$204,900
Investment Summary
- Monthly Cash Flow
- -$205
- Cap Rate
- 5.1%
- Cash-on-Cash Return
- -5.2%
- Debt Coverage Ratio
- 0.81
- Internal Rate of Return (5 years)
- -1.1%
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 this 3-bedroom, 2-bathroom, 1,346 sqft single-family residence located in the desirable community of Laura Plantation. This delightful home exudes timeless curb appeal, featuring gray siding with crisp white trim and elegant black shutters. The welcoming front entrance, flanked by sidelights, invites you into a space filled with natural light. Nestled among mature trees, this home offers both beauty and serenity, perfect for those seeking comfort in a well-established neighborhood. As you step inside, you're greeted by a spacious living area filled with sunlight, thanks to the large windows that brighten the room. The neutral color scheme provides a versatile backdrop, making it easy to add your personal touches. At the heart of the home is a sleek, modern kitchen that blends style and functionality. the contrasting white and dark brown cabinetry offers both practicality and charm. Stainless steel appliances-including a refrigerator, range oven, built-in microwave, and dishwasher-await your culinary creations. The central island provides extra counter space for meal preparation or casual dining. Light-colored countertops add a sophisticated touch, balancing the warmth of the cabinetry. The open-plan design ensures that the kitchen flows effortlessly into the dining area, making this space perfect for hosting dinner parties or casual meals with family. Adjacent to the kitchen is the inviting dining room, a space that's ideal for family meals or intimate dinners with friends. Natural light pours in through the large windows, creating an ambiance that is both warm and welcoming. The primary bedroom is a peaceful retreat, offering ample space and comfort. Natural light streams in through large windows, creating a serene atmosphere. The en-suite bathroom provides convenience and privacy, featuring a spacious layout and modern fixtures. Whether you're relaxing at the end of a long day or preparing for the day ahead, this primary suite offers both comfort and convenience. The additional two bedrooms are equally spacious, each with its own closet. These rooms offer flexibility, whether you need guest rooms, a home office, or additional space for a growing family. A second full bathroom serves these rooms, providing a modern and efficient layout for family or visitors. Step outside into the private backyard, a peaceful escape surrounded by mature trees. This outdoor space offers plenty of room for your outdoor furniture, making it an ideal spot for summer barbecues, outdoor dining, or simply relaxing with a cup of coffee. The low-maintenance landscaping ensures you have more time to enjoy the beauty of the space, while still offering the option to create your own garden or outdoor retreat. The large yard offers possibilities for families, pets, or anyone who enjoys spending time outdoors. Conveniently located near Stone Mountain Park, this home offers easy access to outdoor recreation, shopping, dining, and entertainment. The nearby parks and walking trails are perfect for outdoor enthusiasts, while local shops and restaurants provide plenty of options for dining out or running errands. With major highways nearby, commuting to Atlanta and other surrounding areas is quick and convenient. This residence truly stands out with its thoughtful design, modern features, and attention to detail. Whether you're looking for a serene retreat or a space to entertain, this property in the Laura Plantation community offers the ideal blend of luxury and practicality. Don't miss the opportunity to make this exceptional home your own-schedule a private showing today and start envisioning your life in this beautiful home.
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Location
Property Details
Parking
- Description: Garage
- Details: Garage
- Garage Spaces: 1
- Spaces Total: 1
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Total): 0.0
Interior Features
- Basement Description: None
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Wood
- Foundation: Slab
- Roof Material: Other
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 1600301101
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: A-frame, Other
- Year Built: 1984
Tax Information
- Annual Tax: $3,695
Utilities
- Water & Sewer: Public
- Heating: Other, Central, Forced Air
- Cooling: Electric, Central Air
Location
- County: De Kalb
Listing Details
Investment Summary
- Monthly Cash Flow
- -$205
- Cap Rate
- 5.1%
- Cash-on-Cash Return
- -5.2%
- Debt Coverage Ratio
- 0.81
- Internal Rate of Return (5 years)
- -1.1%
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:
| $204,900 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$163,920 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $40,980 |
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:
| $6,147 |
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:
| $47,127 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 1,346 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $152 |
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:
| $1.26 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $163,920 |
|---|---|
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:
| 6.810% |
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:
| $1,070 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $308 |
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:
| $119 |
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:
| $1,497 |
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:
| $1,700 | $20,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$102 | -$1,224 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $1,598 | $19,176 |
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. | 18% | -$308 | -$3,696 |
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% | -$119 | -$1,428 |
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% | -$136 | -$1,632 |
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% | -$85 | -$1,020 |
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% | -$85 | -$1,020 |
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 | 43% | -$733 | -$8,796 |
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:
| $865 | $10,380 |
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. | -$1,070 | -$12,840 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $205 | $2,460 |