$849,900
Investment Summary
- Monthly Cash Flow
- -$2,560
- Cap Rate
- 2.1%
- Cash-on-Cash Return
- -15.7%
- Debt Coverage Ratio
- 0.36
- Internal Rate of Return (5 years)
- -11.2%
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
Incredible Opportunity in the Heart of Scarsdale! Located in one of the most coveted neighborhoods and surrounded by multi-million dollar homes, this property offers the perfect canvas to create your dream residence. Whether you're looking to renovate, refresh, or reimagine, the potential here is undeniable. Nestled in the heart of Scarsdale, this home boasts an unbeatable location-just moments from top-rated schools, charming village shops, dining, and Metra Train for an easy Chicago commute. The established neighborhood is lined with mature trees and showcases timeless estate properties, making this a rare opportunity to invest in a premier setting. Bring your vision and your contractor-this is your chance to design a home that reflects your personal style in one of Arlington Heights most desirable neighborhoods. Step onto the gracious covered front porch, perfect for welcoming family, neighbors, and friends. Inside, you'll instantly feel the soul of the home. Vintage craftsmanship, original hardwood floors, crown moldings, wood-paneled doors, and heirloom-style trim work tell a story of timeless elegance-offering the ideal backdrop for your modern updates and personal design vision. The expansive formal foyer sets a tone of refined hospitality. The sun-drenched living room, anchored by a striking gas fireplace, invites warm gatherings and lively conversation. Walls of windows bathe the space in natural light, and a French door opens to an enclosed porch-a peaceful haven to enjoy your morning coffee or unwind with a good book. Host unforgettable dinners in the formal dining room, which flows seamlessly into the thoughtfully renovated (2017) kitchen. Marrying vintage character with modern convenience, the kitchen features Amish-inspired white cabinetry, glass-front uppers, soapstone countertops, a center island, and built-in banquette nook with custom cushions. A sunny garden window completes this cozy, functional space. Also on the main floor is a full bathroom and a versatile Home Office or use as your 4th bedroom-perfect as a guest suite. Custom built-ins provide extra storage or bar space, and French doors open to the enclosed porch for extended living. Upstairs, a charming reading nook welcomes you to the second level. The Primary Suite highlights an alcove ceiling and built in storage bench beneath a window. Private Full Bathroom and walk in closet complete the space. A rear staircase offers an additional convenience and added privacy to the Primary Suite. Bedroom 2 includes custom office built ins, ideal for an incredible homework/project center for your students, three closets, and French door to a private balcony. A shared bath (renovated in 2001) connects to the 3rd bedroom and features dual vanities, timeless cabinetry, and a glass-enclosed shower. Bedroom 3 also has great closet spaces and can be accessed using the front or back staircase. The finished basement expands your living space with a cozy recreation room, stone-front fireplace, laundry area with sink, workshop, and generous storage. This home has been lovingly maintained, with key updates already in place: *HVAC & Humidifier (2018) * Water Heater (2024) *Kitchen Remodel with Appliances (2017) *Windows (2015) * 2 Sump Pumps (2021)* Yet, there's still room to bring your creativity and modern touches to life-whether it's refreshing bathrooms, reimagining interior spaces, or adding your own designer finishes. Landscaped yard offers year-round beauty, mature trees, and a party-sized deck perfect for gatherings. Just steps to vibrant downtown Arlington Heights and top-rated schools, the location is truly second to none. This is more than a home-it's a timeless treasure with extraordinary potential. A rare opportunity to preserve the past, enjoy the present, and create the future you've always envisioned.
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Location
Property Details
Parking
- Description: Attached Garage
- Details: Asphalt, Garage Door Opener, On Site, Attached, Garage
- Garage Spaces: 2
- Spaces Total: 2
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Total): 3.0
Interior Features
- # of Rooms: 11
- # of Stories: 1
- Attic: Yes
- Basement: Yes
- Basement Description: Sump Pump, Finished, Full
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Wood
- Foundation: Concrete Perimeter
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 0332228038
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 1939
Tax Information
- Annual Tax: $19,719
Utilities
- Heating: Natural Gas, Forced Air
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Cook
Listing Details
Investment Summary
- Monthly Cash Flow
- -$2,560
- Cap Rate
- 2.1%
- Cash-on-Cash Return
- -15.7%
- Debt Coverage Ratio
- 0.36
- Internal Rate of Return (5 years)
- -11.2%
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:
| $849,900 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$679,920 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $169,980 |
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:
| $25,497 |
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:
| $195,477 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,592 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $328 |
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:
| $1.74 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $679,920 |
|---|---|
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:
| $4,022 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,643 |
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:
| $315 |
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:
| $5,980 |
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:
| $4,500 | $54,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$270 | -$3,240 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,230 | $50,760 |
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. | 37% | -$1,643 | -$19,720 |
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% | -$315 | -$3,780 |
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% | -$360 | -$4,320 |
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% | -$225 | -$2,700 |
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% | -$225 | -$2,700 |
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 | 62% | -$2,768 | -$33,220 |
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:
| $1,462 | $17,544 |
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. | -$4,022 | -$48,264 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $2,560 | $30,720 |