$2,250,000
Investment Summary
- Monthly Cash Flow
- -$5,955
- Cap Rate
- 2.5%
- Cash-on-Cash Return
- -13.8%
- Debt Coverage Ratio
- 0.44
- Internal Rate of Return (5 years)
- -9.4%
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
Discover this stunning all-brick, 5-bedroom, 4.5-bathroom home that has been transformed with high-end modern updates, seamlessly blending timeless elegance with contemporary design. Every detail has been thoughtfully curated, resulting in a truly exquisite residence. As you arrive via the gated driveway, you'll be welcomed by a professionally landscaped 3+ acre property illuminated by over 100 strategically placed lights that create a magical ambiance at night. The driveway, bordered by brick pavers and replaced in 2020, perfectly complements the home's stately exterior. Step inside to a grand foyer where gorgeous dark walnut hardwood floors lead to a striking central staircase. The office/den radiates sophistication, with custom wall paneling, a coffered ceiling enhanced by LED accents, a herringbone-patterned stone floor, and an expansive nearly floor-to-ceiling window. The formal dining room is equally impressive, featuring elegant wainscoting, designer sconces, and a chandelier, making it ideal for hosting memorable gatherings.At the heart of the home lies the chef's kitchen, a masterpiece of form and function. It boasts custom soft-close cabinetry with integrated lighting, sleek quartz countertops and backsplash, Thermador stainless steel appliances, and an oversized island with waterfall edges crowned by a stunning Terzani Argent light fixture. The adjacent breakfast nook, framed by bay windows, offers serene views of the deck, gazebo, pool, patio, and charming English garden. The family room is an inviting retreat with a stunning stone fireplace and a beautifully updated bar area, complete with two beverage refrigerators, an ice maker, a sink, and a chic powder room-perfect for entertaining. Upstairs, the luxurious primary suite is a true sanctuary. The bedroom features a custom plaster oval dome with in-ceiling LED lighting, a see-through gas fireplace, and glass french doors leading to a private sitting room or office. The spa-inspired primary bathroom is a retreat in itself, with heated marble floors, dual vanities with illuminated mirrors, a two-person shower with mosaic tile accents, and a soaking tub beside the fireplace-perfect for unwinding. The showers are equipped with a digital control panel, allowing personalized settings for each user. The additional bedrooms are also impressive. Bedroom 2 includes a fully renovated ensuite bath with walk-in shower, while Bedrooms 3 and 4 share a Jack-and-Jill bathroom with separate vanities for added privacy and convenience. The walkout basement is an entertainer's dream, offering expansive living space with tile flooring and roughed-in plumbing for a second kitchen or bar area. It features a marble fireplace, a fifth bedroom, and a fully updated bathroom with a luxurious steam shower. Film enthusiasts will love the soundproof theater room, complete with Art Deco-inspired paneling, custom lighting, integrated A/V cabinetry, and a floor-to-ceiling screen for the ultimate cinematic experience. The backyard is a private oasis, designed for unforgettable moments. Enjoy the in-ground heated pool with stamped concrete, a hot tub, a patio with a retractable sun cover, a fire pit, and gazebo-all perfect for entertaining or relaxing.Car enthusiasts will appreciate the 4-car attached garage and detached 2-car garage, providing ample storage for vehicles and recreational equipment. Nestled in the highly sought-after North Barrington community, this home is conveniently located near top-rated Barrington 220 schools, Metra transportation, shopping, fine dining, and more. This one-of-a-kind property is ready to welcome its next owners. Seller is also considering renting the home.
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Location
Property Details
Parking
- Description: Garage
- Details: Asphalt, Garage Door Opener, Heated Garage, Garage, On Site, Attached, Detached, Driveway
- Garage Spaces: 6
- Spaces Total: 12
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Partial): 1
- # of Baths (Total): 5.0
Interior Features
- # of Rooms: 13
- # of Stories: 2
- Basement: Yes
- Basement Description: Sump Pump, Finished, Exterior Entry, Concrete, Storage Space, Walk-Up Access, Walk-Out Access
- Fireplace: Yes
Exterior Features
- Foundation: Concrete Perimeter
- Roof Material: Asphalt
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 1323100024
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Traditional
- Year Built: 2005
Tax Information
- Annual Tax: $26,477
Utilities
- Water & Sewer: Well
- Heating: Natural Gas, Electric, Radiant, Radiant Floor
- Cooling: Ceiling Fan(s), Central Air, Zoned
Location
- County: Lake
Listing Details
Investment Summary
- Monthly Cash Flow
- -$5,955
- Cap Rate
- 2.5%
- Cash-on-Cash Return
- -13.8%
- Debt Coverage Ratio
- 0.44
- Internal Rate of Return (5 years)
- -9.4%
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:
| $2,250,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,800,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $450,000 |
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:
| $67,500 |
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:
| $517,500 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 6,507 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $346 |
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:
| $1.54 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,800,000 |
|---|---|
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:
| $10,648 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $2,207 |
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:
| $700 |
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:
| $13,555 |
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:
| $10,000 | $120,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$600 | -$7,200 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $9,400 | $112,800 |
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. | 22% | -$2,207 | -$26,478 |
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% | -$700 | -$8,400 |
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% | -$800 | -$9,600 |
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% | -$500 | -$6,000 |
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% | -$500 | -$6,000 |
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. | 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 | 47% | -$4,707 | -$56,478 |
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:
| $4,693 | $56,316 |
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. | -$10,648 | -$127,776 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $5,955 | $71,460 |