$12,795,000
        
      
      Investment Summary
- Monthly Cash Flow
 - -$54,337
 - Cap Rate
 - 0.6%
 - Cash-on-Cash Return
 - -22.2%
 - Debt Coverage Ratio
 - 0.10
 - Internal Rate of Return (5 years)
 - -17.4%
 
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
Desert Mountain GOLF MEMBERSHIP available from Seller with Club approval. Welcome to Bella Vita, a breathtaking estate nestled within the prestigious Desert Mountain community of North Scottsdale. Inspired by the timeless elegance of an ancient Italian manor house, this remarkable property offers an unparalleled blend of rustic Italian charm and modern-day luxury. Designed by renowned architect Ron Brissette, every corner of this residence tells a story of thoughtful craftsmanship, offering both comfort and sophistication for those seeking the best in desert living. Bella Vita is a sprawling estate that spans over 9,500 square feet, offering five generously sized ensuite bedrooms, each thoughtfully designed for privacy and comfort. As you enter through the grand front doors, you are greeted by the rich textures and finishes that evoke a sense of history, balanced perfectly with contemporary amenities. High ceilings, dramatic beams, and warm stone floors transport you to an era where elegance was the standard, yet every detail has been modernized to meet the demands of today's lifestyle. The formal living and dining rooms are nothing short of spectacular, offering the perfect space for entertaining or simply enjoying the beauty of the desert surroundings. Picture-perfect windows and French doors allow natural light to flood the interior, while offering views that frame the rugged mountains and desert beyond. Whether hosting intimate dinner parties or large-scale gatherings, these spaces offer both grandeur and intimacy, providing the perfect setting for making memories. For the culinary enthusiast, the Bella Vita kitchen is a dream come true. This professional-grade kitchen features Meile appliances throughout, including a six-burner gas range, dual ovens, and a Sub-Zero refrigerator. The expansive granite countertops, custom cabinetry, and oversized island are designed for both functionality and style. Whether you're preparing a casual meal for family or a gourmet feast for guests, this kitchen will exceed every expectation. Adjacent to the kitchen is a stunning, fully equipped outdoor living space. Here, the spirit of Italian hospitality truly comes to life with a professional gourmet BBQ, a classic wood fire pizza oven, and an expansive dining area that invites you to enjoy the beauty of Arizona's stunning sunsets. The outdoor living area is a true extension of the home, perfect for alfresco dining, casual entertaining, or simply unwinding as you take in the view. Beyond the luxurious interiors, Bella Vita offers a wealth of amenities designed to elevate your lifestyle. A true highlight is the negative-edge pool, which appears to spill into the desert landscape below, offering sweeping views of the surrounding mountains and the lush desert flora. The pool area is complemented by a thoughtfully designed splash pad for the younger members of the family, ensuring everyone can enjoy the outdoors in comfort and style. For those seeking more active pursuits, the bocce ball court provides an idyllic setting for friendly competition, while the Lookout Balcony Living Room offers a quiet retreat with panoramic vistas. Whether you're enjoying a morning coffee as the sun rises over the desert or savoring a glass of wine in the evening, this unique space invites you to slow down and take in the beauty of your surroundings. The home also features a grand library, perfect for those who enjoy reading, working, or simply escaping to a quiet sanctuary. Rich wood paneling, custom built-ins, and expansive windows make this room feel both regal and comfortablea place where one can unwind with a good book or conduct business in an inspiring environment. The home's design expertly integrates both luxury and practicality. The four-car garage offers ample space for vehicle storage and ensures that every element of your lifestyle is seamlessly accommodated. Whether you're an avid collector of fine automobiles or need extra storage for recreational gear, this garage meets all your needs with style. As with any home of this caliber, Bella Vita offers multiple fireplaces throughout the home, providing warmth and ambiance in every room, from the cozy library to the spacious formal living areas. These fireplaces, combined with the rich textures and materials used throughout the home, create an atmosphere that is both welcoming and timeless. Bella Vita is more than just a residence; it is a lifestyle. The estate offers a level of privacy and tranquility that is unparalleled, while also being within easy reach of the world-class amenities that Desert Mountain has to offer. Whether you're spending your days on the golf course, hiking the miles of trails, or enjoying the resort-style amenities, this home allows you to experience the best of Scottsdale living. Designed with meticulous attention to detail by Architect Ron Brissette, Bella Vita is an exquisite home that captures the heart of both old-world elegance and modern luxury. From the moment you step through the front doors, you are enveloped in a sense of placeone that is both grounded in history and yet completely of the present. Every inch of this home has been crafted to provide a sanctuary of peace, beauty, and comfort, while offering an exceptional setting for entertaining and enjoying life's most cherished moments. Come discover the extraordinary balance between rustic Italian character and contemporary comfort at Bella Vita. This home is not just a place to liveit's a place to experience the good life, to create memories, and to live the lifestyle you've always dreamed of.
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Location
Property Details
Parking
- Description: Open, Covered, Garage
 - Garage Spaces: 4
 - Spaces Total: 4
 
