$1,485,000
Investment Summary
- Monthly Cash Flow
- -$7,327
- Cap Rate
- 0.2%
- Cash-on-Cash Return
- -25.7%
- Debt Coverage Ratio
- 0.04
- Internal Rate of Return (5 years)
- -20.8%
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
This Estate Home and Family Compound Property HAS IT ALL! Situated on a winding country road with other homes on acreage & backs to Corp of Engineer Property and Lake Allatoona!! Next door to Atlanta Yacht Club and Camp Gideon. This listing consists of 3 separate parcels with one address and a private gated driveway. Main house (Lot 8) is situated on a private 3.4 acre wooded parcel with big wrap around rocking chair front porch to rock, sip coffee and watch the deer. Sweeping, long & lit driveway brings you up to the side entry 3 car garage AND detached 2 car garage! In addition, there is also a 2 car metal garage and workshop!! Hello car, truck, motorcycle and boat enthusiasts, you will have plenty of room to store and work on your toys! As you enter the front door into the 2 story open foyer, you will notice the elaborate trey ceilings with back lighting, over sized staircase to catwalk over looking 2 story family room with gleaming hardwood floors throughout! A large and inviting Formal Dining room with room for 12, oversized office/den are to either side of the open foyer. The family room has room for large furniture with double French doors to expanded covered back porch with hot tub! This is one of the many sweet spots of this home and backs to woods and Corp Of Engineer Property. Just a short walk through the woods to Lake Allatoona! Deer, birds and wildlife abound! Master Suite on Main Level offers access to back porch, large walk-in closet and Master Bath with walk in shower, whirlpool tub and tiled floors. Just a few steps up from the 3 car garage is the Mud Room and Laundry, that leads into the Keeping Room and Large Country, Eat In Kitchen with 2 sided Fireplace shared with the Family Room! Also has a door to the Front Porch! 2nd Level has 2 oversized Bedrooms with elaborate trey ceilings and back lighting and full bath. In addition, there is an oversized bonus/great room with a 4th Bedroom and 3rd full bath! TONS of closet space and hide out areas for the kiddos!! Mostly finished Daylight, Terrace Level offers 5th Bedroom, 2nd Eat In Kitchen and Media/Rec Room with French Doors to covered back patio! There is an additional unfinished area for storage, or finish it off the way you want it! The 2nd parcel (Lot 1) is 4.22 acres and has it's own driveway after the gated entrance. There is a 2 Bedroom/1.5 Bath Log Cabin and 1 Bedroom / 1 Bath Cabin Barn. Along with access to the 2nd 2 car detached garage/Workshop. The 3rd Parcel (Lot 7), 1.71 acres, is to the right of the driveway and ready to build another home if desired. This is a RARE opportunity for country living with convenience to everything!! Full video surveillance and security system established and active. Property is Shown By Appointment Only
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Location
Property Details
Parking
- Description: Garage Door Opener, Detached, Garage, Kitchen Level, Attached
- Details: Attached, Detached, Garage, Garage Door Opener, Kitchen Level, Boat
- Garage Spaces: 7
- Spaces Total: 7
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Partial): 1
- # of Baths (Total): 4.5
Interior Features
- # of Stories: 2
- Basement: Yes
- Basement Description: Daylight, Exterior Entry, Finished, Interior Entry
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Wood Shingle
- Roof Type: Gable
- Roof Material: Composition
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 01160810001
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Country/Rustic, Traditional
- Year Built: 2004
Tax Information
- Annual Tax: $13,198
Utilities
- Water & Sewer: Private, Shared Well
- Heating: Central, Electric, Forced Air, Zoned
- Cooling: Ceiling Fan(s), Central Air, Dual, Electric
Location
- County: Bartow
Listing Details
Investment Summary
- Monthly Cash Flow
- -$7,327
- Cap Rate
- 0.2%
- Cash-on-Cash Return
- -25.7%
- Debt Coverage Ratio
- 0.04
- Internal Rate of Return (5 years)
- -20.8%
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:
| $1,485,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,188,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $297,000 |
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:
| $44,550 |
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:
| $341,550 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 5,684 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $261 |
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:
| $0.35 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,188,000 |
|---|---|
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:
| $7,607 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,100 |
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:
| $140 |
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:
| $8,847 |
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:
| $2,000 | $24,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$120 | -$1,440 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $1,880 | $22,560 |
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. | 55% | -$1,100 | -$13,198 |
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% | -$140 | -$1,680 |
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% | -$160 | -$1,920 |
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% | -$100 | -$1,200 |
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% | -$100 | -$1,200 |
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 | 80% | -$1,600 | -$19,198 |
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:
| $280 | $3,360 |
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. | -$7,607 | -$91,284 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$7,327 | -$87,924 |