$3,875,000
Investment Summary
- Monthly Cash Flow
- -$17,476
- Cap Rate
- 0.9%
- Cash-on-Cash Return
- -23.5%
- Debt Coverage Ratio
- 0.14
- Internal Rate of Return (5 years)
- -18.7%
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
EXCELLENT OPPORTUNITY to purchase this luxury residence with a huge potential for instant equity! High above Olympus Cove, this architectural marvel is a stunning blend of contemporary elegance and timeless craftsmanship. The exterior impresses with its commanding combination of sandstone and towering glass walls, creating an undeniable sense of grandeur and sophistication. Inside, luxury awaits at every turn. The breathtaking interior features polished granite surfaces and exquisite imported Italian stones, elevating each room with refined elegance. From the expansive home theater to the vast, sun-drenched living spaces, this home exudes the kind of splendor found in the finest luxury magazines. The basement, designed for both comfort and style, boasts floor-to-ceiling slate tiles, soaring ceilings, and oversized windows that flood the space with natural light. Each room is uniquely adorned with custom granite in various shades, offering distinctive charm throughout. Tailored for entertainment, the home is equipped with smart technology, allowing seamless control of lighting and other systems via your phone or a wall-mounted iPad. Elegant granite floors and electric blinds provide modern convenience, while the metal roof ensures durability and longevity. The entrance greets you with granite walls featuring three cascading waterfalls and a charming bridge, setting the tone for the tranquility that permeates the home. As you move through the space, you are continuously treated to postcard-perfect views through expansive windows, offering panoramic vistas of the Salt Lake Valley on one side and the breathtaking proximity of Mount Olympus on the other. Nestled just a 3-minute walk from the Bonneville Shoreline Trail, a 5-minute drive to Neffs Canyon, and only 7 minutes to the stunning Mill Creek Canyon, this home offers the perfect blend of tranquility and convenience. With Salt Lake City's airport just 19 minutes away, Park City's world-class ski resorts a mere 35-minute drive, Snowbird's alpine beauty within 28 minutes, and Silicon Slopes only 32 minutes away, you'll enjoy both privacy and easy access to work and play. This spectacular location allows you to embrace the beauty of Utah without sacrificing the convenience of everyday life. This is not just a home-it is a masterpiece, a sanctuary where beauty, technology, and nature unite in perfect harmony.
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Location
Property Details
Parking
- Description: Covered, Garage
- Details: Attached
- Garage Spaces: 4
- Spaces Total: 4
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 1
- # of Baths (Partial): 6
- # of Baths (Total): 12.0
Interior Features
- # of Rooms: 35
- # of Stories: 2
- Basement: Yes
- Basement Description: Full, Walk-Out Access
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Rock, Stone
- Roof Material: Metal
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 2201332021
- Lot Size: 19602 sqft
Property Information
- Property Type: Single Family Residence
- Style: Rambler/Ranch
- Year Built: 1979
Tax Information
- Annual Tax: $19,196
Utilities
- Heating: Central, Natural Gas, Forced Air, Radiant Floor, Radiant
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Salt Lake
Listing Details
Investment Summary
- Monthly Cash Flow
- -$17,476
- Cap Rate
- 0.9%
- Cash-on-Cash Return
- -23.5%
- Debt Coverage Ratio
- 0.14
- Internal Rate of Return (5 years)
- -18.7%
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:
| $3,875,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$3,100,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $775,000 |
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:
| $116,250 |
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:
| $891,250 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 15,558 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $249 |
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:
| $0.41 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $3,100,000 |
|---|---|
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:
| 6.840% |
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:
| $20,292 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,600 |
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:
| $448 |
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:
| $22,340 |
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:
| $6,400 | $76,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$384 | -$4,608 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $6,016 | $72,192 |
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. | 25% | -$1,600 | -$19,196 |
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% | -$448 | -$5,376 |
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% | -$512 | -$6,144 |
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% | -$320 | -$3,840 |
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% | -$320 | -$3,840 |
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 | 50% | -$3,200 | -$38,396 |
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:
| $2,816 | $33,792 |
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. | -$20,292 | -$243,504 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $17,476 | $209,712 |