$1,849,500
Investment Summary
- Monthly Cash Flow
- -$6,845
- Cap Rate
- 1.2%
- Cash-on-Cash Return
- -19.3%
- Debt Coverage Ratio
- 0.22
- Internal Rate of Return (5 years)
- -14.7%
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 luxury in this netzero, solar-powered, energy-independent custom home with breathtaking Superstition Mountain Views. Welcome to this stunning residence, thoughtfully designed to capture the panoramic views of the majestic area. Situated on an expansive 26,136 sq. ft. lot within the prestigious Superstition Mountain Golf & Country Club, this home offers the perfect blend of elegance, and functionality in a Lyle Anderson, 24-hour guard-gated community known for its world-class amenities and tranquil atmosphere. Step inside through a dramatic grand entryway featuring soaring, 20-foot, coffered ceilings. A floor-to-ceiling stone fireplace with a custom mesquite wood mantle that anchors the living space, while wall-to-wall cornerless glass windows, seamlessly frame the awe-inspiring mountain vistas and overlook the saltwater pool and spa. This meticulously crafted 3-bedroom, 3.5-bathroom home includes all en-suite bedrooms with walk-in closets, along with a separate formal dining room, media room/office, craft room, and a full bar complete with a sink and wine refrigerator. Every detail speaks of quality and craftsmanship, from the travertine stone mosaic inlay flooring and matching custom cabinetry, to the ambient LED ceiling strip lighting, solid-core doors, Emtek hardware, and elegant window treatments with rich wood shutters. The gourmet kitchen is a culinary masterpiece, equipped with top-of-the-line Thermador stainless steel appliances, including a 72" side-by-side refrigerator/freezer, double ovens, 6-burner natural gas range, dual sinks (one on the oversized center island), and dual disposals for added convenience. Bullnose granite countertops, extra-deep soft-close drawers, and an oversized island with breakfast bar seating make this kitchen as functional as it is beautiful. An adjoining breakfast room and sliding doors open directly to the patio and pool. Perfect for everyday living and effortless entertaining. The private primary suite is a serene sanctuary, featuring an octagon-shaped morning room with a cozy fireplace and wraparound windows that perfectly capture the views. The spa-inspired bathroom includes a hydrotherapy Air Bath with thermo-air massage (a newer, more advanced alternative to whirlpool tubs), dual vanities, side-by-side glass-enclosed showers, dual walk-in closets, and a separate water closet. The outdoor living space is nothing short of extraordinary. Enjoy the sparkling saltwater pool and spa, covered by a lifetime heat pump warranty. Entertain effortlessly with a built-in BBQ and separate built-in pizza oven, an outdoor fireplace, multiple patios, and a spacious rooftop deck offering 360-degree views of the Superstitions, Dinosaur Mountains, city lights, and endless sunsets. Additional features include a three-car garage with space for a lift, a 240-volt EV charging station, a smaller air-conditioned garage ideal for a scooter, Vespa, or motorcycle, an office/workshop with its own private patio, abundant built-in storage, and a central vacuum system. As part of the exclusive Lyle Anderson community, residents have the option to join the private club and enjoy 36 holes of Nicklaus-designed golf, a 50,000 sq. ft. clubhouse, and a vibrant social calendar. Nature lovers will appreciate the nearby Superstition Mountains and the Tonto National Forest, offering 2.9 million acres of wilderness, hiking, off-road trails, and four scenic lakes. All this just 35 minutes from Sky Harbor Airport and 20 minutes from Mesa Gateway Airport and San Tan Village. Whether you're a golf enthusiast, a nature lover, or simply in search of a luxurious desert retreat, this exceptional home offers an unparalleled lifestyle in one of Arizona's most coveted communities. Don't miss this rare opportunity.
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Location
Property Details
Parking
- Description: Attached Garage
- Details: Garage Door Opener, Golf Cart Garage, Garage Faces Side
- Garage Spaces: 3
- Spaces Total: 3
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Total): 4.0
Interior Features
- # of Stories: 1
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Other
- Roof Material: Tile, Built-Up
- Pool: Yes
HOA
- Has HOA: Yes
- Association: Superstition Mountai
- HOA Fee: $990/quarterly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 104920700
- Lot Size: 25970 sqft
Property Information
- Property Type: Single Family Residence
- Style: Santa Barbara/Tuscan
- Year Built: 2016
Tax Information
- Annual Tax: $9,590
Utilities
- Heating: Electric, Natural Gas
- Cooling: Central Air, Ceiling Fan(s)
Location
- County: Pinal
Listing Details
Investment Summary
- Monthly Cash Flow
- -$6,845
- Cap Rate
- 1.2%
- Cash-on-Cash Return
- -19.3%
- Debt Coverage Ratio
- 0.22
- Internal Rate of Return (5 years)
- -14.7%
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:
| $1,849,500 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,479,600 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $369,900 |
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:
| $55,485 |
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:
| $425,385 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 4,297 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $430 |
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:
| $1.02 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,479,600 |
|---|---|
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:
| $8,752 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $799 |
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:
| $308 |
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:
| $9,859 |
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:
| $4,400 | $52,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$264 | -$3,168 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,136 | $49,632 |
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. | 18% | -$799 | -$9,590 |
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% | -$308 | -$3,696 |
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% | -$352 | -$4,224 |
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% | -$220 | -$2,640 |
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% | -$220 | -$2,640 |
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. | 8% | -$330 | -$3,960 |
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 | 51% | -$2,229 | -$26,750 |
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:
| $1,907 | $22,884 |
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. | -$8,752 | -$105,024 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $6,845 | $82,140 |