$2,020,000
Investment Summary
- Monthly Cash Flow
- -$5,764
- Cap Rate
- 2.3%
- Cash-on-Cash Return
- -14.9%
- Debt Coverage Ratio
- 0.40
- Internal Rate of Return (5 years)
- -10.4%
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
This Trappers Ridge gem underpromises and over-delivers! Surprisingly modest from the street the wow factors just keep coming once you cross the threshold of this unique beauty!Situated on one of the best lots in the community, adjacent to open space,this extraordinary home offersunmatched luxury, comfort, and breathtaking panoramic views ofNordic Valley, Pineview Reservoir, Ben Lomond Peak, and Snowbasin. The home boasts one of the largest and most open floor plans in the neighborhood, featuring expansive living and dining areas, a built-in bar, a stone gas fireplace, and a custom-painted antique white kitchen. Designed for both hosting and everyday living, the entertainer's kitchen includes a Wolf range, two Asko dishwashers, a Sub-Zero refrigerator/freezer, a copper farmhouse sink, an expansive island, and an ice maker. A wet bar with a Sub-Zero under-counter refrigerator/freezer and ice maker adds further convenience. The home is equipped with two hot water heaters with recirculation for instant hot water, ensuring comfort and efficiency.The main flooralsoincludes an en-suite bedroom and an enormous laundry room complete with alder built-ins, a tub sink, and an island. Upstairs, the luxurious primary suite features two walk-in closets with built-ins and two skylights that bathe the space in natural light.Two additional bedrooms provide ample space for family or guests, each thoughtfully designed with comfort in mind. The office, complete with custom built-ins and a sleek granite slab workspace, creates the perfect setting for productivity or creative pursuits.This level seamlessly blends practicality with luxury, making it a true retreat within the home. The walkout basementoffers additional living space with akitchenette, a pool table, a third en-suite bedroom with a walk-in closet, two additional bedrooms, ample storage, and a commercial projector in the spacious theater room, creating the ultimate entertainment space. Thegym room could also be used as an owner lockout, adding flexibility and privacy for homeowners or potential renters. The home boasts three separate gathering areas-one on each level-providing plenty of space to relax and unwind. Outdoor living is elevated with the largestcustomdeck in the neighborhood-an 888-square-foot space perfect for taking in the breathtaking surroundings. The hot tubbelowisideallypositioned for soaking while enjoying the panoramic views creating a truly tranquil retreat. Mature landscaping enhances the curb appeal, while modern amenities-such as two AC units and two furnaces with independent temperature controls for the basement and upstairs-ensure year-round comfort. Additional premium finishes include a central vacuum system, solid core doors, unique granite countertops throughout, and freshly refinished one-inch-thick wide-plank pine floors. The home was repainted in 2023 for a fresh, updated look. Trappers Ridge offers outstanding community amenities, including a clubhouse, swimming pool, hot tub, tennis courts, and the convenience of a lock-and-leave lifestyle. One of the few developments in the area zoned for nightly rentals, this home presents an excellent investment opportunity. Ideally located just minutes from Powder Mountain and Snowbasin, as well as hiking, biking, and water activities, this property offers unparalleled access to world-class outdoor recreation. With its spacious yet cozy layout, high-end finishes, and unbeatable location, this home is perfect as a primary residence, second home, or income-generating investment. All property information, boundaries and documents to be verified by buyer.
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Location
Property Details
Parking
- Description: Rv Parking
- Details: RV Access/Parking, Attached
- Garage Spaces: 3
- Spaces Total: 3
Bedroom Information
- # of Bedrooms: 7
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Partial): 1
- # of Baths (Total): 6.0
Interior Features
- # of Rooms: 22
- # of Stories: 3
- Basement: Yes
- Basement Description: Daylight, Full, Walk-Out Access
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Siding (Alum/Vinyl)
- Roof Material: Asphalt
- Pool: Yes
HOA
- Has HOA: Yes
- Association: trappersridgehoa.com
- HOA Fee: $790/quarterly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 222610020
- Lot Size: 3484 sqft
Property Information
- Property Type: Single Family Residence
- Style: Rambler/Ranch
- Year Built: 2007
Tax Information
- Annual Tax: $8,433
Utilities
- Heating: Central, Natural Gas, Forced Air
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Weber
Listing Details
Investment Summary
- Monthly Cash Flow
- -$5,764
- Cap Rate
- 2.3%
- Cash-on-Cash Return
- -14.9%
- Debt Coverage Ratio
- 0.40
- Internal Rate of Return (5 years)
- -10.4%
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:
| $2,020,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,616,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $404,000 |
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:
| $60,600 |
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:
| $464,600 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 6,994 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $289 |
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:
| $0.99 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,616,000 |
|---|---|
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:
| $9,559 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $703 |
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:
| $483 |
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:
| $10,745 |
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:
| $6,900 | $82,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$414 | -$4,968 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $6,486 | $77,832 |
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. | 10% | -$703 | -$8,433 |
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% | -$483 | -$5,796 |
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% | -$552 | -$6,624 |
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% | -$345 | -$4,140 |
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% | -$345 | -$4,140 |
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. | 4% | -$263 | -$3,156 |
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 | 39% | -$2,691 | -$32,289 |
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:
| $3,795 | $45,540 |
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. | -$9,559 | -$114,708 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $5,764 | $69,168 |