$659,900
Investment Summary
- Monthly Cash Flow
- -$1,612
- Cap Rate
- 2.7%
- Cash-on-Cash Return
- -12.7%
- Debt Coverage Ratio
- 0.48
- Internal Rate of Return (5 years)
- -8.3%
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
**SPECTACULAR 5bd/3bath with POOL located in the Exclusive Gated Embarcadero Community!** You are nestled in the foothills of South Mountain Park & surrounded by magnificent mountain vistas providing a serene and tranquil feel w/ hiking & biking trails nearby. Living less than a mile from the nearest light rail station gives a fast & comfortable commute to Downtown plus fast driverless access to sports facilities, museums, restaurants, lakes, parks, shopping, & nightlife throughout the Valley. This particularly impressive home features an abundance of luxury builder upgrades: Front entry lock with smart touchpad electronic with one touch locking motorized deadbolt. Fully wired smart security with several roof top electrical outlets throughout inside and out. **THE LIST GOES ON**..... Smart tech 3 zone/energy-efficient heating/AC. 8 ft tall doors throughout with brushed nickel levers. 16 ft high ceilings, 5" baseboards, Grand Chandeliers, Ceiling fans with lights and pot lights in every bed/living room. Tall cabinetry/commode heights throughout. Economical on-demand water heater system, Water efficient commodes, Chef's kitchen with upgraded appliances: Double wall ovens, 5 burner gas cooktop with open grill, huge microwave, and whisper quiet dishwasher, Beautiful Brick backsplash below and above white shaker cabinets, Gorgeous white Carrara quartz countertops, huge island (9'x4.5') with overhang for six place settings, Huge walk-in pantry (4.5'x4'). Family Great room: 16 ft high Brick feature wall flows through to the adjoining kitchen, Ceiling surround sound speakers x 5, 16 ft Sliding glass wall access to AZ room with high lock and self-closing pool safety features, Grand feature Whitestone gas fireplace, mantle, and hearth. All Bedrooms have LVT Flooring. Bedroom 1 (16'x13') w/Oversized windows.Master bedroom(18'x 14') with 16 ft bay window. Grand master bathroom: 5 piece suite, White Carrara Quartz countertops with white shaker cabinets, Chandelier, Soaking tub, Huge glass walled open step in shower with multiple shower heads and waterproof ceiling light fixtures, Separate commode room with door, Master walk in closet (6'x11') leads to huge dressing room/ potential nursery/6th bedroom (10'x13' ). Bedroom 3 (11'x12'), Bedroom 4 (13'x12'), Bedroom 5 (13'x12') & French doors (6'x 8') to Arizona room with high lock and self-closing door pool safety features. Laundry room (6'x 8'), Oversized sink & white shaker wall Cabinets. Garage: Oversized dry-walled three car garage (25'x32') with oversized sink and 3 ceiling fans. Exterior with an extra foot of brick wall height. The 8,874 sq ft property is perfectly private. RV side gate access. Fully wired smart security with roof top electrical outlets on each corner. Fully cobblestoned driveway, front path, and rear covered Arizona room. Completely landscaped front and back with artificial grass, mature fruit trees, and lush plants. There are also eight raised garden beds for seasonal gardening. The roof gutters at the rear of the home surround the screen-enclosed Patio (41'x10'). Features include three doors - two human and one doggy door to a large synthetic grass and shaded dog run. The large gas-heated lap pool (25'x15') has smart tech control of waterfalls, heat, lights, and deck jets & Kool Deck surround. Electric pool cover with inside Arizona room wall-mounted controls. This is the perfect Entertainer's Dream Home and a must see!!!
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Location
Property Details
Parking
- Description: Covered, Garage
- Details: Garage Door Opener, Direct Access
- Garage Spaces: 3
- Spaces Total: 3
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Total): 3.0
Interior Features
- # of Stories: 1
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Roof Material: Tile
- Pool: Yes
HOA
- Has HOA: Yes
- Association: Embarcadero at SM
- HOA Fee: $145/monthly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 30050030
- Lot Size: 8874 sqft
Property Information
- Property Type: Single Family Residence
- Style: Ranch
- Year Built: 2017
Tax Information
- Annual Tax: $4,139
Utilities
- Water & Sewer: Public
- Heating: Natural Gas
- Cooling: Central Air, Ceiling Fan(s)
Location
- County: Maricopa
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,612
- Cap Rate
- 2.7%
- Cash-on-Cash Return
- -12.7%
- Debt Coverage Ratio
- 0.48
- Internal Rate of Return (5 years)
- -8.3%
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:
| $659,900 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$527,920 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $131,980 |
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:
| $19,797 |
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:
| $151,777 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,862 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $231 |
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:
| $1.01 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $527,920 |
|---|---|
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:
| $3,123 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $345 |
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:
| $203 |
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:
| $3,671 |
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:
| $2,900 | $34,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$174 | -$2,088 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,726 | $32,712 |
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. | 12% | -$345 | -$4,139 |
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% | -$203 | -$2,436 |
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% | -$232 | -$2,784 |
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% | -$145 | -$1,740 |
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% | -$145 | -$1,740 |
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. | 5% | -$145 | -$1,740 |
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 | 42% | -$1,215 | -$14,579 |
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:
| $1,511 | $18,132 |
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. | -$3,123 | -$37,476 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $1,612 | $19,344 |