$2,195,000
Investment Summary
- Monthly Cash Flow
- -$8,068
- Cap Rate
- 1.3%
- Cash-on-Cash Return
- -19.2%
- Debt Coverage Ratio
- 0.22
- Internal Rate of Return (5 years)
- -14.5%
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
PRICE REDUCTION - Luxury is here--within quick driving distance to all ski resorts, and next to mountain biking trails. Plus, there's a full work-from-home office on the upper level. It's more a lodge than a home--Designed by Utah's best architect just for a mountain getaway and...Gatherings....with soaring Ten to Eighteen foot ceilings on main floor; ten in the basement adding to the space to relax and mingle. It is comfortable for just the two of you, or expand the group to a hundred--"The Heritage" can handle it! Giant kitchen island, enormous walk in pantry, 6 burner stove, New double ovens, warming drawer, 2 dishwashers...a professional grill just outside the back door, and it's all built to make your family and guests welcome, whether hosting an intimate gathering, or entertaining everyone and their plus one (or two or three). Master suite is big enough to make you say, Wow! then--take another breath before you see the size of the huge walk in master closet, and ensuite. Master shower is private a steam room for those winter days you want the chill to just go away--Step out to a private hot tub outside the master suite door-(room to upgrade to a covered year-round swim spa if you prefer), and provides privacy to soak away while the winter snow falls around you, or in summer you listen to the fountain and breathe fresh mountain air. All other rooms have walk in closets with built in organizers, so everyone else feels as pampered as you do. New, updated lighting throughout the home. Two kitchens, (Three dishwashers -2 are new), new double ovens. All rooms are beyond spacious, not just the master suite--and it's oversize indeed. The valley at night is breathtaking, and the mountain view year round is unobstructed and soul gratifying. 360 degree views from all windows encompassing a full mountain in the back, valley in front, and sky everywhere. Mountain views even from basement windows. Heat is radiant in the floor so your feet are never cold, even while you snuggle next to the fireplace and watch through the oversize windows. The boilers are top of the line, and give the most efficient, silent, dust-free heat--they'll outlast the house. There's an extra boiler if you want to put heat in the driveway. HVAC system recently tuned up, working great. Smart switches for lighting in main rooms. Music system throughout. Theater room has Dolby sound for those "let's just hang out here days". Home backs to 30 feet of open space, and nothing more can be built behind, or in front. Yard is private and boasts Mature Maples, Pines, and Scrub Oak, and when the Aspens whisper in the breeze it's so quiet here, you'll hear them. Wildlife peeks in and out of their hidey places on the mountain, just to see if you're still around. Note the 5 garages--two on street level, and 3 more above with plenty of space to park, and 8' doors. It has a full laundry, kitchen. Power for EVs is there, too! The upper floor has fresh mountain views from the newly re-constructed deck.. Originally designed as office space for 3, but we've listed it has having at least 1 bedroom. However, if someone wants to convert it into more bedrooms and a bath, that's easy--It's quite spacious, and could even be a separate apartment area if desired. ADU - The basement apartment has previously been approved by Alpine city, rented out, and can be again. Don't think you have to go to Park City for a lodge-like home..it's right here, nestled in Alpine. Alpine allows short term rentals, and this kind of luxury is very sought after. Come see!
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Location
Property Details
Parking
- Description: Covered, Parking: Uncovered, Rv Parking
- Details: Covered, RV Access/Parking, Attached
- Garage Spaces: 5
- Spaces Total: 13
Bedroom Information
- # of Bedrooms: 6
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Partial): 1
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 29
- # of Stories: 3
- Basement: Yes
- Basement Description: Daylight, Full, Walk-Out Access
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Roof Type: Gable
- Roof Material: Asphalt
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 554140015
- Lot Size: 38332 sqft
Property Information
- Property Type: Single Family Residence
- Style: Rambler/Ranch
- Year Built: 2003
Tax Information
- Annual Tax: $9,435
Utilities
- Heating: Central, Natural Gas, Forced Air, Radiant Floor, Radiant
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Utah
Listing Details
Investment Summary
- Monthly Cash Flow
- -$8,068
- Cap Rate
- 1.3%
- Cash-on-Cash Return
- -19.2%
- Debt Coverage Ratio
- 0.22
- Internal Rate of Return (5 years)
- -14.5%
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:
| $2,195,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,756,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $439,000 |
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:
| $65,850 |
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:
| $504,850 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 9,076 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $242 |
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:
| $0.50 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,756,000 |
|---|---|
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:
| $10,387 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $786 |
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:
| $315 |
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:
| $11,488 |
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:
| $4,500 | $54,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$270 | -$3,240 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,230 | $50,760 |
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. | 17% | -$786 | -$9,435 |
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% | -$315 | -$3,780 |
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% | -$360 | -$4,320 |
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% | -$225 | -$2,700 |
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% | -$225 | -$2,700 |
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 | 42% | -$1,911 | -$22,935 |
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:
| $2,319 | $27,828 |
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. | -$10,387 | -$124,644 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$8,068 | -$96,816 |