$775,000
Investment Summary
- Monthly Cash Flow
- -$1,735
- Cap Rate
- 3.0%
- Cash-on-Cash Return
- -11.7%
- Debt Coverage Ratio
- 0.53
- Internal Rate of Return (5 years)
- -7.3%
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
WOW! Stop the car! Welcome to your dream home in the prestigious and highly sought-after WestWing Mountain community—where luxury, comfort, and top-tier upgrades come together in perfect harmony. Nestled in one of North Peoria's most desirable locations, this meticulously maintained 4-bedroom, 3.5-bath residence with a professional home office offers the ideal blend of serene desert living and modern convenience. With the newly developed Paloma Park and Peoria's Trailhead community just minutes away, plus easy access to the Loop 303, top-rated schools, shopping, and dining, this is the place to be. From the moment you arrive, the stunning curb appeal sets the tone—low-maintenance desert landscaping, stone accents, and fresh exterior paint create an inviting & polished presentation. (more) Step inside and be welcomed by beautiful decorative tile inlays and soaring 12-foot ceilings on the main floor (10-foot upstairs). The entire home is freshly painted inside and out, with upgraded tile flooring, new plush carpet with premium pad, and Hunter Douglas Duette shades throughout. The gourmet kitchen is a show stopper designed with cider cherry cabinetry, granite countertops, custom backsplash, under-cabinet lighting, a massive island for gathering and prep, and all new GE stainless steel appliances including a double oven, microwave, and refrigerator all with transferable warranties. You'll fall in love with the jaw-dropping custom walk-in pantry. The kitchen opens to the spacious great room and formal dining area, complete with a cozy gas fireplace adorned with stacked stone ideal for entertaining or relaxing evenings at home. Step outside to your private backyard oasis and take in the panoramic mountain views through the wrought iron view fence. Cool off or unwind in the heated, pebble-tech saltwater play pool featuring swim jets, a tranquil waterfall, spa, fiber optic color wheel, in-ground cleaning system, and brand-new heater and upgraded filter system. The built-in natural gas BBQ island boasts six burners, two side burners, and built-in cabinets and drawers plus an outdoor gas fireplace with seating to enjoy Arizona evenings in style. The primary suite is your personal sanctuary designed to be the ultimate escape after a long day. Imagine unwinding in the spacious sitting area, where large windows frame breathtaking views of the sparkling pool and the majestic WestWing Mountain backdrop. It's the perfect place to sip your morning coffee or enjoy a quiet moment as the sun sets over the desert. Step into the spa-inspired en-suite bath, where luxury meets functionality. Dual vanities with sleek sinks, a deep soaking tub, a separate glass-enclosed shower, and a private water closet create an atmosphere of comfort and indulgence. But the real showstopper? The oversized walk-in closet, thoughtfully outfitted with custom built-ins that would impress any fashion enthusiast offering dedicated space for shoes, handbags, and more. This isn't just a bedroom it's a true retreat designed for rest, relaxation, and recharging. Additional upgrades in this exceptional home go far beyond the ordinary. The extra-deep, 3-car garage is a standout feature epoxy-coated for easy maintenance and equipped with custom floating cabinets, insulated garage doors, a deep utility sink, and a dedicated electric line perfect for a refrigerator or freezer. For added peace of mind, the owners installed a full fire sprinkler system throughout the home, as well as whole-house surge protection with all new electrical breakers. You'll also appreciate the efficiency and comfort of the tankless water heater, water softener, and reverse osmosis system. Allergy sufferers will benefit from the advanced A/C system featuring an electrostatic precipitator and air scrubber to keep the air fresh and clean. This home has been lovingly cared for and thoughtfully upgraded at every turn, no detail overlooked, no expense spared. Opportunities like this are rare. Homes with this level of quality, care, and craftsmanship don't come along often come experience it for yourself before it's gone.
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Location
Property Details
Parking
- Description: Garage
- Details: Garage Door Opener, Direct Access
- Garage Spaces: 3
- Spaces Total: 4
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Total): 4.0
Interior Features
- # of Stories: 2
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Wood
- Roof Material: Tile
- Pool: Yes
HOA
- Has HOA: Yes
- Association: Westwing Mountain
- HOA Fee: $265/quarterly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 20106122
- Lot Size: 8260 sqft
Property Information
- Property Type: Single Family Residence
- Style: Contemporary
- Year Built: 2004
Tax Information
- Annual Tax: $3,070
Utilities
- Water & Sewer: Public
- Heating: Natural Gas
- Cooling: Central Air, Ceiling Fan(s)
Location
- County: Maricopa
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,735
- Cap Rate
- 3.0%
- Cash-on-Cash Return
- -11.7%
- Debt Coverage Ratio
- 0.53
- Internal Rate of Return (5 years)
- -7.3%
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:
| $775,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$620,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $155,000 |
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:
| $23,250 |
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:
| $178,250 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,086 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $251 |
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:
| $1.07 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $620,000 |
|---|---|
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:
| $3,668 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $256 |
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:
| $231 |
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:
| $4,155 |
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:
| $3,300 | $39,600 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$198 | -$2,376 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,102 | $37,224 |
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. | 8% | -$256 | -$3,070 |
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% | -$231 | -$2,772 |
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% | -$264 | -$3,168 |
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% | -$165 | -$1,980 |
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% | -$165 | -$1,980 |
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. | 3% | -$88 | -$1,056 |
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 | 35% | -$1,169 | -$14,026 |
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:
| $1,933 | $23,196 |
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. | -$3,668 | -$44,016 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $1,735 | $20,820 |