$600,000
Investment Summary
- Monthly Cash Flow
- -$1,509
- Cap Rate
- 2.7%
- Cash-on-Cash Return
- -13.1%
- Debt Coverage Ratio
- 0.47
- Internal Rate of Return (5 years)
- -8.7%
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
Welcome to this exceptional 2-bedroom, 2-bathroom energy-efficient detached home, where comfort meets style. Enjoy panoramic views of both Mingus Mountain and the stunning Red Rocks. Designed with convenience in mind, the home features an attached 645.6 sq ft RV garage equipped with a 14 ft height, water, sewer, and a 50 amp connection. Indulge in luxury with double master bedrooms, each offering ensuite bathrooms and expansive walk-in closets and have the added privacy and noise reduction due to the extra insulation placed in the wall between the two suites.. The chef's delight kitchen boasts an abundance of cabinets, countertops, and a spacious island. This gem is waiting to be your dream home, offering both functionality and breathtaking views! Located in the prestigious Crossroads at Mingus subdivision, crafted by C&B Custom Homes, the perfect blend of modern luxury and energy efficiency. Department of Energy ZERO Energy Star Rated Ready Home with a HERS Index of 7. This Indoor airPLUS Qualified home comes with the following features to help protect you and your family, Properly Engineered Heating, Ventilating and Air-Conditioning Systems, Improved duct and equipment installation and Fresh Air Ventilation designed for energy efficient new homes, Safe Combustion gases, Healthier Building Materials. All the requirements to meet this designation was verified by an independent professional organization, to meet or exceed strict home performance guidelines set by the U.S. Department of Energy. Enjoy seamless convenience with a 645.6 sq ft RV garage and an attached 408 sq ft double car garage, complete with an electric vehicle outlet and direct kitchen access. This property comes pre-wired for solar, ensuring you are future-ready, experience luxury with push button instant hot water available in both the bathrooms and kitchen, offering efficiency and ease to your daily routine., whole house air-exchange system, and water softener add comfort to your daily routine. Step inside to find luxury vinyl plank flooring leading you through a home with vaulted ceilings and high-end granite countertops throughout. The custom iron entry and built-in granite workstation add both elegance and functionality. Kitchen lovers will rejoice with all appliances included, and the hall laundry room with cabinetry ensures utility is never out of reach. Stay comfortable year-round with central air, a heat pump, and ceiling fans. The fire suppression system and Cat 5/Satellite wiring offer peace of mind and connectivity. Outside, a covered back porch and easy-care landscaping enhance your living experience. Situated on a corner lot with strategic facing for ultimate privacy, this home is a true sanctuary. With an annual HOA fee of just $100, enjoy community benefits without the hassle. For added privacy or expansion, the lot next door is available for purchase. Discover the convenience of being close to charming boutiques, exquisite restaurants, and delightful wine tasting venues. This home is not just a place to live; it's a lifestyle. Don't miss this opportunity - make it yours today! Versatile Opportunity: Transform this spacious RV garage into a private guest house or studio. With ample square footage, utilities, and solid construction, it's the perfect blank canvas to add livable space and value to your property. Buyers to confirm the conversion option with the city of ClarkdaleWelcome to your dream home in the prestigious Crossroads at Mingus subdivision! This stunning 2-bedroom, 2-bathroom detached home offers the perfect blend of modern luxury and energy efficiency, crafted by C&B Custom Homes. Department of Energy ZERO Energy Star Rated Ready Home with a HERS Index of 7. This Indoor airPLUS Qualified home comes with the following features to help protect you and your family, Properly Engineered Heating, Ventilating and Air-Conditioning Systems, Improved duct and equipment installation and Fresh Air Ventilation designed for energy efficient new homes, Safe Combustion gases, Healthier Building Materials. All the requirements to meet this designation was verified by an independent professional organization, to meet or exceed strict home performance guidelines set by the U.S. Department of Energy. Enjoy seamless convenience with a 645.6 sq ft RV garage and an attached 408 sq ft double car garage, complete with an electric vehicle outlet and direct kitchen access. This property comes pre-wired for solar, ensuring you are future-ready, experience luxury with push button instant hot water available in both the bathrooms and kitchen, offering efficiency and ease to your daily routine., whole house air-exchange system, and water softener add comfort to your daily routine. Step inside to find luxury vinyl plank flooring leading you through a home with vaulted ceilings and high-end granite countertops throughout. The custom iron entry and built-in granite workstation add both elegance and functionality. Kitchen lovers will rejoice with all appliances included, and the hall laundry room with cabinetry ensures utility is never out of reach. Stay comfortable year-round with central air, a heat pump, and ceiling fans. The fire suppression system and Cat 5/Satellite wiring offer peace of mind and connectivity. Outside, a covered back porch and easy-care landscaping enhance your living experience. Situated on a corner lot with strategic facing for ultimate privacy, this home is a true sanctuary. For added privacy or expansion, the lot next door is available for purchase. With an annual HOA fee of just $100, enjoy community benefits without the hassle. Discover the convenience of being close to charming boutiques, exquisite restaurants, and delightful wine tasting venues. This home is not just a place to live; it's a lifestyle. Don't miss this opportunity - make it yours today! Versatile Opportunity: Transform this spacious RV garage into a private guest house or studio. With ample square footage, utilities, and solid construction, it's the perfect blank canvas to add livable space and value to your property. Buyers to confirm the conversion option with the city of Clarkdale
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Location
Property Details
Parking
- Description: Attached Garage
- Details: Garage Door Opener, Direct Access, RV Garage, Electric Vehicle Charging Station(s)
- Garage Spaces: 2
- Spaces Total: 2
Bedroom Information
- # of Bedrooms: 2
Bathroom Information
- # of Baths (Total): 2.0
Interior Features
- # of Stories: 1
Exterior Features
- Exterior Walls Materials: Stucco
- Roof Material: Tile
HOA
- Has HOA: Yes
- Association: Crossroads at Mingus
- HOA Fee: $100/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 40626755
- Lot Size: 7338 sqft
Property Information
- Property Type: Single Family Residence
- Style: Ranch
- Year Built: 2019
Tax Information
- Annual Tax: $2,161
Utilities
- Water & Sewer: Public
- Heating: ENERGY STAR Qualified Equipment, Electric
- Cooling: Central Air, Ceiling Fan(s)
Location
- County: Yavapai
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,509
- Cap Rate
- 2.7%
- Cash-on-Cash Return
- -13.1%
- Debt Coverage Ratio
- 0.47
- Internal Rate of Return (5 years)
- -8.7%
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:
| $600,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$480,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $120,000 |
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:
| $18,000 |
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:
| $138,000 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 1,518 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $395 |
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:
| $1.45 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $480,000 |
|---|---|
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:
| $2,839 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $180 |
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:
| $154 |
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:
| $3,173 |
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:
| $2,200 | $26,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$132 | -$1,584 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,068 | $24,816 |
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. | 8% | -$180 | -$2,161 |
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% | -$154 | -$1,848 |
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% | -$176 | -$2,112 |
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% | -$110 | -$1,320 |
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% | -$110 | -$1,320 |
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. | 0% | -$8 | -$96 |
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 | 34% | -$738 | -$8,857 |
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:
| $1,330 | $15,960 |
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. | -$2,839 | -$34,068 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $1,509 | $18,108 |