$1,075,000
Investment Summary
- Monthly Cash Flow
- -$1,551
- Cap Rate
- 3.9%
- Cash-on-Cash Return
- -7.5%
- Debt Coverage Ratio
- 0.70
- Internal Rate of Return (5 years)
- -3.3%
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
MOTIVATED SELLERS! Prepare to embrace the pinnacle of estate living at Stonegate Manor, a historic and magnificent Georgian country estate situated on 5.5 lush acres in the heart of Crystal Lake. Built circa 1935, this property offers a blend of timeless appeal, architectural beauty, and breathtaking views. As you approach via the classic gated entrance, a private driveway lined with age-old oaks leads to this secluded sanctuary. The elegant flagstone turnabout welcomes guests, leading to two paved entrance paths that direct them to the arched main doorway. Two front parking spaces sit adjacent to the entry. A second turnabout provides access to the pole barn, offering space for oversized vehicles such as motorhomes and trailers. This grand estate is an architectural treasure, rich in history and stunningly preserved. The 4-bedroom, 4-bathroom home spans 4,500 square feet of living space, with three wood-burning fireplaces adding warmth and character. The home retains original 1930s features, including hardwood floors, stair railings, and light fixtures, maintaining its historic charm. The master suite is a private retreat, complete with a fireplace, balcony, and a custom ceiling that creates an inviting space for relaxation. At the heart of the home is the massive gourmet kitchen, featuring a granite-topped island, commercial cooking equipment, vaulted ceilings with open barn wood beam gables, a wet bar, and ample space for entertaining. Modern updates, including new air conditioning and heating systems, dual water heaters, a septic system, radon mitigation, and advanced water purification, ensure comfort while seamlessly integrating with the home's vintage character. The estate offers both forced air and baseboard heating for year-round comfort. The finished portion of the basement includes a 24 x 24 den and a gym, offering additional space for wellness and leisure. The unfinished portion includes a mudroom, a tack room, and updated mechanicals next to the original coal chute. The attached two-car garage, once the carriage house, provides indoor parking, with the antique fire door offering a link to the estate's heritage. Outdoor living is equally impressive. Stonegate Manor features gardens, original 1930s stone walls, a poolside entertainment courtyard, flowing patios, and multi-level decks. The 18 x 36 in-ground pool is perfect for warm summer days, while the koi pond adds tranquility. The three-car detached garage/pole barn provides space for over six vehicles, ideal for car enthusiasts or hobbyists. For equestrian enthusiasts, the property is zoned for horses and features ample grounds for horseback riding or additional facilities. Remnants of the original pastures remain, and the pole barn could easily accommodate horse stalls. Nearby hiking trails add to the recreational opportunities, making this estate not just a home but a retreat. Stonegate Manor is ideally located minutes from downtown Crystal Lake, offering both seclusion and convenience. The property is a short drive to Metra stations for easy access to Chicago, as well as close to shopping, dining, and award-winning schools. The nearby Three Oaks Recreation Area provides outdoor activities, including kayaking and hiking. This estate, with its history, stunning features, and proximity to amenities, presents an extraordinary opportunity for a discerning buyer. Whether you're looking to raise a family, entertain, or embrace a peaceful lifestyle, Stonegate Manor is the perfect place to put down roots and create lasting memories. Don't miss this rare chance to own one of Crystal Lake's most iconic homes. **This home has been featured as a Dream Home with the Chicago Tribune and aired on nationally televised show: The American Dream in 2025! **
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Location
Property Details
Parking
- Description: Driveway, Direct Access, Circular Driveway, Oversized, Rear/Side Entry
- Details: Asphalt, Garage Door Opener, Garage, On Site, Attached, Detached, Driveway, Direct Access, Circular Driveway, Oversized, Garage Faces Side, Other
- Garage Spaces: 5
- Spaces Total: 7
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 10
- # of Stories: 1
- Basement: Yes
- Basement Description: Finished, Exterior Entry, Concrete, Storage Space, Full, Walk-Out Access
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Roof Material: Asphalt
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 1428400012
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Mediterranean, Traditional, Tudor
- Year Built: 1935
Tax Information
- Annual Tax: $15,523
Utilities
- Water & Sewer: Well
- Heating: Natural Gas, Forced Air, Steam, Baseboard, Radiant, Radiant Floor
- Cooling: Ceiling Fan(s), Whole House Fan, Central Air
Location
- County: Mc Henry
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,551
- Cap Rate
- 3.9%
- Cash-on-Cash Return
- -7.5%
- Debt Coverage Ratio
- 0.70
- Internal Rate of Return (5 years)
- -3.3%
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:
| $1,075,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$860,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $215,000 |
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:
| $32,250 |
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:
| $247,250 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 4,497 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $239 |
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:
| $1.56 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $860,000 |
|---|---|
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:
| $5,087 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,294 |
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:
| $490 |
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:
| $6,871 |
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:
| $7,000 | $84,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$420 | -$5,040 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $6,580 | $78,960 |
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% | -$1,294 | -$15,523 |
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% | -$490 | -$5,880 |
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% | -$560 | -$6,720 |
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% | -$350 | -$4,200 |
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% | -$350 | -$4,200 |
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. | n/a | n/a | n/a |
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 | 43% | -$3,044 | -$36,523 |
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:
| $3,536 | $42,432 |
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. | -$5,087 | -$61,044 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $1,551 | $18,612 |