$950,000
Investment Summary
- Monthly Cash Flow
- -$3,314
- Cap Rate
- 2.1%
- Cash-on-Cash Return
- -18.2%
- Debt Coverage Ratio
- 0.33
- Internal Rate of Return (5 years)
- -13.6%
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 your remarkably stunning one-of-a-kind custom-built home! This impressive 8,000-square-foot three-story residence, situated on a sprawling 3.71-acre wooded lot, offers a perfect blend of luxury, comfort, and exceptional craftsmanship. As you step inside, you are captivated by the grand three-story foyer, featuring a dramatic winding staircase that sets an elegant tone for the entire home. This meticulously crafted layout features six spacious bedrooms, five full bathrooms, and two half baths, providing plenty of room for both family and guests. Enjoy the warmth of seven fireplaces located throughout the home, perfect for cozying up in any season. A private elevator offers convenient access to all levels. With exceptional craftsmanship evident in every detail, this home showcases impressive 10-foot ceilings on the first floor and 9-foot ceilings on both the second floor and in the basement. Rich high-end hardwood flooring stretches throughout, while Andersen windows fill the space with natural light, and exquisite 8.5-inch trim adding a touch of sophistication. The expansive living room features a charming fireplace that creates a welcoming atmosphere, perfect for relaxing with family or entertaining guests. The elegant dining room is enhanced by a beautiful tray ceiling and stunning Waterford chandeliers, setting the stage for memorable dinner parties. The gourmet eat-in kitchen is a chef's dream, showcasing solid wood cabinetry, a spacious island, and top-of-the-line appliances. Luxurious granite countertops provide both style and functionality, while the cozy eating area includes a fireplace, perfect for family gatherings. Adjacent to the kitchen, the sunroom, surrounded by large windows and inviting window seating, offers serene views of the picturesque wooded backyard-a wonderful space for morning coffee or evening relaxation. The inviting family room features a fireplace and a tray ceiling, with sliding doors leading to a beautifully paved patio that seamlessly connects indoor and outdoor living. The home office, accessed through a private entrance, boasts a striking fireplace and custom wood accent wall, with a winding staircase leading to the second primary bedroom. A large laundry room with built-in storage and a shower adds practicality to daily living, making laundry day a breeze. Ascend to the second floor, where you will find the luxurious primary bedroom featuring its own balcony, a cozy fireplace, beautiful tray ceiling, and expansive walk-in closet. The lavish full primary bath is a sanctuary, offering a separate shower, a Kohler soaking tub, and dual vanities for convenience. The second primary bedroom also boasts a fireplace and tray ceiling, accompanied by its own private full bath-perfect for guests or family members seeking their own space. Additionally, two more well-appointed bedrooms and a full hall bath complete the upper level. The third floor features two additional large bedrooms, one of which enjoys elevator access and is accompanied by a cozy sitting area and a full bath, making it ideal for guests. The sprawling unfinished basement, with 9-foot ceilings and a fireplace, presents incredible potential for customization and additional living space, enabling you to create the ultimate recreation room, home gym, or entertainment area. Indulge in ultimate comfort in this remarkable home, featuring heated floors in all bathrooms, the basement, and the garage, with individually adjustable settings to cater to your needs.This residence is equipped with three energy-efficient furnaces, air conditioning units, whole-house humidifiers, electronic air cleaners, and a private water softener, guaranteeing your comfort throughout the entire year. The property also boasts a four-car garage, a peaceful gazebo, a private well with a new cavitate system, and in-ground sprinklers. This home is on a premium lot! Don't miss out on this incredible opportunity to own this custom builders home! This is a 10
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Location
Property Details
Parking
- Details: Concrete, Garage Door Opener, Heated Garage, Garage, On Site, Attached
- Garage Spaces: 4
- Spaces Total: 4
Bedroom Information
- # of Bedrooms: 6
Bathroom Information
- # of Baths (Full): 5
- # of Baths (Total): 7.0
Interior Features
- # of Rooms: 13
- Basement: Yes
- Basement Description: Sump Pump, Unfinished, Exterior Entry, Concrete, Storage Space, Walk-Up Access, Full, Walk-Out Access
- Fireplace: Yes
Exterior Features
- Foundation: Concrete Perimeter
HOA
- Has HOA: Yes
- HOA Fee: $200/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 150814226015
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Traditional
- Year Built: 1996
Tax Information
- Annual Tax: $39,661
Utilities
- Water & Sewer: Well
- Heating: Natural Gas, Forced Air, Radiant, Zoned, Radiant Floor
- Cooling: Ceiling Fan(s), Central Air, Zoned, Gas
Location
- County: Will
Listing Details
Investment Summary
- Monthly Cash Flow
- -$3,314
- Cap Rate
- 2.1%
- Cash-on-Cash Return
- -18.2%
- Debt Coverage Ratio
- 0.33
- Internal Rate of Return (5 years)
- -13.6%
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:
| $950,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$760,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $190,000 |
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:
| $28,500 |
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:
| $218,500 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 8,000 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $119 |
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:
| $0.90 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $760,000 |
|---|---|
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:
| 6.810% |
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:
| $4,960 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $3,305 |
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:
| $8,769 |
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. | 46% | -$3,305 | -$39,661 |
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. | 0% | -$17 | -$204 |
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 | 71% | -$5,122 | -$61,465 |
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:
| $1,646 | $19,752 |
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. | -$4,960 | -$59,520 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $3,314 | $39,768 |