$655,000
Investment Summary
- Monthly Cash Flow
- -$1,295
- Cap Rate
- 3.8%
- Cash-on-Cash Return
- -10.3%
- Debt Coverage Ratio
- 0.61
- Internal Rate of Return (5 years)
- -6.0%
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 110 Kylemore Pass, an exceptional ranch-style home nestled in the heart of the highly desirable Carrowmore Estates, Tyrone, GA. This rare gem boasts 4 bedrooms, 5.5 bathrooms with bonus room upstairs to be used as a 5th bedroom and nearly 4,500 square feet of meticulously designed living space that offers a perfect blend of luxury, comfort, and modern convenience. With its thoughtful design and multi-generational flexibility, this home truly stands out. MOVE IN READY with PRICE REDUCTION! As you step inside, you're greeted by a grand, light-filled entryway that sets the tone for the entire home. The interior showcases beautiful architectural details, including graceful archways, Palladian windows, and soaring vaulted ceilings that create a sense of openness and elegance. Rich hardwood floors flow throughout, adding warmth and timeless charm to the space. The open and flowing layout is ideal for family gatherings and entertaining, with spacious secondary bedrooms, each featuring vaulted ceilings and ample closet space, and all with their own private bathrooms. The heart of the home is a generous living area that seamlessly connects to the serene, level backyard, creating a perfect space for relaxation or hosting guests. Step outside to your own private oasis, where established landscaping, including lush gardenias and elegant Japanese maples, ensures year-round beauty. Mature trees provide privacy and tranquility, while a charming swing invites you to unwind and enjoy the peaceful surroundings. For those who love outdoor recreation, the expansive yard offers plenty of room for gardening and other activities. The backyard also features a saltwater in-ground pool, perfect for summer relaxation or entertaining family and friends. This outdoor retreat is the ideal setting for both quiet moments and lively gatherings. On the upper level, the massive terrace suite is a true standout, complete with its own kitchenette, full bath, and spacious living areas. This flexible space offers endless possibilities for multi-generational living, guests, or as a private retreat. Natural light pours into this suite, creating a welcoming and serene atmosphere. The primary suite is a true sanctuary, featuring French doors, barn doors, and a lofted ceiling that adds a touch of grandeur. The abundance of natural light enhances the tranquil ambiance, while the spa-like en-suite bathroom offers elegant finishes and luxurious touches. The chef's kitchen is equipped with top-of-the-line stainless steel appliances, a spacious island, custom backsplash, quartz countertops, and a double oven. A walk-in pantry and eat-in kitchen area offer ample space for meal preparation and casual dining. Large windows overlook the backyard, ensuring you're always connected to the beauty of nature while you cook. Adding to the home's appeal is a massive detached workshop, perfect for hobbies, storage, or projects of any kind. Whether you're into woodworking, crafting, or need extra space for storage, this workshop is a valuable addition to this already remarkable property. Now, let's talk about the location. 110 Kylemore Pass offers the perfect balance of peaceful suburban living and unbeatable convenience. Just 25 minutes from the airport, 9 miles from the movie studios, and 8 miles from Peachtree City, you'll enjoy top-tier shopping, dining, and entertainment. With easy access to major highways and outdoor activities, this home is perfectly positioned to offer privacy, accessibility, and everything you need in a location. This is more than just a home; it's an extraordinary lifestyle. Come experience the luxury, comfort, and endless possibilities that await at 110 Kylemore Pass. Seller agrees to pay $2500 in closing cost with an acceptable offer.
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Location
Property Details
Parking
- Description: Garage, Garage Door Opener, Storage, Driveway, Garage Faces Side
- Details: Garage Door Opener
- Garage Spaces: 2
- Spaces Total: 2
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 5
- # of Baths (Partial): 1
- # of Baths (Total): 0.0
Interior Features
- # of Stories: 2
- Basement Description: None
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Pillar/Post/Pier
- Roof Material: Composition
- Pool: Yes
HOA
- Has HOA: Yes
- HOA Fee: $58/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 074308012
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Ranch
- Year Built: 1988
Tax Information
- Annual Tax: $7,513
Utilities
- Water & Sewer: Public
- Heating: Central
- Cooling: Central Air
Location
- County: Fayette
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,295
- Cap Rate
- 3.8%
- Cash-on-Cash Return
- -10.3%
- Debt Coverage Ratio
- 0.61
- Internal Rate of Return (5 years)
- -6.0%
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:
| $655,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$524,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $131,000 |
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:
| $19,650 |
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:
| $150,650 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 4,367 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $150 |
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:
| $0.89 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $524,000 |
|---|---|
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:
| $3,355 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $626 |
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:
| $273 |
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:
| $4,254 |
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:
| $3,900 | $46,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$234 | -$2,808 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,666 | $43,992 |
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. | 16% | -$626 | -$7,513 |
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% | -$273 | -$3,276 |
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% | -$312 | -$3,744 |
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% | -$195 | -$2,340 |
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% | -$195 | -$2,340 |
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. | 0% | -$5 | -$60 |
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 | 41% | -$1,606 | -$19,273 |
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:
| $2,060 | $24,720 |
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. | -$3,355 | -$40,260 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $1,295 | $15,540 |