$1,799,000
Investment Summary
- Monthly Cash Flow
- -$7,319
- Cap Rate
- 0.8%
- Cash-on-Cash Return
- -21.2%
- Debt Coverage Ratio
- 0.14
- Internal Rate of Return (5 years)
- -16.5%
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
MOUNTAIN MODERN HOME WITH NEARLY 4,000 SQFT OF INDOOR/OUTDOOR ENTERTAINMENT SPACE — SPECTACULAR VIEWS OF THE FAIRWAY, PONDEROSAS & GRANITE DELLS - A TRUE RARITY TO HAVE ALL 3 UNDER A MASSIVE WOOD-BEAMED PATIO— Nestled in the heart of Arizona's stunning Rim Country, this exceptional Mountain Modern single-level home offers 2,786 sq. ft. of luxurious living space, all with breathtaking views of the Granite Dells and one of Chaparral Pine's finest fairways - Hole #10. This recently built custom ranch home offers unparalleled privacy and tranquility, with stunning views on a sprawling three-quarter plus acre private lot (.83), featuring lush landscaping and towering ponderosa pines. It's an entertainers dream with more than 3,800SqFt of space to hosts all your guests. The seamless sing Come See This Gorgeous Mountain Modern Home Nestled in the heart of Arizona's stunning Rim Country, this exceptional Mountain Modern single-level home offers 2,786 sq. ft. of luxurious living space, all with breathtaking views of the Granite Dells and one of Chaparral Pine's finest fairways - Hole #10. This recently built custom ranch home offers unparalleled privacy and tranquility, with stunning views on a sprawling three-quarter plus acre private lot (.83), featuring lush landscaping and towering ponderosa pines. It's an entertainers dream with more than 3,800SqFt of space to hosts all your guests. The seamless single-level Great Room and Outdoor Patio will WOW your family and guests alike. Designed for both comfort and elegance, you'll be welcomed by beautiful stone pillars and a wood-beamed porch with no-fuss landscaping and warm lighting. Upon entering the home, you'll be welcome by an oversized knotty alder door that leads into an expansive dining & great room area and a gorgeous chef-inspired kitchen. The open-concept design seamlessly connects to an oversized patio and peaceful landscape, creating the perfect backdrop for relaxation and entertainment. The highlight of the home is its incredible 1,100 sq. ft. ceramic tile patio, providing ample space for outdoor gatherings and taking in the stunning views. The seamless flow between the single-level great room and the patio makes this home ideal for hosting family and friends in a setting that's both private and picturesque. Whether you're relaxing in the luxurious interiors or enjoying the fresh mountain air outdoors, this home is designed to offer a lifestyle of comfort, elegance, and natural beauty. And that's not all!!! Entertain your guests with a delicious cocktail in the evenings or a hot coffee in the morning with one of two beverage bars with high-end granite, custom pull-out fridge and icemaker drawer. When it time to retire for the evening, you'll be treated to a spacious master suite, complete with a spa-like en-suite bathroom, while your guests will be invited to choose between two private en-suites of their own featuring the ultimate in convenience and quite comfort. And don't forget to visit your unique ''Mountain Overlook'' - sort of a private zen spot with a terrific view of the 10th Fairway with the Granite Dells in the distance. Sit back, relax, unwind and enjoy a beverage while you surround yourself with all the splendor of Chaparral Pines & Payson. This home truly captures the essence of mountain living with modern luxury. Don't miss out on the opportunity to make this exceptional property your new home. Schedule a private tour today! KEY FEATURES: - Large Great Room with 16-ft Ceilings for enhanced exterior view - Coffee Bar & Beverage Bar with custom fridge & icemaker - Chef's Kitchen with 6-Burner Gas Stove - Extended Length 3-Car Garage (24ft in Length) w/Enclosed Storage Closet - Golfer's Overlook - view of the Granite Dell's & 10th Fairway - Sprawling 1100 Square Foot Patio with lush landscape views & custom fire pit - Large Office Space & Additional Library Room - Insulated foam throughout the house including the garage - Stone & Wood Beam Accents in the Entry & Patio - Custom Paver Driveway And there's so much more!!!!!
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Location
Property Details
Parking
- Description: Attached Garage
- Details: Garage Door Opener
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Total): 4.0
Interior Features
- # of Stories: 1
- Fireplace: Yes
Exterior Features
- Roof Material: Composition, Metal
HOA
- Has HOA: Yes
- Association: Chap Pines Cmmty
- HOA Fee: $562/quarterly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 30287002
- Lot Size: 36155 sqft
Property Information
- Property Type: Single Family Residence
- Style: Ranch
- Year Built: 2023
Tax Information
- Annual Tax: $7,441
Utilities
- Water & Sewer: Public
- Heating: ENERGY STAR Qualified Equipment, Ceiling, Propane
- Cooling: Central Air, Ceiling Fan(s), ENERGY STAR Qualified Equipment
Location
- County: Gila
Listing Details
Investment Summary
- Monthly Cash Flow
- -$7,319
- Cap Rate
- 0.8%
- Cash-on-Cash Return
- -21.2%
- Debt Coverage Ratio
- 0.14
- Internal Rate of Return (5 years)
- -16.5%
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:
| $1,799,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,439,200 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $359,800 |
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:
| $53,970 |
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:
| $413,770 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,746 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $655 |
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:
| $1.06 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,439,200 |
|---|---|
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:
| $8,513 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $620 |
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:
| $203 |
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:
| $9,336 |
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:
| $2,900 | $34,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$174 | -$2,088 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,726 | $32,712 |
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. | 21% | -$620 | -$7,441 |
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% | -$203 | -$2,436 |
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% | -$232 | -$2,784 |
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% | -$145 | -$1,740 |
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% | -$145 | -$1,740 |
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. | 6% | -$187 | -$2,244 |
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 | 53% | -$1,532 | -$18,385 |
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:
| $1,194 | $14,328 |
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. | -$8,513 | -$102,156 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $7,319 | $87,828 |