$1,400,000
Investment Summary
- Monthly Cash Flow
- -$2,751
- Cap Rate
- 3.3%
- Cash-on-Cash Return
- -10.3%
- Debt Coverage Ratio
- 0.58
- Internal Rate of Return (5 years)
- -5.9%
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
INCREDIBLE VALUE FOR A CUSTOM HOME IN LAS SENDAS ON A PRIVATE 32,000+ SF LOT! Welcome to your private desert retreat in the serene and sought-after enclave of Pinnacle Hills, one of the premier and prestigious neighborhoods within the award-winning Las Sendas community. This tastefully updated custom residence offers a rare blend of contemporary and classic elegance, with expansive open living spaces and breathtaking views of surrounding mountains and city lights from its elevated view deck. The open-concept floorplan flows effortlessly from room to room, creating a spacious and airy atmosphere—ideal for both everyday living and sophisticated entertaining. Whether as a full-time residence or a low-maintenance vacation home, this property offers exceptional comfort and style. Step outside into an entertainer's dream backyard, featuring a newly resurfaced pool and spa, an extended covered patio, built-in BBQ, and a cozy outdoor fireplace ideal for year-round enjoyment. Inside, the home showcases a recently installed stunning custom iron door and complimentary foyer light, a formal dining space, a generous great room with a built-in media niche, and a well-appointed wet bar with sink and wine fridge. The gourmet kitchen is both stunning and functional with recently-updated quartzite countertops, a large island with deep stainless sink, newly-installed R/O system, a Jenn-Air 48" range with 6 burners and griddle, Sub Zero refrigerator, double ovens, walk-in pantry and a kitchen work station. Automated single cell room-darkening shades were installed along all west-facing windows for energy efficiency. The spacious split main suite includes private patio access and a luxurious bath with separate jetted tub and shower, quartzite counters, dual vanities and dual walk-in closets. Two additional bedrooms are joined by a Jack-and-Jill bath, while the fourth bedroom serves perfectly as a private home office. A large laundry room and newly upgraded flooring throughout, featuring durable wood-look tile and plush carpeting in the bedrooms only add to the home's comfort and refined style. Among the many recent upgrades, the home features brand-new windows and doors, adding both aesthetic appeal and energy efficiency. A state-of-the-art security system has been installed, offering modern protection and peace of mind. Advanced home technology upgrades are also in place, creating an intelligent and convenient living experience. Two new Bosch 5-ton, 17 SEER HVAC units ensure powerful yet energy-efficient climate control throughout the seasons. The quartzite counters, installed throughout the entire home, elevate every surface with luxury and durability. A new roof underlayment was installed in June 2021 and roof deck was redone in 2022. A comprehensive list of improvements is available in the Docs Tab. An expanded 3-car garage offers abundant parking and storage space, with a separate storage room accessible from the garage for added convenience. As a resident of Pinnacle Hills, you'll enjoy exclusive access to the very best Las Sendas has to offer. Community amenities include a full fitness facility, resort-style pools and spas, tennis and pickleball courts, a scenic clubhouse, and miles of walking and hiking trails. The renowned Las Sendas Golf Club features a Trent Jones designed 18-hole golf course celebrated for its stunning desert landscape and exceptional design, is just a short walk from your doorstep. Las Sendas is within easy access to the 202 Red Mountain Freeway, and just a short drive to Sky Harbor Airport, downtown Scottsdale, and only one hours' drive from the cool pines of Payson.
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Location
Property Details
Parking
- Description: Electric Door Opener, Side Vehicle Entry
- Details: Garage Door Opener, Garage Faces Side
- Garage Spaces: 3
- Spaces Total: 6
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Total): 3.0
Interior Features
- # of Rooms: 7
- # of Stories: 1
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Wood
- Roof Material: Tile, Rolled/Hot Mop
- Pool: Yes
- Pool Community: Yes
HOA
- Has HOA: Yes
- Association: Las Sendas Cmmty
- HOA Fee: $486/quarterly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 21917566
- Lot Size: 32479 sqft
Property Information
- Property Type: Single Family Residence
- Style: Other
- Year Built: 2001
Tax Information
- Annual Tax: $5,383
Utilities
- Water & Sewer: Public
- Heating: Natural Gas
- Cooling: Central Air, Ceiling Fan(s), ENERGY STAR Qualified Equipment
Location
- County: Maricopa
Listing Details
Investment Summary
- Monthly Cash Flow
- -$2,751
- Cap Rate
- 3.3%
- Cash-on-Cash Return
- -10.3%
- Debt Coverage Ratio
- 0.58
- Internal Rate of Return (5 years)
- -5.9%
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:
| $1,400,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,120,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $280,000 |
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:
| $42,000 |
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:
| $322,000 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,109 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $450 |
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:
| $2.09 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,120,000 |
|---|---|
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:
| $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:
| $449 |
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:
| $455 |
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:
| $7,529 |
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:
| $6,500 | $78,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$390 | -$4,680 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $6,110 | $73,320 |
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. | 7% | -$449 | -$5,383 |
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% | -$455 | -$5,460 |
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% | -$520 | -$6,240 |
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% | -$325 | -$3,900 |
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% | -$325 | -$3,900 |
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. | 2% | -$162 | -$1,944 |
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 | 34% | -$2,236 | -$26,827 |
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:
| $3,874 | $46,488 |
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 | $2,751 | $33,012 |