Bedroom Information
- # of Bedrooms: 5
 
Bathroom Information
- # of Baths (Total): 7.0
 
Interior Features
- # of Stories: 1
 - Fireplace: Yes
 
Exterior Features
- Exterior Walls Materials: Stucco
 - Roof Material: Tile, Metal
 - Pool: Yes
 - Pool Community: Yes
 
HOA
- Has HOA: Yes
 - Association: Desert Mountain HOA
 - HOA Fee: $2,079/semi-annually
 
Land Information
- Land Use: Residential
 - Land Use Subtype: Single Family Residential
 
Lot Information
- Parcel ID: 21913024
 - Lot Size: 58143 sqft
 
Property Information
- Property Type: Single Family Residence
 - Style: Other
 - Year Built: 2014
 
Tax Information
- Annual Tax: $14,017
 
Utilities
- Water & Sewer: Public
 - Heating: Natural Gas
 - Cooling: Central Air
 
Location
- County: Maricopa
 
Listing Details
        
    Investment Summary
- Monthly Cash Flow
 - -$54,337
 - Cap Rate
 - 0.6%
 - Cash-on-Cash Return
 - -22.2%
 - Debt Coverage Ratio
 - 0.10
 - Internal Rate of Return (5 years)
 - -17.4%
 
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: 
 |         $12,795,000 | 
|---|---|
          Amount FinancedThe amount of the purchase financed through a loan. Amount financed: 
 |         -$10,236,000 | 
          Down paymentThe initial payment made towards the purchase. Down payment: 
 |         $2,559,000 | 
          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: 
 |         $383,850 | 
          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: 
 |         $2,942,850 | 
          Square Feet (SQFT)The total square footage of the property. Square feet: 
 |         9,500 | 
          Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot: 
 |         $1,347 | 
          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: 
 |         $1.18 | 
Financing Details
              Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment 
                Loan amount:
               
 |             $10,236,000 | 
|---|---|
              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:
               
 |             $60,550 | 
              Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services. 
                Property tax:
               
 |             $1,168 | 
              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:
               
 |             $784 | 
              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: 
 |           $62,502 | 
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:
           
 |         $11,200 | $134,400 | |
          Vacancy LossExpected loss of rent due to vacancies. 
            Vacancy loss:
            (6%)
           
 |         6% | -$672 | -$8,064 | 
          Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss 
          Operating income:
  |         $10,528 | $126,336 | 
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.  | 10% | -$1,168 | -$14,017 | 
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% | -$784 | -$9,408 | 
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% | -$896 | -$10,752 | 
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% | -$560 | -$6,720 | 
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% | -$560 | -$6,720 | 
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% | -$347 | -$4,164 | 
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% | -$4,315 | -$51,781 | 
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:
           
 |         $6,213 | $74,556 | 
          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.  |         -$60,550 | -$726,600 | 
         Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments  |        -$54,337 | -$652,044 |