$1,950,000
Investment Summary
- Monthly Cash Flow
- -$7,069
- Cap Rate
- 1.8%
- Cash-on-Cash Return
- -18.9%
- Debt Coverage Ratio
- 0.29
- Internal Rate of Return (5 years)
- -14.3%
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
Experience the epitome of luxury living at 908 Indigo Bunting Road, a DFW Ventures home where comfort and grace intertwine seamlessly. From the moment you arrive, the generous driveway and welcoming front porch set the tone for the elegance within. Upon entering the home, you are immediately greeted by an abundance of natural daylight that floods through large windows in the formal Dining Room, creating a warm and inviting atmosphere. The sunlight dances playfully on the rustic wood floors and casts gentle shadows on the walls, enhancing the architectural features of the space. The heart of the home is its exquisite kitchen, a chef's delight boasting double wall ovens, a charming farm sink, sophisticated pendant lighting, a spacious pantry with custom shelving, and under-cabinet lighting. The gourmet Kitchen stands as a centerpiece equipped with top-of-the-line Kitchen Aid appliances and sleek marble countertops, ideal for both intimate dinners and grand entertaining! This culinary haven seamlessly flows into the Family Room, offering a breathtaking vaulted ceiling adorned with white beams and a cozy stone fireplace framed by built-in cabinets and floating shelves. The main level hosts the owners' suite, presenting breathtaking golf course view, a spa-like bath with a luxurious soaking tub, dual vanities, and an expansive shower, complemented by a perfectly organized closet with custom shelving. For guests, a privately situated bedroom on the main floor ensures comfort and privacy. Functionality abounds with an oversized mudroom including benches for seating, hooks for coats, and cubbies for personalized storage and a conveniently located laundry room with utility sink completes the main level. Venture upstairs to discover two additional private bedroom suites that epitomize both comfort and style! With spacious closets and classic white bathrooms, these rooms provide a serene oasis where you can unwind and recharge! Ample storage space is flawlessly integrated into the design of this meticulous home. The basement transforms into an ideal in-law or teen suite, complete with its own Living Room featuring a fireplace perfectly accentuated by a beautiful white slat wall and floating shelves, a full contemporary kitchen with pantry, a large bedroom, a bathroom with large glass tiled shower, and an office or hobby room that you can tailor to your varying needs, along with even more storage! Outdoors, enjoy the covered screened-in porch with a wood-burning fireplace, perfect for serene evenings. The fenced yard offers security and privacy, while the three-car garage provides ample parking and storage space. Every aspect of this exceptional home has been thoughtfully crafted to create a home that is both beautiful and functional, creating a harmonious blend of sophistication and tranquility. Additionally, the home includes four wall-mounted TVs located in the owner's suite, screened porch, main living room, and basement living room as well as the Sonos sound bars currently installed and gas grill on the deck offering a ready-made setup for entertainment in multiple areas of this home! Exterior and Interior of home was recently painted.
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Location
Property Details
Parking
- Description: Garage
- Details: Attached, Garage, Garage Door Opener
- Garage Spaces: 3
- Spaces Total: 3
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 5
- # of Baths (Total): 0.0
Interior Features
- # of Stories: 3
- Attic: Yes
- Basement: Yes
- Basement Description: Concrete, Exterior Entry, Finished, Full, Interior Entry
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Siding (not specified)
- Roof Type: Gable
- Roof Material: Composition
HOA
- Has HOA: Yes
- HOA Fee: $2,762/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: XX121E02201
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Brick/Frame, Craftsman, Traditional
- Year Built: 2023
Tax Information
- Annual Tax: $8,571
Utilities
- Water & Sewer: Public
- Heating: Forced Air, Natural Gas, Zoned
- Cooling: Ceiling Fan(s), Central Air, Dual, Electric, Zoned
Location
- County: Barrow
Investment Summary
- Monthly Cash Flow
- -$7,069
- Cap Rate
- 1.8%
- Cash-on-Cash Return
- -18.9%
- Debt Coverage Ratio
- 0.29
- Internal Rate of Return (5 years)
- -14.3%
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:
| $1,950,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,560,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $390,000 |
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:
| $58,500 |
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:
| $448,500 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 5,303 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $368 |
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:
| $1.06 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,560,000 |
|---|---|
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:
| 6.625% |
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:
| $9,989 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $714 |
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:
| $392 |
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:
| $11,095 |
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:
| $5,600 | $67,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$336 | -$4,032 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $5,264 | $63,168 |
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. | 13% | -$714 | -$8,571 |
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% | -$392 | -$4,704 |
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% | -$448 | -$5,376 |
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% | -$280 | -$3,360 |
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% | -$280 | -$3,360 |
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. | 4% | -$230 | -$2,760 |
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 | 42% | -$2,344 | -$28,131 |
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:
| $2,920 | $35,040 |
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. | -$9,989 | -$119,868 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $7,069 | $84,828 |