$1,169,500
Investment Summary
- Monthly Cash Flow
- -$3,507
- Cap Rate
- 2.1%
- Cash-on-Cash Return
- -15.6%
- Debt Coverage Ratio
- 0.37
- Internal Rate of Return (5 years)
- -11.1%
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
NEW LOTS WITH LAKE MINNETONKA VIEWS available to build your dream home! They are private, wooded, southern exposure W/O lots on a no outlet road overlooking wetlands with beautiful views of Lake Minnetonka! Visit our Sales Center next door at 5129 Waterbury Rd., during open houses and by appointment to meet the builder to learn more! Other home plans at different price points are available to fit your lifestyle and budget. Home with lot packages starting at $850K This TO BE BUILT is the 1st home of a new 3 lot development, all with lake views. A peaceful natural setting! The lots sit up high above scenic wetlands which assures privacy as no one can build behind you. Presenting our new Birchwood open concept rambler design. The interior features the beauty of nature, timeless craftsmanship with the perfect balance of enameled and natural woodwork, tile and stone! Custom cabinetry & millwork, hardwood floors with high end finishes throughout. Main level living features high ceilings and walls of windows with amazing views. Convenient office with barn door, wainscoting walls & built-in shelves; light filled great room with beam ceiling, large windows and stone FP with built-ins. Centerpiece gourmet kitchen features everything expected with large center island complete with desirable prep pantry. Inviting sun room has vaulted ceiling with beams, lots of windows for views of the woods and wetlands, includes stone FP that opens to a large deck for outdoor living. Luxurious primary suite with private views features bath with ceramic tile, heated floor, walk-in shower, freestanding tub, separate vanities, his & hers walk-in closets with laundry. The Lower Level is designed for health, relaxing and entertaining. Large family room with FP, room for big screen TV, pool table area, full wet bar, two additional bedrooms and two baths and a flex/exercise room which leads to an opt. patio/hot tub area to enjoy. Finished mechanical room with full laundry and storage completes the lower level. Finished & heated 3 car garage & landscape package. Truly a high quality, custom home! All three homes will compliment each other and be designed to fit in with the wooded, natural and private setting. If the Birchwood plan does not meet your needs, select one of our other beautiful, well designed home plans from traditional to cottage style or contemporary that can be customized or we can partner with you to design your dream home that fits perfectly to your wants, life style and budget! Select the finishes and colors to make the home truly yours! The building sites are a blank canvas with endless possibilities! Close to lakes & parks and shopping. Award winning Westonka Schools! Utilize one of the nearby boat launches or lease a boat slip at one of the nearby marinas and you will be on Lake Minnetonka in a matter of minutes. The building sites are ready for permitting and all utilities are in and available. Make an appointment with the builder now to walk the lots to see the beautiful views and secure the building site and do design and budget work for starting construction this summer! *Please Note: There are options and upgrades shown that are above the base price listed. Final price for the home package will depend on the actual upgrades and options selected. Contact the builder for further details on pricing. The existing home on this lot as well as the home next door at 5129 Waterbury Rd. to be removed. Please do not walk the property without the builder or turn around in the neighbor's driveways. Thank you!
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Location
Property Details
Parking
- Description: Attached Garage, Concrete, Electric Vehicle Charging Station(s), Floor Drain, Garage Door Opener, Heated Garage, Insulated Garage
- Details: Concrete, Garage Door Opener, Heated Garage
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 1
- # of Baths (Partial): 1
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 10
- # of Stories: 1
- Basement: Yes
- Basement Description: Finished, Concrete, Walk-Out Access, Storage Space, Sump Pump
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Wood
- Roof Type: Gable
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 2511724120134
- Lot Size: 11478 sqft
Property Information
- Property Type: Single Family Residence
- Style: (SF) Single Family
- Year Built: 2025
Tax Information
- Annual Tax: $2,171
Utilities
- Heating: Forced Air, Other
Location
- County: Hennepin
Listing Details
Investment Summary
- Monthly Cash Flow
- -$3,507
- Cap Rate
- 2.1%
- Cash-on-Cash Return
- -15.6%
- Debt Coverage Ratio
- 0.37
- Internal Rate of Return (5 years)
- -11.1%
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:
| $1,169,500 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$935,600 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $233,900 |
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:
| $35,085 |
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:
| $268,985 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,810 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $307 |
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:
| $0.84 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $935,600 |
|---|---|
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:
| $5,534 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $181 |
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:
| $224 |
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:
| $5,939 |
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:
| $3,200 | $38,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$192 | -$2,304 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,008 | $36,096 |
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. | 6% | -$181 | -$2,171 |
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% | -$224 | -$2,688 |
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% | -$256 | -$3,072 |
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% | -$160 | -$1,920 |
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% | -$160 | -$1,920 |
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 | 31% | -$981 | -$11,771 |
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:
| $2,027 | $24,324 |
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. | -$5,534 | -$66,408 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $3,507 | $42,084 |