$899,999
Investment Summary
- Monthly Cash Flow
- -$293
- Cap Rate
- 5.3%
- Cash-on-Cash Return
- -1.7%
- Debt Coverage Ratio
- 0.93
- Internal Rate of Return (5 years)
- 2.4%
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 dream home! A extraordinary, one of a kind, 5-bedroom, 4 full and 2 half-bath brick estate nestled on a full acre in a quiet, beautifully landscaped cul-de-sac in Spring Grove. With a in-ground pool, elegant interiors, and premium amenities throughout, this home delivers luxury living with the perfect blend of privacy, style, and comfort. As you step inside you are welcomed by the the impressive 25-foot high foyer, where a dramatic curved staircase with sleek black railings and custom light fixtures immediately sets the tone for the elegance that awaits. Classic dark wood floors and ceramic tile flow throughout, highlighting the home's seamless mix of warmth and modern sophistication. Immediately to the left, a formal living room features tray ceilings and a cozy fireplace which leads into the corner room with double french doors perfect for a home office or work from home space. On the right, a formal dining room with recessed lighting and tray ceilings conveniently located by the kitchen for easy access, perfect for get togethers with the family or friends or to enjoy a nice intimate meal with your close ones. The two-story great room is a showstopper, complete with soaring ceilings, expansive windows, a second fireplace, and serene views of the fully fenced backyard and pool. Just off the great room is a built-in wet bar with a mini fridge, sink, and custom cabinetry, perfect for entertaining. The chef's kitchen is a true centerpiece featuring high-end appliances, black granite countertops, custom cabinetry, an oversized island, a butlers pantry, and a stunning 6-burner range wrapped in artisan stonework. Dual dishwashers, a deep sink, and a second staircase to the upper level make this space as functional as it is beautiful. Convenient access to the garage, which makes bringing in the grocceries seamless and mudroom equipped with coat hooks, extra shelving, and storage makes daily life a breeze. Upstairs, retreat to the luxurious primary suite behind grand double doors. Enjoy tray ceilings, a third fireplace, a private balcony overlooking the pool with an amazing view of the backyard or to wake up & enjoy a cup of coffee while watching the sunrise/sunset, and two spacious walk-in closets. The spa-inspired ensuite bath includes skylights, a soaking tub, a standing shower, dual vanities, and a connected laundry room complete with countertops, sink, and not one but TWO washers & dryers. Upstairs also includes three additional bedrooms and two full bathrooms-one bedroom with its own ensuite and a secret bonus room hidden behind the closet! The finished basement takes entertaining to the next level with radiant heated floors, a custom bar seating 8, a walk-through wine cellar that holds over 600 bottles with lockable barn doors, and a full home theater with a projector screen and fireplace. A 5th bedroom, a full bathroom, a 2nd laundry room, and a snack bar make this level completely self-sufficient and perfect for guests or multigenerational living. A private staircase offers direct access to the 3-car heated garage, which features epoxy flooring and built-in cabinetry. Step outside to your personal backyard paradise! The massive 20x40 in-ground pool features a slide, diving board, and surrounding patio perfect for summer fun. A built-in outdoor fireplace creates a cozy space for s'mores and stories under the stars. Also included in the backyard is a play ground perfect for children & fun. Sound systems run throughout the home for seamless indoor-outdoor entertainment. Located in peaceful Spring Grove & known for its family friendly charm, top rated schools, dog parks, and close proximity to Chain O' Lakes. Enjoy easy access to outdoor recreation, boat launches, and more. Just 10 minutes to the Metra and only 60 miles to downtown Chicago, this home offers the perfect balance of suburban serenity and city convenience. Dont miss out on your dream retreat. Schedule Your Private Tour Today
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Location
Property Details
Parking
- Description: Garage
- Details: Concrete, Garage Door Opener, Heated Garage, On Site, Attached, Garage
- Garage Spaces: 3
- Spaces Total: 3
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Partial): 2
- # of Baths (Total): 6.0
Interior Features
- # of Rooms: 14
- # of Stories: 2
- Basement: Yes
- Basement Description: Sump Pump, Finished, Full
- Fireplace: Yes
Exterior Features
- Roof Material: Shake
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 0520102009
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Traditional
- Year Built: 2006
Tax Information
- Annual Tax: $18,650
Utilities
- Water & Sewer: Well
- Heating: Natural Gas, Forced Air, Radiant Floor
- Cooling: Ceiling Fan(s), Central Air, Zoned
Location
- County: Mc Henry
Listing Details
Investment Summary
- Monthly Cash Flow
- -$293
- Cap Rate
- 5.3%
- Cash-on-Cash Return
- -1.7%
- Debt Coverage Ratio
- 0.93
- Internal Rate of Return (5 years)
- 2.4%
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:
| $899,999 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$719,999 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $180,000 |
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:
| $27,000 |
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:
| $207,000 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 6,705 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $134 |
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:
| $1.19 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $719,999 |
|---|---|
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:
| $4,259 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,554 |
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:
| $560 |
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:
| $6,373 |
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:
| $8,000 | $96,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$480 | -$5,760 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $7,520 | $90,240 |
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. | 19% | -$1,554 | -$18,651 |
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% | -$560 | -$6,720 |
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% | -$640 | -$7,680 |
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% | -$400 | -$4,800 |
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% | -$400 | -$4,800 |
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 | 44% | -$3,554 | -$42,651 |
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:
| $3,966 | $47,592 |
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. | -$4,259 | -$51,108 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$293 | -$3,516 |