$2,425,000
Investment Summary
- Monthly Cash Flow
- -$6,483
- Cap Rate
- 2.5%
- Cash-on-Cash Return
- -13.9%
- Debt Coverage Ratio
- 0.44
- Internal Rate of Return (5 years)
- -9.5%
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
Be captivated by this updated custom with gorgeous updates throughout and the ULTIMATE in indoor/outdoor living and a 42' X 30' RV GARAGE!! This masterfully crafted, amenity-packed estate spans nearly 6,500 square feet, seamlessly blending superior craftsmanship with timeless sophistication. Perfectly positioned in gated Rosewood Estates with desirable north/south exposure, this 0.8-acre property boasts a resort-style backyard, perfect for entertaining. Enjoy abundant under-patio spaces, including an elegant indoor/outdoor living space with misting system, indoor fireplace & outdoor firepit, Cantera stone pavers, a tongue-and-groove ceiling, built-in entertainment wall, and flat-screen TV. Through a full telescoping glass wall, a resort-sized 11-foot-deep heated diving pool and spa await, surrounded by manicure yard featuring second wood burning fire pit, landscape with both sprinkler and flood irrigation access. The home features exceptional curb appeal, with an Italian Cypress-lined walkway, a courtyard adorned with balustrades and a rose garden, and a grand iron-and-glass entry door. Inside, the living room captivates with a full telescoping glass wall, seamlessly merging indoor and outdoor living. A striking feature wall integrates a gas fireplace flanked by custom built-ins with designer lighting and cabinetry. The ideal split floor plan offers flexibility, featuring up to two primary suites or a generous Next Gen suite, along with three additional bedrooms, each uniquely designed with feature walls, custom built-ins and professionally designed walk-in closets. Recent updates include Google security cameras, recessed LED lighting, modern paint colors, 7 ¼-inch baseboards, custom interior doors, coffered ceilings, smooth-finish squared edge walls, and new sustainable Stone Form "wood" plank flooring for a refined modern aesthetic. Flexible living spaces include dual office options, a separate room off the primary suite ideal for a gym or studio, and a hidden second-story library loft with built-in bookshelves and a private spiral staircase. The stunning JUST UPDATED chef's kitchen features custom cabinetry, recently painted in a fresh on-trend color with brushed gold hardware, all new Taj Mahal Quartzite countertops and backsplash, Blanco sink, newly installed faucet, built-in KitchenAid refrigerator, beverage fridge, and a newly installed (May 2025) 48-inch Thermador range with 6 burners, griddle, and dual ovens, a warming drawer, appliance garage, and abundant storage. Adjacent is a spacious great room with a stunning Cantera fireplace, plus a dining room with an updated pantry shelving system. The Owner's Suite features a private gym/office, automated window shades, tray ceilings, and an oversized ensuite bath featuring a walk-in shower, gorgeous custom cabinetry, porcelain countertops, new sinks and plumbing fixtures, and an oversized walk-in closet with custom island and built-in shelving, and a 3-way dressing mirror. All guest baths have been stylishly updated with quartz or porcelain countertops, new sinks and plumbing fixtures. For entertaining, the home offers ample spaces, including a large walkout basement with its own private courtyard perfect for outdoor games with a spiral staircase to the pool and deck level. A car lover's dream, the property features two main garages: an oversized two-car garage and a 42' x 30' double/RV garage combination, accommodating up to six cars, a workshop, or extra storage. Both garages include 220-volt outlets. Rosewood Estates is a prestigious gated community in the heart of Mesa's citrus corridor, featuring 23 custom homes on spacious lots with private pickleball, tennis, and basketball courts. Conveniently located just 20 minutes from Sky Harbor Airport and Scottsdale, it is also minutes from premier hiking, golf, mountain biking, water recreation, dining, and shopping, and offers highly-rated schools.
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Location
Property Details
Parking
- Description: Attch'd Gar Cabinets, Dir Entry frm Garage, Electric Door Opener, Extnded Lngth Garage, Over Height Garage, RV Gate, Separate Strge Area, Side Vehicle Entry, RV Access/Parking, RV Garage
- Details: RV Access/Parking, Garage Door Opener, Direct Access, RV Garage, Garage Faces Side
- Garage Spaces: 6
- Spaces Total: 10
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Total): 5.0
Interior Features
- # of Stories: 1
- Basement: Yes
- Basement Description: Walk-Out Access, Finished, Partial
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Roof Material: Tile
- Pool: Yes
HOA
- Has HOA: Yes
- Association: Rosewood Estates HOA
- HOA Fee: $675/quarterly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 14127062
- Lot Size: 34423 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 2001
Tax Information
- Annual Tax: $11,907
Utilities
- Water & Sewer: Public
- Heating: Electric, Natural Gas
- Cooling: Central Air, Ceiling Fan(s)
Location
- County: Maricopa
Listing Details
Investment Summary
- Monthly Cash Flow
- -$6,483
- Cap Rate
- 2.5%
- Cash-on-Cash Return
- -13.9%
- Debt Coverage Ratio
- 0.44
- Internal Rate of Return (5 years)
- -9.5%
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:
| $2,425,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,940,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $485,000 |
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:
| $72,750 |
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:
| $557,750 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 6,458 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $376 |
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:
| $1.39 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,940,000 |
|---|---|
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:
| $11,476 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $992 |
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:
| $630 |
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:
| $13,098 |
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:
| $9,000 | $108,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$540 | -$6,480 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $8,460 | $101,520 |
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. | 11% | -$992 | -$11,907 |
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% | -$630 | -$7,560 |
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% | -$720 | -$8,640 |
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% | -$450 | -$5,400 |
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% | -$450 | -$5,400 |
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% | -$225 | -$2,700 |
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 | 39% | -$3,467 | -$41,607 |
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:
| $4,993 | $59,916 |
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. | -$11,476 | -$137,712 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $6,483 | $77,796 |