$840,472
Investment Summary
- Monthly Cash Flow
- -$2,575
- Cap Rate
- 2.5%
- Cash-on-Cash Return
- -16.0%
- Debt Coverage Ratio
- 0.40
- Internal Rate of Return (5 years)
- -11.5%
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
Refined Luxury Just Steps from the Marina. Gracefully situated just a five minute stroll from the marina, this exquisite residence is a true retreat, where timeless design meets modern sophistication. Every detail has been thoughtfully curated to elevate daily living, from high end finishes to luxurious custom features throughout. An open foyer welcomes you into a warm and intimate living space anchored by a coffered ceiling, custom built-ins, and a striking gas fireplace. Rich hardwood floors flow throughout the main level, setting the tone for elegance and comfort. Perfectly designed for both intimate gatherings and grand entertaining, the home features a separate formal dining room spacious enough to comfortably seat twelve guests a rare and refined space ideal for hosting unforgettable dinners. The gourmet kitchen is as functional as it is beautiful, showcasing soft-close cabinetry, lavish granite countertops, stainless steel appliances, and a custom walk-in pantry complete with a wine and beverage fridge. An oversized granite island offers hidden storage and a seamless connection to the living and casual dining areas. The main level primary suite is a serene retreat, enhanced by remote-controlled shades, a luxurious spa inspired bath with an oversized tiled shower, dual vanities, and a fully customized walk-in closet. Also located on the main level is a spacious secondary bedroom with a private full bath, perfect for overnight guests, multi-generational living, or a private office. Upstairs, you'll find three generously sized bedrooms including one with an en suite bath and two connected by a Jack-and-Jill layout, plus a large bonus room offering flexibility for media, recreation, or additional guest space. Custom closet systems throughout the home provide beautiful and functional storage in every room. Enjoy outdoor living year round with three distinct porches: an open-air terrace, a covered veranda, and a screened-in porch with a second gas fireplace, creating an idyllic setting for cozy evenings and stylish entertaining. The professionally landscaped grounds include lush Zoysia grass in the backyard, a 7-zone irrigation system, and low-voltage landscape lighting that enhance curb appeal and outdoor enjoyment. Additional exceptional features include: Low-voltage speaker system in living, kitchen, dining, primary suite, and screened porch Wired security sensors on all main-level doors and windows Programmable remote-control shades in the primary suite, kitchen, dining, and master bath Whole-house surge protector and tankless hot water heater Updated lighting and designer ceiling fans throughout Two new HVAC systems (Upstairs 2022, Downstairs 2023) Golf cart garage Fire pit area, optional playground/swing set Private, wooded lot with mature tree lines With lake views, rare main level accommodations, expansive entertaining spaces, and refined finishes at every turn, this home offers a lifestyle defined by comfort, elegance, and tranquility. Enjoy the resort-like amenities that Lake Redwine offers: a pristine 300-acre lake for swimming, fishing, and boating, a charming marina, two sparkling pools splash pad entry and fountains, a family-friendly playground, lighted tennis and pickleball courts, an inviting clubhouse, streetlights throughout, and miles of scenic sidewalks for strolling. Driving Convenience to Historic Downtown Newnan Shopping and Dining*I-85 and Hartsfield Jackson International Airport.
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Location
Property Details
Parking
- Description: Garage
- Details: Attached, Garage, Garage Door Opener, Kitchen Level
- Garage Spaces: 2
- Spaces Total: 2
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 7
- # of Stories: 2
- Basement Description: None
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Fiber cement siding (Hardi-board/Hardi-plank
- Roof Type: Gable
- Roof Material: Composition
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 0715184069
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Craftsman, Stone Frame
- Year Built: 2012
Tax Information
- Annual Tax: $5,740
Utilities
- Water & Sewer: Public
- Heating: Central, Electric, Zoned
- Cooling: Ceiling Fan(s), Central Air, Dual, Electric, Zoned
Location
- County: Coweta
Listing Details
Investment Summary
- Monthly Cash Flow
- -$2,575
- Cap Rate
- 2.5%
- Cash-on-Cash Return
- -16.0%
- Debt Coverage Ratio
- 0.40
- Internal Rate of Return (5 years)
- -11.5%
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:
| $840,472 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$672,378 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $168,094 |
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:
| $25,214 |
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:
| $193,308 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,389 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $248 |
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:
| $0.94 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $672,378 |
|---|---|
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:
| $4,305 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $478 |
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:
| $224 |
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:
| $5,007 |
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:
| $3,200 | $38,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$192 | -$2,304 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,008 | $36,096 |
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. | 15% | -$478 | -$5,741 |
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% | -$224 | -$2,688 |
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% | -$256 | -$3,072 |
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% | -$160 | -$1,920 |
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% | -$160 | -$1,920 |
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 | 40% | -$1,278 | -$15,341 |
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:
| $1,730 | $20,760 |
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. | -$4,305 | -$51,660 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$2,575 | -$30,900 |