$950,000
Investment Summary
- Monthly Cash Flow
- -$1,735
- Cap Rate
- 3.5%
- Cash-on-Cash Return
- -9.5%
- Debt Coverage Ratio
- 0.61
- Internal Rate of Return (5 years)
- -5.2%
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
Nestled in a lifestyle-driven neighborhood on a quiet cul-de-sac, your dream home awaits! BRAND NEW SEPTIC SYSTEM in 2024! In the sought-after West Oaks development, enjoy Bald Eagle Lake access with a dedicated boat slip, exclusive marina parking, and immaculately kept dual-use tennis and pickleball courts that paint the picture of what residents LOVE. Luxury, community, and recreation offer resort-style living with the benefit of a tight-knit, welcoming community. This is not just a neighborhood; it's a lifestyle. High-end finishes and exceptional outdoor spaces make this elegant two-story home feel like a dreamy getaway. Spacious living areas and panoramic views throughout. Four generously sized bedrooms, including the primary suite complete with a luxurious ensuite bathroom and ample closet space with built-in organization. The 2022 renovated kitchen serves as the heart of this home, flowing seamlessly to all living areas and outdoor entertaining spaces. Updates include black granite countertops, high-end cherry cabinetry, marble backsplash, luxury vinyl flooring and high end Bosch appliances. The custom cabinetry maximizes the space with pull-out pantry shelves, a designated beverage station with refrigerator and extra deep pull out drawers. Large glass windows and doors frame the expansive rear property views: Over an acre parcel with extensive gardens, backing up to roughly 60 acres of city wetland that border the North end of Otter Lake. The warmth and comfort of the home extends to the large lower level including custom built-ins, wood burning fireplace, tons of storage, a 3/4 bath and an additional flex room. Windows line the entire back wall making the lower level a brightly lit and comfortable space. Easily access the back patio to the stunning landscape. Entertain outdoors with a view - front paver patio enjoys lake views and the serenity of the quiet cul-de-sac shared by just 3 other homes. Relax on the large deck with pergola and sun shade, host guests at the built-in bar and grill, or gather around the fire pit for cozy evenings. A gardener's paradise beautifully executed with deer-proof flowers and perennials. The surrounding acres of wetlands not only provide privacy but also enhances the sense of tranquility and connection to nature. Each space is designed for function and comfort while also capitalizing on the stunning landscape. Legally located in Lino Lakes within Anoka County, the property enjoys the best of both Lino living and the perks of the White Bear Lake community. White Bear school district and minutes from the shops and restaurants of charming downtown White Bear, you'll quickly feel at home in this vibrant setting. Don’t miss the opportunity to own a slice of paradise where every day is an adventure, and community connection thrives. Seller has already paid the 2025 boat slip fee! Cedar Shake Roof - 2008, Brazilian cherry flooring, 2010, Outdoor bar 2015, Furnace, Hot water heater, washer, dryer 2018, Primary Bath Total Renovation 2020, deck railings & pergola 2020, Full kitchen renovation 2022, New septic system, new well pump, new carpet 2024.
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Location
Property Details
Parking
- Description: Attached Garage, Driveway - Other Surface, Finished Garage, Garage Door Opener, Guest Parking, Heated Garage, Insulated Garage, Storage
- Details: Garage Door Opener, Heated Garage, Storage
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Partial): 1
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 19
- # of Stories: 2
- Basement: Yes
- Basement Description: Finished, Walk-Out Access, Storage Space
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Roof Type: Gable
- Roof Material: Shake
HOA
- Has HOA: Yes
- Association: West Oaks Homeowners Association
- HOA Fee: $483/annually
Land Information
- Land Use: Residential
- Land Use Subtype: General - Single
Lot Information
- Parcel ID: 363122410015
- Lot Size: 52272 sqft
Property Information
- Property Type: Single Family Residence
- Style: (SF) Single Family
- Year Built: 1986
Tax Information
- Annual Tax: $7,792
Utilities
- Water & Sewer: Well
- Heating: Forced Air
Location
- County: Anoka
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,735
- Cap Rate
- 3.5%
- Cash-on-Cash Return
- -9.5%
- Debt Coverage Ratio
- 0.61
- Internal Rate of Return (5 years)
- -5.2%
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:
| $950,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$760,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $190,000 |
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:
| $28,500 |
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:
| $218,500 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,053 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $311 |
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:
| $1.64 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $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:
| $4,496 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $649 |
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:
| $350 |
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:
| $5,495 |
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:
| $5,000 | $60,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$300 | -$3,600 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,700 | $56,400 |
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. | 13% | -$649 | -$7,792 |
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% | -$350 | -$4,200 |
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% | -$400 | -$4,800 |
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% | -$250 | -$3,000 |
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% | -$250 | -$3,000 |
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. | 1% | -$40 | -$480 |
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% | -$1,939 | -$23,272 |
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:
| $2,761 | $33,132 |
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. | -$4,496 | -$53,952 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $1,735 | $20,820 |