$850,000
Investment Summary
- Monthly Cash Flow
- -$2,955
- Cap Rate
- 2.1%
- Cash-on-Cash Return
- -18.1%
- Debt Coverage Ratio
- 0.33
- Internal Rate of Return (5 years)
- -13.5%
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
ELEGANCE AND CHARM ALL WRAPPED UP IN ONE - WITH OVER 4,100 SQ FT OF THOUGHTFULLY DESIGNED LIVING SPACE, THERE'S A PERFECT SPOT FOR EVERYONE! Nestled on nearly an acre, this stunning brick and cedar estate welcomes you with timeless beauty and inviting warmth. From the moment you enter the soaring two-story foyer, the rich hardwood flooring, intricate crown molding, and impeccable craftsmanship set the stage for a truly special home. Head inside where a soaring two-story foyer, you are immediately greeted by the inviting spaces flanking either side: the formal living room on one side and the separate dining room on the other. The formal living room offers a warm, welcoming atmosphere, providing the perfect spot to unwind or engage in conversation. Just across the foyer, the elegant dining room features a trayed ceiling and classic wainscoting, creating a refined backdrop for intimate dinners or grand celebrations, where every meal feels like a special occasion. Beyond the dining room, you're drawn into the heart of the home-the gourmet kitchen-where stunning granite countertops, quality stainless steel appliances, and a center island with a built-in cooktop create the ideal space for cooking and entertaining. Whether preparing daily meals or hosting guests, this kitchen offers both beauty and functionality. Just beyond, the charming breakfast room awaits, offering a peaceful retreat to start your day. Imagine sipping your morning coffee while sunlight pours through the windows, casting a warm glow that sets a serene tone for the day ahead. Continue on to the entertainment-sized family room, where a floor-to-ceiling brick wood-burning fireplace takes center stage. This spacious area is perfect for family gatherings or cozy evenings, and with dual sliders leading to the brick paver patio. Back inside completing the main level you'll find a private home office with custom built-ins, a convenient half bath, and a well-appointed laundry/mudroom, each thoughtfully designed to add convenience and functionality. Upstairs, the primary suite is a true retreat, offering a soaring trayed ceiling, a spacious walk-in closet, and a spa-inspired bath designed for ultimate relaxation. Imagine unwinding in the free standing tub or letting the day melt away under the rain shower head in the separate shower. Three additional bedrooms offer ample comfort-one with its own private en-suite and two each with private access to a full bath. The unfinished basement, with 9-foot ceilings and a roughed-in fireplace, is ready to be transformed into your ideal recreation space, home theater, or private retreat. Outside, the expansive brick paver patio offers a perfect spot to unwind under the stars, gathered around the custom-built firepit, enjoying evenings filled with laughter and warmth. A three-car attached garage provides ample space for vehicles and storage, completing this exceptional home. Don't miss the chance to make it yours!
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Location
Property Details
Parking
- Description: Garage
- Details: Concrete, Garage Door Opener, On Site, Attached, Garage
- Garage Spaces: 3
- Spaces Total: 3
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Partial): 1
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 10
- # of Stories: 2
- Basement: Yes
- Basement Description: Sump Pump, Unfinished, Full
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Wood Siding
- Roof Material: Shake
HOA
- Has HOA: Yes
- HOA Fee: $200/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 0335103006
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Traditional
- Year Built: 2004
Tax Information
- Annual Tax: $18,430
Utilities
- Water & Sewer: Well
- Heating: Natural Gas, Forced Air
- Cooling: Central Air, Zoned
Location
- County: Lake
Listing Details
Investment Summary
- Monthly Cash Flow
- -$2,955
- Cap Rate
- 2.1%
- Cash-on-Cash Return
- -18.1%
- Debt Coverage Ratio
- 0.33
- Internal Rate of Return (5 years)
- -13.5%
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:
| $850,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$680,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $170,000 |
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:
| $25,500 |
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:
| $195,500 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 4,134 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $206 |
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:
| $1.06 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $680,000 |
|---|---|
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:
| 6.810% |
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:
| $4,438 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,536 |
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:
| $308 |
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:
| $6,282 |
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:
| $4,400 | $52,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$264 | -$3,168 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,136 | $49,632 |
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% | -$1,536 | -$18,430 |
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% | -$308 | -$3,696 |
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% | -$352 | -$4,224 |
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% | -$220 | -$2,640 |
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% | -$220 | -$2,640 |
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. | 0% | -$17 | -$204 |
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% | -$2,653 | -$31,834 |
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:
| $1,483 | $17,796 |
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. | -$4,438 | -$53,256 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $2,955 | $35,460 |