$1,399,900
Investment Summary
- Monthly Cash Flow
- -$3,922
- Cap Rate
- 2.3%
- Cash-on-Cash Return
- -14.6%
- Debt Coverage Ratio
- 0.41
- Internal Rate of Return (5 years)
- -10.1%
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 home built in 2022 in Wadsworth, situated on a spacious 2+ acres, 2 lots-2 PINs of beautiful landscape at end of a quiet dead-end street.This stunning custom-built property offers 6 bedrooms and 5.1 baths, spread across over 9,000 sq. ft. of luxury living space. Step inside to find a thoughtfully designed floor plan, where 3 of the 4 upstairs bedrooms each boast a full bath and walk-in closet. The expansive main-floor primary suite spans 1,300 sq. ft., featuring its private bathroom and walkout. Modern finishes, abundant space, and unmatched privacy, this property is truly one-of-a-kind. From the moment you arrive, the grandeur of this property is undeniable. The stunning stone facade, meticulously designed landscape lighting, and lush, perfectly manicured grounds create incredible curb appeal. The impressive double doors, flanked by gorgeous exterior finishes, make this home a true showstopper before you even step inside. The extra-long stamped concrete driveway, large enough to accommodate 10+ cars, leads to a private oasis backing up to nature, ensuring total privacy and serenity. As you step through the grand double doors into the foyer, you're immediately greeted by soaring ceilings. Off the expansive foyer lies a cozy sitting room that flows seamlessly into the spacious living room, perfect for both entertaining and day-to-day relaxation. The rich red oak hardwood floors, running throughout the home create a cohesive, warm ambiance. The main floor is designed for both sophistication and function, featuring a formal dining room for hosting elegant dinners, and a huge chef's kitchen equipped with high-end appliances, expansive countertops, a large island, and an additional eat-in dining space. Whether for family gatherings or grand-scale events, this kitchen and its thoughtful layout are ideal for every occasion. The 1,300 sq. ft. primary suite on the main floor is a private sanctuary, offering a spacious living area within the suite-perfect for those moments when you want to relax without leaving the comfort of your bedroom. The luxurious bathroom boasts double vanities, an extra-large stone shower, and a walk-in closet, while direct access to the serene backyard adds another layer of tranquility. Additionally, the main floor features a versatile office, which can easily serve as an extra bedroom if needed. You'll also find a walk-in butler's pantry and bar area, as well as a convenient laundry room, blending style with practicality. Moving upstairs, a wide staircase with sleek plexiglass railings leads you to the second floor, where an additional living area and loft serve as a perfect common space for lounging or entertainment, while separating the bedrooms. Three generously sized bedrooms each come with en-suite baths and walk-in closets, providing ultimate comfort and privacy. A fourth room, offers endless possibilities-whether you transform it into a theater room, additional bedroom, playroom, or recreational space, the choice is yours. The home's basement adds another 1,600 sq. ft. of living space, with room for two more bedrooms, a full bath, and a large open-concept living area, ready for you to customize to your liking. The crawl space is perfect for additional storage, keeping the living areas uncluttered and elegant. Outside, the spacious grounds extend the luxurious living experience, providing the perfect backdrop for entertaining or simply enjoying peaceful outdoor moments. With a three-car attached garage, soaring ceilings, modern finishes, abundant natural light. The Indoor in-ground pool construction was started but not finished, call for details. This home offers grandeur at every turn. The 2 lots offer the unique opportunity to build additional structures-whether it's a barn, stables, or even a luxurious guest house. This extraordinary property, with its blend of luxury, versatility, and privacy, is a rare find on the market. This is definitely a must see.. Call Now.!!
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Location
Property Details
Parking
- Description: Garage
- Details: On Site, Attached, Driveway, Garage
- Garage Spaces: 3
- Spaces Total: 13
Bedroom Information
- # of Bedrooms: 6
Bathroom Information
- # of Baths (Full): 5
- # of Baths (Partial): 1
- # of Baths (Total): 6.0
Interior Features
- # of Rooms: 12
- # of Stories: 2
- Basement: Yes
- Basement Description: Sump Pump, Partially Finished, Full
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Wood Siding
- Foundation: Concrete Perimeter
- Roof Material: Asphalt
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 0335405002
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 2022
Tax Information
- Annual Tax: $33,809
Utilities
- Water & Sewer: Well
- Heating: Natural Gas, Forced Air
- Cooling: Central Air
Location
- County: Lake
Listing Details
Investment Summary
- Monthly Cash Flow
- -$3,922
- Cap Rate
- 2.3%
- Cash-on-Cash Return
- -14.6%
- Debt Coverage Ratio
- 0.41
- Internal Rate of Return (5 years)
- -10.1%
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:
| $1,399,900 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,119,920 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $279,980 |
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:
| $41,997 |
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:
| $321,977 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 9,970 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $140 |
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:
| $0.80 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,119,920 |
|---|---|
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:
| $6,625 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $2,817 |
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:
| $560 |
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:
| $10,002 |
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:
| $8,000 | $96,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$480 | -$5,760 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $7,520 | $90,240 |
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. | 35% | -$2,817 | -$33,809 |
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% | -$560 | -$6,720 |
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% | -$640 | -$7,680 |
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% | -$400 | -$4,800 |
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% | -$400 | -$4,800 |
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 | 60% | -$4,817 | -$57,809 |
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:
| $2,703 | $32,436 |
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. | -$6,625 | -$79,500 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $3,922 | $47,064 |