$497,000
Investment Summary
- Monthly Cash Flow
- -$1,059
- Cap Rate
- 3.6%
- Cash-on-Cash Return
- -11.1%
- Debt Coverage Ratio
- 0.58
- Internal Rate of Return (5 years)
- -6.8%
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
**Stunning 4/5-Bedroom, 3-Bathroom Home in the Prestigious Curtis Farm Community - Zoned for the Highly Acclaimed Creekview High School District!** Welcome to this beautifully updated 4-bedroom (possible 5th bedroom), 3-bathroom home nestled in the desirable Curtis Farm community, a true gem located within the top-rated Creekview High School District. Offering an abundance of space, modern comfort, and unparalleled convenience, this residence is ideal for a growing family. The entry welcomes you with a bright 2-story foyer finished in a modern color scheme. The entire house has been freshly painted. The expansive family room is perfect for hosting those special family gatherings or simply relaxing after a long day. The separate dining room offers formal sophistication and versatility, The lower level also offers a separate flex space that could be for a more formal living space or, as currently being used, as an adult hangout space. There is one bedroom with en-suite bathroom downstairs which could serve as a home office or in-law suite. Upstairs, you'll find three more spacious bedrooms including the owners suite with a sitting room that has been transformed into a home office but could also be a perfect nursery. Each bedroom offers ample space for spreading out as well as closet spaces nicely finished with closet organizers. The two bedrooms on one side of the house share the fully updated hall bath. The versatile loft area provides an ideal space for a homework station, play space, or a cozy reading nook. Step into the grand owners suite, a spacious retreat designed for ultimate comfort and relaxation. With plenty of room to spread out, this generously sized bedroom easily accommodates a king-size bed and additional furniture, offering a serene environment for restful nights. Connected seamlessly to the bedroom is a cozy, private seating area-perfect for unwinding with a book, enjoying your morning coffee. The primary bathroom was recently updated to include a refreshed shower, free-standing tub and modern lighting. The heart of the home, the kitchen, has been updated with freshened cabinets, updated countertops and the addition of an oversized island. Undercabinet lighting rounds out the updated look. The kitchen overlooks the living space, making it perfect for both everyday living and entertaining. Step outside from the kitchen onto the expansive patio, with a view of the terraced backyard providing a serene, very private place to relax. The patio is complete with a hot tub to enjoy luxurious evenings under the stars. The backyard is fully fenced for privacy, offering a safe and serene environment for children and pets to play. The location of this home is unbeatable. Enjoy the convenience of being just a short drive away from vibrant downtown Canton and Alpharetta, where you'll find an array of shopping, dining, and entertainment options. From trendy boutiques to fine dining, outdoor recreation to lively cultural experiences, you will have everything you need right at your doorstep. Don't miss out on this incredible opportunity to own a spacious home in one of the most sought-after communities in the area. Schedule your private tour today and experience firsthand all that this remarkable home has to offer!
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Location
Property Details
Parking
- Description: Garage
- Details: Attached, Garage Door Opener, Kitchen Level
- Garage Spaces: 4
- Spaces Total: 4
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Total): 3.0
Interior Features
- # of Stories: 2
- Basement Description: None
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Brick Veneer
- Foundation: Slab
- Roof Type: Hip
- Roof Material: Composition
HOA
- Has HOA: Yes
- HOA Fee: $300/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 03N17C018
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Brick Front, Traditional
- Year Built: 2008
Tax Information
- Annual Tax: $4,210
Utilities
- Water & Sewer: Public
- Heating: Central
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Cherokee
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,059
- Cap Rate
- 3.6%
- Cash-on-Cash Return
- -11.1%
- Debt Coverage Ratio
- 0.58
- Internal Rate of Return (5 years)
- -6.8%
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:
| $497,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$397,600 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $99,400 |
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:
| $14,910 |
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:
| $114,310 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 0 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| n/a |
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:
| n/a |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $397,600 |
|---|---|
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:
| $2,546 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $351 |
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:
| $189 |
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:
| $3,086 |
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:
| $2,700 | $32,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$162 | -$1,944 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,538 | $30,456 |
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% | -$351 | -$4,210 |
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% | -$189 | -$2,268 |
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% | -$216 | -$2,592 |
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% | -$135 | -$1,620 |
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% | -$135 | -$1,620 |
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. | 1% | -$25 | -$300 |
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 | 39% | -$1,051 | -$12,610 |
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:
| $1,487 | $17,844 |
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. | -$2,546 | -$30,552 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $1,059 | $12,708 |