$1,440,000
Investment Summary
- Monthly Cash Flow
- -$2,233
- Cap Rate
- 3.8%
- Cash-on-Cash Return
- -8.1%
- Debt Coverage Ratio
- 0.67
- Internal Rate of Return (5 years)
- -3.8%
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
Luxurious Scottsdale Oasis: Modern Mediterranean Retreat with 5 Bedrooms and Resort-Style Amenities - Discover unparalleled luxury in this stunning Santa Barbara Tuscan-style estate, nestled in the prestigious Sand Flower Community of North Scottsdale. Tucked away on a private cul-de-sac, this exquisite 5-bedroom, 5-bathroom home spans 3,760 square feet on a generous .70-acre lot, offering a perfect blend of elegance, privacy, and functionality. - Upon entering, be greeted by soaring 12-foot ceilings and an abundance of natural light, setting the tone for sophisticated desert living. The open layout is seamlessly designed for entertaining, embodying the spirit of a true desert oasis. - Outdoor Paradise: Step outside to experience a resort-style backyard... (MORE)... that's an entertainer's dream. (sellers are flexible and prefer to sell the house furnished if buyers are interested in turn key)... Lounge by the sparkling pool equipped with a pop-up in-floor cleaning system and two Hayward Auto Pros, or unwind in the heated spa beneath starlit skies. The outdoor kitchen, complete with a bar area, two sinks, a dishwasher, and mini-fridges, invites alfresco dining year-round. Enjoy cozy evenings gathered around the gas fire pit, or practice your swing on the 9-hole synthetic golf green, enveloped by a winding lazy river and serenity provided by enchanting fountains and waterfalls. - Indoor Elegance: The interior is equally impressive, featuring advanced motion sensors for effortless lighting control and a custom "butler's bar" perfect for entertaining adjacent to the elegant formal dining area. Indulge in the ultimate comfort with five luxurious Japanese-style Wash Lette toilets throughout the home. Enjoy your favorite tunes with built-in JBL speakers and a whole-house intercom system that brings music and communication to every corner of your retreat. The gourmet kitchen stands as a chef's dream, complete with granite countertops, an expansive kitchen island, double wall ovens, and a generous walk-in pantry. The master suite is a private sanctuary, boasting a large walk-in closet, dual vanities, a dedicated makeup area, soaking tub, and walk-in shower (with roll-in ramp) that offers a spa-like experience. The attention to detail continues with a three-car garage featuring custom cabinetry and efficient design elements throughout, including solar screens, upgraded insulation, and convenient USB charging outlets. Built in 1999 and meticulously renovated, this home is move-in ready, offering modern luxury in one of Scottsdale's most sought-after neighborhoods. Don't miss your chance to elevate your lifestyle in this captivating estate today!
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Location
Property Details
Parking
- Description: Attch'd Gar Cabinets, Dir Entry frm Garage, Electric Door Opener
- Details: Garage Door Opener, Direct Access
- Garage Spaces: 3
- Spaces Total: 4
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Total): 5.0
Interior Features
- # of Rooms: 9
- # of Stories: 1
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Roof Material: Tile, Built-Up, Foam
- Pool: Yes
HOA
- Has HOA: Yes
- Association: Sand Flower
- HOA Fee: $66/monthly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 21634025
- Lot Size: 30551 sqft
Property Information
- Property Type: Single Family Residence
- Style: Other, Santa Barbara/Tuscan, Territorial/Santa Fe
- Year Built: 1999
Tax Information
- Annual Tax: $3,839
Utilities
- Water & Sewer: Public
- Heating: Natural Gas, Ceiling
- Cooling: Central Air
Location
- County: Maricopa
Listing Details
Investment Summary
- Monthly Cash Flow
- -$2,233
- Cap Rate
- 3.8%
- Cash-on-Cash Return
- -8.1%
- Debt Coverage Ratio
- 0.67
- Internal Rate of Return (5 years)
- -3.8%
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:
| $1,440,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,152,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $288,000 |
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:
| $43,200 |
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:
| $331,200 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,760 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $383 |
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:
| $1.91 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,152,000 |
|---|---|
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:
| $6,815 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $320 |
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:
| $504 |
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:
| $7,639 |
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:
| $7,200 | $86,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$432 | -$5,184 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $6,768 | $81,216 |
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. | 4% | -$320 | -$3,839 |
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% | -$504 | -$6,048 |
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% | -$576 | -$6,912 |
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% | -$360 | -$4,320 |
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% | -$360 | -$4,320 |
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. | 1% | -$66 | -$792 |
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 | 30% | -$2,186 | -$26,231 |
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:
| $4,582 | $54,984 |
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. | -$6,815 | -$81,780 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $2,233 | $26,796 |