$980,000
Investment Summary
- Monthly Cash Flow
- -$2,310
- Cap Rate
- 2.9%
- Cash-on-Cash Return
- -12.3%
- Debt Coverage Ratio
- 0.50
- Internal Rate of Return (5 years)
- -7.9%
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
Remarkable basement home has everything you can ask for! 7 bedrooms, 4 full bathrooms, (one bedroom and one bathroom on the main floor), family room on main floor, family or media/game room in the basement, spacious loft on the second floor (allowing for the space everyone desires), large private office, a formal dining room/breakfast room, eat-in dining in the kitchen, solar panels, a 3-car garage with cabinets, work space, & epoxy flooring, an RV gate nestled in the Shadow Ridge Community, with close proximity to the large, lush green grass community park! Take your time to discover an impressive interior, showcasing neutral tile & vinyl flooring, along with an inviting palette throughout. The fabulous kitchen offers a plethora of staggered cabinetry, Corian countertops, center island, pantry, Lazy Susan, SS appliances, including a Whirlpool "Smart" built-in microwave, a gas cook top, reverse osmosis, recessed & natural lighting... and a tremendous amount of cabinet space!!! Main bedroom boasts with plenty of space and an ensuite bathroom w/dual vanities, massive garden tub, separate shower & dual large walk-in closets. Three more bedrooms on the second floor, PLUS, a fully finished basement with two additional bedrooms and living space for privacy & comfort; making it an excellent space for guests or family. The sensational, oversized backyard is an entertainer's dream; displaying a super-sized covered patio with multiple ceiling fans, built-in gas BBQ, refrigerator, storage & a patio bar area with a countertop gas fire feature. Feel like you are on vacation as you take a dip in the beautifully upgraded and self-cleaning PebbleTec swimming pool with a Baja step, boulders & palm tree surround. On the cooler mornings and evenings, gather everyone around the fire pit and play some games on the synthetic grass! Some additional features in the home - Water softener, whole-home water filter, 7 filter Reverse Osmosis under-mount in the kitchen, Ring Doorbell, Light bulb security camera, surround sound & mounted speakers, Cat5 cable installed in the office, kitchen, primary bedroom & basement, blinds & ceiling fans throughout, recessed canned lighting, cabinets and workspace in garage, 52 solar panels on the grid to save you money each year and get a credit back once a year from SRP on your bill. Ejector pump in basement replaced in 2023, Pentair Intelliflo VSF Pool Pump replaced in 2020. Motor for the pop-up cleaning system for the pool replaced in 2021. Head for the pool replaced in August 2023. Sand in Pool Filter replaced in April 2025. Synthetic Grass installed in 2023. Exterior paint updated in 2024. Cabinets updated in 2025. Interior paint updated in 2025. Flooring updated in 2022 and 2025. Water heater replaced in March 2025.
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Location
Property Details
Parking
- Description: Attch'd Gar Cabinets, Dir Entry frm Garage, Electric Door Opener, RV Gate, RV Access/Parking
- Details: RV Access/Parking, Garage Door Opener, Direct Access
- Garage Spaces: 3
- Spaces Total: 6
Bedroom Information
- # of Bedrooms: 7
Bathroom Information
- # of Baths (Total): 4.0
Interior Features
- # of Stories: 2
- Basement: Yes
- Basement Description: Finished, Full
Exterior Features
- Exterior Walls Materials: Wood
- Roof Material: Tile
- Pool: Yes
- Solar Panels: Yes
HOA
- Has HOA: Yes
- Association: Shadow Ridge
- HOA Fee: $108/monthly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 30482417
- Lot Size: 10633 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 2004
Tax Information
- Annual Tax: $3,888
Utilities
- Water & Sewer: Public
- Heating: Natural Gas
- Cooling: Central Air, Ceiling Fan(s)
Location
- County: Maricopa
Listing Details
Investment Summary
- Monthly Cash Flow
- -$2,310
- Cap Rate
- 2.9%
- Cash-on-Cash Return
- -12.3%
- Debt Coverage Ratio
- 0.50
- Internal Rate of Return (5 years)
- -7.9%
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:
| $980,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$784,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $196,000 |
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:
| $29,400 |
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:
| $225,400 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 4,634 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $211 |
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:
| $0.86 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $784,000 |
|---|---|
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:
| $4,638 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $324 |
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:
| $280 |
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:
| $5,242 |
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:
| $4,000 | $48,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$240 | -$2,880 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,760 | $45,120 |
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. | 8% | -$324 | -$3,888 |
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% | -$280 | -$3,360 |
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% | -$320 | -$3,840 |
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% | -$200 | -$2,400 |
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% | -$200 | -$2,400 |
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% | -$108 | -$1,296 |
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 | 36% | -$1,432 | -$17,184 |
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:
| $2,328 | $27,936 |
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. | -$4,638 | -$55,656 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $2,310 | $27,720 |