$2,200,000
Investment Summary
- Monthly Cash Flow
- -$5,994
- Cap Rate
- 2.4%
- Cash-on-Cash Return
- -14.2%
- Debt Coverage Ratio
- 0.42
- Internal Rate of Return (5 years)
- -9.8%
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
Experience unparalleled elegance and thoughtful enhancements in this extraordinary 7-bedroom, 5.1-bath estate, boasting over 6,000 square feet of exquisitely finished living space in Downers Grove's most prestigious neighborhood! Since its purchase, the home has undergone a series of exceptional upgrades, including rich hardwood flooring throughout the upper level, premium basement flooring, ultra-thick quartz countertops, and a custom-built coffee bar in the primary suite. Enjoy state-of-the-art amenities such as a Foresight Falcon golf simulator and a private sauna. Additional bespoke features include a custom-designed bunk bed system with four twin beds, updated light fixtures and bathroom faucets throughout, and extended floor-to-ceiling cabinetry in the Jack and Jill bathroom, laundry room, and mudroom. A whole-house water filtration system and elegant window treatments complete these remarkable upgrades. This 2024-built masterpiece is where modern luxury meets timeless elegance. A striking wraparound porch welcomes guests into a warm, community-centered environment, where neighbors gather and family memories are made. Perfectly positioned within the esteemed Lester School District, residents enjoy walkable access to Hummer Park, downtown Downers Grove's charming boutiques and restaurants, and the Metra station. Constructed with premium materials, the home showcases LP SmartSide siding with stone accents, an underground sprinkler system, and oversized Pella windows that bathe every room in natural light. Inside, soaring 10-foot ceilings, hand-selected designer lighting-from Anthropologie to Mitchell Gold + Bob Williams and globally sourced pieces from Morocco and India-pair beautifully with rich hardwood floors to create a refined yet welcoming ambiance. The chef's kitchen is the heart of the home, featuring top-tier Sub-Zero and Wolf appliances, a walk-in pantry, designer cabinetry, and an 8.5-foot island and countertops topped with ultra-thick quartz. A stylish butler's pantry includes a wine fridge, making entertaining effortless. Multiple living and gathering spaces include a sunlit family room with a gas fireplace, a formal dining room, and a private first-floor guest suite with a full bath and walk-in closet. Upstairs, the primary suite offers a serene retreat, complete with a spa-inspired bathroom, dual vanities, a soaking tub, frameless glass shower, a spacious walk-in closet, and a custom coffee bar. Four additional bedrooms are configured with Jack-and-Jill and private ensuites, while the well-appointed laundry room features a sink and extended cabinetry. All kitchen, bathroom, laundry, and basement bar faucets have been upgraded to premium, hand-assembled Ztrends fixtures, adding both elegance and quality throughout. The finished lower level impresses with 10-foot ceilings, a seventh bedroom, luxury bath, sauna, and a fully equipped golf simulator lounge featuring the Foresight Falcon system. The setup includes 25 courses, Foresight Fairgrounds carnival games, an Awesome Golf subscription, and the TruGolf Multisport Add-On-all powered by a high-performance gaming PC with an Nvidia RTX 470 for seamless, immersive play. Outdoor living is equally refined, with a covered rear porch, a 14x16 paver patio, and a professionally landscaped corner lot-ideal for morning coffee, summer barbecues, or festive holiday gatherings. With a builder warranty valid through July and a location near award-winning District 58 and 99 schools, the historic Tivoli Theatre, and beloved local events, this home is more than a luxury residence-it's a place where memories are made, and traditions begin.
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Location
Property Details
Parking
- Description: Garage
- Details: Concrete, Garage Door Opener, Garage, On Site, Attached
- Garage Spaces: 3
- Spaces Total: 3
Bedroom Information
- # of Bedrooms: 7
Bathroom Information
- # of Baths (Full): 5
- # of Baths (Partial): 1
- # of Baths (Total): 6.0
Interior Features
- # of Rooms: 13
- Basement: Yes
- Basement Description: Finished, Storage Space, Full, Daylight
- Fireplace: Yes
Exterior Features
- Foundation: Concrete Perimeter
- Roof Material: Asphalt
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 0905421030
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Bi-Level
- Year Built: 2024
Tax Information
- Annual Tax: $19,863
Utilities
- Water & Sewer: Public
- Heating: Natural Gas, Forced Air
- Cooling: Central Air, Zoned
Location
- County: Du Page
Listing Details
Investment Summary
- Monthly Cash Flow
- -$5,994
- Cap Rate
- 2.4%
- Cash-on-Cash Return
- -14.2%
- Debt Coverage Ratio
- 0.42
- Internal Rate of Return (5 years)
- -9.8%
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:
| $2,200,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,760,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $440,000 |
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:
| $66,000 |
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:
| $506,000 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 6,431 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $342 |
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:
| $1.37 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,760,000 |
|---|---|
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:
| $10,411 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,655 |
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:
| $616 |
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:
| $12,682 |
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:
| $8,800 | $105,600 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$528 | -$6,336 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $8,272 | $99,264 |
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. | 19% | -$1,655 | -$19,863 |
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% | -$616 | -$7,392 |
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% | -$704 | -$8,448 |
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% | -$440 | -$5,280 |
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% | -$440 | -$5,280 |
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 | 44% | -$3,855 | -$46,263 |
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:
| $4,417 | $53,004 |
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. | -$10,411 | -$124,932 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $5,994 | $71,928 |