$14,000,000
Investment Summary
- Monthly Cash Flow
- -$68,539
- Cap Rate
- -0.2%
- Cash-on-Cash Return
- -25.5%
- Debt Coverage Ratio
- -0.03
- Internal Rate of Return (5 years)
- -20.6%
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
Tucked away in the prestigious gated enclave of The Colony at White Pine Canyon, this extraordinary estate offers a rare blend of seclusion, sophistication, and direct ski-in/ski-out access. Set against the backdrop of spectacular mountain views, the home enjoys unrivaled convenience onto Serenity, a gentle blue trail that lives up to its name-welcoming skiers of all levels to glide effortlessly in and out from their doorstep. Crafted for both grand entertaining and private retreat, the residence seamlessly balances scale and intimacy. Six spacious bedrooms and six full bathrooms, accompanied by four thoughtfully designed powder rooms, ensure comfort and privacy for family and guests alike. A dedicated gym invites wellness and movement, while the mine-themed movie theatre provides an immersive cinematic experience in the comfort of your own home. Every aspect of the home is designed with lifestyle in mind. The custom ski room makes mountain living effortless, while the expansive recreation room and hand-crafted bar area create the perfect setting for aprs-ski gatherings. Wine enthusiasts will appreciate the climate-controlled wine room, offering both function and dramatic presentation. A spacious bonus room - ideal for a model train collection, creative pursuits, potential in-law suite, or a children's play area - adds a unique layer of versatility. The three-car garage and heated auto court offer practical luxury year-round, while a striking water feature enhances the grounds with a sense of tranquility and movement. With its unparalleled location, architectural excellence, and attention to every detail, this home redefines alpine living in one of Park City's most exclusive communities. This is not just a home - it's a legacy retreat, built to be cherished for generations. Unparalleled Ski Access in the Heart of Park City Mountain Resort Ski access at 87 White Pine Canyon is nothing short of exceptional. From the top of the Peak 5 Lift, enjoy a smooth descent down Upper Crowning Glory before merging seamlessly onto Serenity, a gentle blue run that delivers you directly to the home's private ski access. Designed for ease and flow, this route is well-suited for intermediate skiers seeking both comfort and convenience. Upon arrival, a heated pathway leads effortlessly from the ski run into the home's dedicated ski room, creating a truly seamless transition from slope to sanctuary. To begin your day on the mountain, simply step out onto Serenity and follow it to its convergence with Harmony. These wide, approachable blue runs guide you directly to the base of the Tombstone Lift-one of Park City Mountain Resort's primary access points and a gateway to the resort's expansive terrain. Situated at the center of the largest ski resort in the United States, 87 White Pine Canyon offers not just direct access to world-class skiing, but a lifestyle defined by effortless mountain living. A Private Retreat Surrounded by Nature, Minutes from It All Located within the private, gated community of The Colony at White Pine Canyon, 87 White Pine Canyon sits on a sprawling 4.68-acre homesite, offering unmatched privacy and a setting that evokes the Serenity of a national park. Towering evergreens, lush foliage, and open space create a peaceful alpine sanctuary that feels worlds away-yet is only minutes from Canyons Village and downtown Park City. Here, world-class amenities are at your fingertips, from fine dining and boutique shopping to renowned cultural events and vibrant nightlife. Beyond the slopes, The Colony is a year-round playground, offering unrivaled access to outdoor recreation including hiking, mountain biking, fly fishing, golf, fitness centers, and more. This is where nature, privacy, and lifestyle converge in perfect Harmony.
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Location
Property Details
Parking
- Description: Attached Garage
- Details: Covered, Secured, Attached
- Garage Spaces: 3
- Spaces Total: 3
Bedroom Information
- # of Bedrooms: 6
Bathroom Information
- # of Baths (Full): 6
- # of Baths (Partial): 4
- # of Baths (Total): 10.0
Interior Features
- # of Rooms: 26
- # of Stories: 3
- Basement: Yes
- Basement Description: Daylight, Full, Walk-Out Access
- Fireplace: Yes
Exterior Features
- Roof Material: Asphalt, Metal
HOA
- Has HOA: Yes
- HOA Fee: $29,135/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: CWPCII48
- Lot Size: 203860 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 2002
Tax Information
- Annual Tax: $39,712
Utilities
- Heating: Fireplace Insert, Central, Natural Gas, Forced Air, Hot Water, Space Heater, Steam, Radiant Floor, Radiant
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Summit
Listing Details
Investment Summary
- Monthly Cash Flow
- -$68,539
- Cap Rate
- -0.2%
- Cash-on-Cash Return
- -25.5%
- Debt Coverage Ratio
- -0.03
- Internal Rate of Return (5 years)
- -20.6%
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:
| $14,000,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$11,200,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $2,800,000 |
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:
| $420,000 |
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:
| $3,220,000 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 11,077 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $1,264 |
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:
| $0.45 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $11,200,000 |
|---|---|
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:
| $66,252 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $3,309 |
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:
| $350 |
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:
| $69,911 |
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:
| $5,000 | $60,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$300 | -$3,600 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,700 | $56,400 |
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. | 66% | -$3,309 | -$39,712 |
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% | -$350 | -$4,200 |
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% | -$400 | -$4,800 |
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% | -$250 | -$3,000 |
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% | -$250 | -$3,000 |
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. | 49% | -$2,428 | -$29,136 |
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 | 140% | -$6,987 | -$83,848 |
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:
| -$2,287 | -$27,444 |
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. | -$66,252 | -$795,024 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $68,539 | $822,468 |