$12,500,000
Investment Summary
- Monthly Cash Flow
- -$57,996
- Cap Rate
- 0.1%
- Cash-on-Cash Return
- -24.2%
- Debt Coverage Ratio
- 0.02
- Internal Rate of Return (5 years)
- -19.3%
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
Perched majestically above the expansive Salt Lake Valley basin lies this architectural icon; a nexus where modern design and natural serenity seamlessly converge. Conceived by globally renowned architect Guy Dreier, the estate's organic modern aesthetic is revealed through a geometric feat of glass and steel, with curvilinear walls and undulating rooflines that beckon nature's splendor to permeate the senses. Tucked away behind a private gate on nearly four sprawling wooded acres nestled directly beneath the jagged cliffs of Mount Olympus, every painstaking detail has been scrutinized and reimagined. Warm earth tones, rich textures, and meticulously curated stone sourced from around the globe set the stage for a three-year, multi-million dollar renovation-a transformative journey inspired by global travels that places this contemporary triumph in a class all its own. Ascend to the recently added third level where a light-drenched lounge framed by towering windows offers panoramic vistas of the Wasatch Range, Great Salt Lake, and distant snow-capped Oquirrh peaks. Begin your morning with meditation on the adjacent deck, surrounded by a stunning 360-degree view as the sun rises over Grandeur Peak. End the day basking in the glow of an awe-inspring sunset, followed by shimmering city lights around the sunken fire pit enclave. The retreat is serenaded by ethereal cascades of water, echoing along walking paths lined with mature pines, vibrant native flora, and a sparkling azure pond. Inside, a waterfall elegantly flows through the great room, reaching its zenith in the lower entertainment level. Designed for flawless entertaining, the gourmet kitchen is outfitted with state-of-the-art Miele, Sub Zero, and Wolf appliances, complemented by white oak cabinetry throughout the grand island and breakfast bar. An adjacent elevator provides effortless access for events and the convenience of single-level living. The dramatic primary wing, bathed in natural light from soaring vaulted ceilings and warmed by an ambient fireplace, presents a sanctuary of luxurious tranquility. Here, an opulent soaking tub awaits, alongside a wellness suite complete with Hammam steam room, Huum sauna, Tonal weight resistance gym, and a heated cabana for private massages overlooking a tranquil saltwater pool and spa. The thermally regulated wine room, housing 684 bottles, is discreetly accessed via two hidden doors, one of which is composed of a striking six hundred pound slab of backlit rainbow onyx. A custom fabricated circular steel staircase leads to an immersive top-level indoor/outdoor setting, where expansive glass walls and skylights frame the Wasatch Range and city vistas below. For cinematic indulgence, a plush twelve seat theater with surround sound, bespoke Italian design, state-of-the-art Daiwa dual massage chairs, and an adjoining bar and game area deliver a captivating experience. Three elegantly appointed guest suites, each boasting impeccable finishes and exquisite detail for design connoisseurs, are further enhanced by amenities such as Crestron full-home automation, Somfy smart shades, and custom European fixtures and furnishings. A true symphony of architectural brilliance - behold a living, breathing masterpiece esconced in natural light and accompanied by a zen soundtrack of falling water, where landscape and structure merge into a harmonious celebration of nature and illumination.
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: Covered, Parking: Uncovered
- Details: Covered, Attached
- Garage Spaces: 4
- Spaces Total: 18
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 1
- # of Baths (Partial): 4
- # of Baths (Total): 9.0
Interior Features
- # of Rooms: 31
- # of Stories: 3
- Basement Description: Daylight, Walk-Out Access
Exterior Features
- Exterior Walls Materials: Rock, Stone
- Roof Material: Metal, Rubber
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 2201376006
- Lot Size: 159429 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 1992
Tax Information
- Annual Tax: $39,101
Utilities
- Heating: Central, Natural Gas, Electric, Forced Air, Radiant Floor
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Salt Lake
Listing Details
Investment Summary
- Monthly Cash Flow
- -$57,996
- Cap Rate
- 0.1%
- Cash-on-Cash Return
- -24.2%
- Debt Coverage Ratio
- 0.02
- Internal Rate of Return (5 years)
- -19.3%
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:
| $12,500,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$10,000,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $2,500,000 |
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:
| $375,000 |
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:
| $2,875,000 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 11,438 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $1,093 |
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:
| $0.56 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $10,000,000 |
|---|---|
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:
| $59,154 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $3,258 |
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:
| $62,860 |
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. | 51% | -$3,258 | -$39,101 |
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 | 76% | -$4,858 | -$58,301 |
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:
| $1,158 | $13,896 |
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. | -$59,154 | -$709,848 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $57,996 | $695,952 |