$3,500,000
Investment Summary
- Monthly Cash Flow
- -$13,522
- Cap Rate
- 1.0%
- Cash-on-Cash Return
- -20.2%
- Debt Coverage Ratio
- 0.18
- Internal Rate of Return (5 years)
- -15.5%
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
Breathtaking Views & Elevated Luxury Living in Las Sendas. Located in the exclusive gated enclave of Pinnacle Ridge, this spectacular 5,586 sq. ft. custom estate offers sweeping panoramic views of the entire Valley‚ capturing city lights, majestic mountains, and stunning Arizona sunsets from every angle. Perched on a rare 1.3 acre private cul-de-sac lot, this one-of-a-kind residence seamlessly combines refined elegance, exceptional comfort & resort-style amenities. Perfectly designed for both grand entertaining & serene everyday living, this home offers a rare opportunity to own a premier view property in one of Northeast Mesa's most prestigious communities. A private courtyard entry welcomes you to a stunning custom iron door that opens to the elegant dining room adorned with floor ceiling windows and expansive panoramic views. The dining area showcases custom paint finishes, rich leathered granite, designer lighting, built-in cabinetry & exquisite flooring. As you enter the kitchen & family room prepare to be captivated- as this is the true showstopper. Expansive floor-to-ceiling windows beautifully frame the dramatic views and the resort-style backyard, creating a breathtaking backdrop. A chef-inspired gourmet kitchen showcases exquisite craftsmanship with custom cabinetry, professional-grade appliances, double ovens, a gas cooktop with pot filler, built-in coffee maker, and stunning custom granite countertops. The oversized prep island provides ample space for both culinary creations and casual gatherings. The kitchen seamlessly opens to the breakfast room and family room, where you'll enjoy amazing views and thoughtfully designed features including a custom entertainment wall with floating shelves, a cozy gas fireplace and an elegant wet bar. The luxurious primary suite is a true retreat, featuring gorgeous views and a serene sitting area with a cozy gas fireplace. The suite includes a spa-inspired bathroom, beautifully appointed with a remodeled walk-in shower, jetted soaking tub, dual vanities and a custom walk-in closet. A dedicated office with elegant coffered ceilings and double doors offers the perfect private workspace. The south wing provides the ultimate escape with a private home theater for cinematic experiences and a spacious game room, perfect for family nights and casual entertainingcomplete with its own half bath. All guest suites feature en-suite bathrooms and walk in closets. Throughout the home, you'll find elegant flooring and designer window treatments, along with an array of luxury finishes including a Control4 Smart Home System, plantation shutters, polished travertine flooring, and refined stone and brick accents. Nearly every window captures magnificent views, creating a seamless blend of sophistication and scenery. Step outside to your own private resort-style paradise, thoughtfully designed for both ultimate relaxation and unforgettable entertaining. The backyard showcases a negative-edge heated pool with fire bowls and spa, a cozy fire pit, a putting green, and approximately 2200 sq ft of covered patio space complete with a built-in outdoor kitchenideal for hosting gatherings or enjoying quiet sunset evenings. The expansive covered entertaining area is equipped with misters for warm Arizona days and radiant heaters for cooler evenings, ensuring year-round comfort. A custom pool fence is also on site for added safety, and all of this is set against the backdrop of some of the most sought after views in the Northeast Valley. For car enthusiasts, a dream garage awaitsfeaturing an extended-length, over-height 4-bay layout, epoxy flooring, and ample space for vehicles, toys, and storage. Conveniently located just minutes from the Loop 202 freeway, this exceptional property offers quick access to both Sky Harbor and Mesa Gateway Airportseach just 20 minutes away. Enjoy proximity to outdoor recreation with the Salt River and Saguaro Lake nearby, perfect for boating, hiking, and exploring the natural beauty of Arizona. Don't miss this rare opportunity to own one of Las Sendas' most exquisite homeswhere luxury, location, and lifestyle come together beautifully! Las Sendas is a premier master-planned community nestled along the edge of the Tonto National Forest, offering a serene desert setting with resort-style amenities. Residents enjoy access to a beautifully appointed clubhouse, multiple heated pools and spas, tennis and pickleball courts, a splash pad, and a tot pool, along with parks, trails, and a calendar full of community events and activities for all ages. The community is also served by top-rated, excelling schools, making it one of the most desirable neighborhoods in Northeast Mesa.
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Location
Property Details
Parking
- Description: Attch'd Gar Cabinets, Electric Door Opener, Extnded Lngth Garage
- Details: Garage Door Opener, Circular Driveway
- Garage Spaces: 4
- Spaces Total: 6
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Total): 5.0
Interior Features
- # of Rooms: 11
- # of Stories: 1
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Roof Material: Tile, Rolled/Hot Mop
- Pool: Yes
HOA
- Has HOA: Yes
- Association: Las Sendas
- HOA Fee: $486/quarterly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 21918489
- Lot Size: 55517 sqft
Property Information
- Property Type: Single Family Residence
- Style: Territorial/Santa Fe
- Year Built: 2004
Tax Information
- Annual Tax: $13,728
Utilities
- Water & Sewer: Public
- Heating: Natural Gas
- Cooling: Central Air, Ceiling Fan(s)
Location
- County: Maricopa
Listing Details
Investment Summary
- Monthly Cash Flow
- -$13,522
- Cap Rate
- 1.0%
- Cash-on-Cash Return
- -20.2%
- Debt Coverage Ratio
- 0.18
- Internal Rate of Return (5 years)
- -15.5%
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:
| $3,500,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$2,800,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $700,000 |
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:
| $105,000 |
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:
| $805,000 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 5,599 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $625 |
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:
| $1.13 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $2,800,000 |
|---|---|
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:
| $16,563 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,144 |
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:
| $441 |
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:
| $18,148 |
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:
| $6,300 | $75,600 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$378 | -$4,536 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $5,922 | $71,064 |
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. | 18% | -$1,144 | -$13,728 |
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% | -$441 | -$5,292 |
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% | -$504 | -$6,048 |
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% | -$315 | -$3,780 |
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% | -$315 | -$3,780 |
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% | -$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 | 46% | -$2,881 | -$34,572 |
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:
| $3,041 | $36,492 |
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. | -$16,563 | -$198,756 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$13,522 | -$162,264 |