split floor plan is thoughtfully designed, giving the primary suite its privacy while the oversized fourth bedroom is ready to be your media room, playroom, or ultimate lounge. The kitchen? It's a showstopper, with stainless appliances, a wall oven, butcher block-style counters, and sleek white cabinets that are as functional as they are stylish. Your Primary Suite = Your Sanctuary. Unwind in a spacious retreat complete with its own fireplace and a spa-like ensuite. Picture this: a freestanding soaking tub, a walk-in shower, candlelight, and a glass of wine. Yes, please. The Backyard is a Showstopper. This is where the magic happens. An 800 sq ft covered patio is decked out with lights, outlets, outdoor curtains, and even ping pong. The lush lawn, private putting green, heated pool with rock waterfall and slide, and built-in spa make this an entertainer's paradise. Bonus: a disc golf setup and an outdoor bathroom and shower, because who wants pool feet tracking through the house? But Wait, There's More! Two outdoor sinks, a chicken coop with power and water, gray water plumbing for washers, and flood irrigation make daily life a breeze. Need Space for Guests or Extra Income? The 400 sq ft attached casita/in-law suite is ready to roll. With a full kitchen, granite counters, bathroom, living area, private entrance, washer/dryer, and dedicated parking, it's perfect for guests, in-laws, or even a rental. Location, Location, Location! Just 3 miles from the 60, minutes to downtown Chandler and Gilbert, and right next to the Western Canal Trail Crossing, you'll have easy access to biking, trail running, or peaceful hikes. Recent Upgrades Include: 400-amp electrical panel (2019) Shingle roof (2011) Septic tank pumped (2023) Sewer lines relined with a 20-year warranty (2023) This property is your ticket to living, playing, and entertaining your way, with zero HOA interference. Don't wait, come see it before someone else claims your slice of paradise! PS-Don't forget to scroll to the end of the photos to check out all the nearby amenities and possible income making opportunities to go along with the $$$ photo
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Location
Property Details
Parking
- Description: RV Gate, Separate Strge Area, RV Access/Parking, Gated
- Details: RV Access/Parking, Gated, Circular Driveway
- Garage Spaces: 0
- Spaces Total: 2
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 7
- # of Stories: 1
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Block
- Roof Material: Composition
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 30224040A
- Lot Size: 39769 sqft
Property Information
- Property Type: Single Family Residence
- Style: Spanish
- Year Built: 1974
Tax Information
- Annual Tax: $1,765
Utilities
- Water & Sewer: Public
- Heating: Electric
- Cooling: Central Air, Ceiling Fan(s)
Location
- County: Maricopa
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,877
- Cap Rate
- 3.6%
- Cash-on-Cash Return
- -9.1%
- Debt Coverage Ratio
- 0.63
- Internal Rate of Return (5 years)
- -4.8%
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:
| $1,080,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$864,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $216,000 |
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:
| $32,400 |
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:
| $248,400 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,500 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $432 |
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:
| $1.96 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $864,000 |
|---|---|
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:
| $5,111 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $147 |
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:
| $5,601 |
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. | 3% | -$147 | -$1,765 |
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. | 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 | 28% | -$1,372 | -$16,465 |
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:
| $3,234 | $38,808 |
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. | -$5,111 | -$61,332 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $1,877 | $22,524 |