$899,000
Investment Summary
- Monthly Cash Flow
- -$1,431
- Cap Rate
- 4.2%
- Cash-on-Cash Return
- -8.3%
- Debt Coverage Ratio
- 0.69
- Internal Rate of Return (5 years)
- -4.0%
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
AMAZING MOUNTAIN VIEWS!!! This gorgeous property has everything you want in a Mountain Home. Nestled in the beautiful amenity rich community of Bent Tree in the North Georgia Mountains, this turnkey furnished, well-built and well-maintained log home boasts 4,441 square feet with five bedroom/3.5 baths on three levels located on 3.16 private acres. This refined/rustic home is made for enjoying all fours seasons in comfort with expansive outdoor deck space and wide-open indoor living areas perfect for entertaining, relaxing by a cozy fireplace or fire pit, playing games in the large game room, stargazing or taking in the gorgeous mountain views and watching wildlife from the decks and windows. Entering through the front door you are immediately immersed in the huge great room wall of windows revealing wonderful mountain views. The beauty and craftmanship of the wood floors, walls and beams coupled with the stone double sided fireplace and perfectly matched furniture and furnishings will give you that special "mountain feeling" that warms the heart and calms the soul. The huge great room with floor to ceiling windows, beautiful wood floors, spacious beamed ceilings, a wood burning stove, and double-sided stone fireplace encompasses the kitchen that anyone who loves to cook would envy with its Subzero refrigerator, stainless steel appliances, and custom cabinets and counter tops. The dining area is also part of the great room, and all areas have gorgeous mountain views and access to the deck. The deck has ample room for grilling, dining, entertaining, relaxing or enjoying the hot tub! The large main floor primary bedroom has a sitting room with three sides of windows and access to the deck and hot tub. The ensuite bath has a ultra-premium Kohler K700 free-standing cast-iron enamel bath seated on top-of-line mahogany base and wrap around towel rail. Also, included is a walk-in shower with custom bench and walk in closet. There is another guest bedroom and bath on the main floor. Stairs from the great room leads to an upper floor with a loft area/interior balcony with those same beautiful mountain views and a private bedroom and half bath. Downstairs on the terrace level is a whole other world where the fun begins! Two large bedrooms split by a huge game room area complete with video games, pool table, and other fun games as well as a home theatre movie theater with 7.1 Atmos custom surround sound. There is also a terrace level deck with mountain views. This luxury mountain home sits on over three acres and is nestled among dozens of acres of serene mountain wilderness, the area includes walking trails leading to various streams and two waterfalls. Please note that this home is an active short term rental and is set up as such, fully furnished and has a list of future rental reservations. It is a great income producer as well as a wonderful investment that an owner can use when not rented as an escape to the serene and beautiful mountains!!! Bent Tree encompasses 3500 acres and features 24/7 security, a 110-Acre private, stocked lake perfect for fishing and kayaking, an 18-Hole Joe Lee designed golf course, four tennis courts (two inside for year round play), ten pickle ball court, two pools, a beach area, hiking trails, water falls, its own fire department and water system, a dog park, bocce ball court, basketball court, horseshoe courts, playground, boat storage, boat launch area, clubhouse, restaurant, waterfalls and hiking trails.
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Location
Property Details
Parking
- Description: Carport
- Details: Carport
- Garage Spaces: 0
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Partial): 1
- # of Baths (Total): 4.0
Interior Features
- # of Stories: 3
- Basement: Yes
- Basement Description: Daylight, Exterior Entry, Finished, Full, Interior Entry
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Log
- Foundation: Concrete Perimeter
- Roof Type: Gable
- Roof Material: Composition, Shingle
HOA
- Has HOA: Yes
- Association: Bent Tree Community, Inc
- HOA Fee: $4,332/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 026B24801
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Cabin, Craftsman, Rustic
- Year Built: 1998
Tax Information
- Annual Tax: $4,778
Utilities
- Water & Sewer: Public
- Heating: Central, Forced Air, Propane
- Cooling: Ceiling Fan(s), Central Air, Electric, Zoned
Location
- County: Pickens
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,431
- Cap Rate
- 4.2%
- Cash-on-Cash Return
- -8.3%
- Debt Coverage Ratio
- 0.69
- Internal Rate of Return (5 years)
- -4.0%
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:
| $899,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$719,200 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $179,800 |
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:
| $26,970 |
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:
| $206,770 |
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:
| $719,200 |
|---|---|
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:
| $4,605 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $398 |
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:
| $399 |
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:
| $5,402 |
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:
| $5,700 | $68,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$342 | -$4,104 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $5,358 | $64,296 |
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. | 7% | -$398 | -$4,778 |
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% | -$399 | -$4,788 |
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% | -$456 | -$5,472 |
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% | -$285 | -$3,420 |
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% | -$285 | -$3,420 |
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. | 6% | -$361 | -$4,332 |
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 | 38% | -$2,184 | -$26,210 |
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:
| $3,174 | $38,088 |
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. | -$4,605 | -$55,260 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$1,431 | -$17,172 |