$955,350
Investment Summary
- Monthly Cash Flow
- -$2,362
- Cap Rate
- 3.3%
- Cash-on-Cash Return
- -12.9%
- Debt Coverage Ratio
- 0.53
- Internal Rate of Return (5 years)
- -8.5%
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
Executive Home at the Base of Kennesaw Mountain. Nestled in the sought-after Ridenour Hedgewood neighborhood, this exquisite former model home embodies the charm and sophistication of Hedgewood design. With a low annual HOA fee of just $555, residents enjoy access to grandfathered amenities including a pool, tennis courts, a swim team, parks, and a playground.This spacious property features a carriage house, perfect for use as an in-law suite, college student residence, or rental. (long term rentals are allowed). The carriage house boasts: a large living area with a washer/dryer connection. An open FULL kitchen and a second-story bedroom with generous closets and a full bath. This carriage home features a new HVAC system and water heater. The main house is filled with custom details and luxurious finishes: The former model home features many elegant features. Coffered ceilings, detailed moldings, and plantation shutters. The high main level ceilings as well as the high ceilings on the terrace level lend to the openness of the home. The large kitchen flows into a great room featuring a gas starter fireplace and built-in cabinets and shelves. Generously sized dining room that includes a ButlerCOs pantry with water line, ideal as a coffee and tea bar. Relish the ChefCOs Kitchen that boasts a large island with seating for 6Co8. High-end Kitchen Aid appliances, including a gas range with auto vent hood and a convection oven/microwave. Built-in hutch, perfect for serving large gatherings and ample pantry storage.The second floor provides an oversized primary bedroom with a gas starter fireplace.with French doors leading to a screened in balcony. Elegant spa bath with separate tiled shower, dual vanities and a spacious walk-in closet. The secondary bedrooms each feature walk-in closets and a Jack-and-Jill bathroom. Ease and convenience is the second-floor laundry room with built-in cabinets. The Third-floor bedroom, ideal as an office or teen suite, complete with a full bath, large closet, and newer carpet with upgraded padding. If this isnCOt enough space head down to the terrace level where you will enjoy a flex room with a closet, suitable as a bedroom.a large bathroom and the finished living space is perfect for a media room. Additional potential is in the unfinished walk-out area with washer/dryer hookups and ready for additional finished space. You will enjoy the exterior features that include a covered front porch spanning the width of the home. Side screened balcony and side porch. The fenced yard with a screened porch flagstone patio and capped gas line, ready for an outdoor fire pit. The seller has made the recent updates, new roof, HVAC system, and water heater.and added full-yard fencing.This exceptional home offers an unparalleled combination of comfort, convenience, and style in one of KennesawCOs most desirable neighborhoods. This beautiful home is tucked away in a park-like setting, minutes to I75, Wellstar and Kennesaw State, Whole Foods, shopping and dining.
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Location
Property Details
Parking
- Description: Level Driveway, Parking Pad
- Details: Parking Pad
- Garage Spaces: 3
- Spaces Total: 3
Bedroom Information
- # of Bedrooms: 6
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Partial): 2
- # of Baths (Total): 0.0
Interior Features
- # of Rooms: 9
- # of Stories: 3
- Basement: Yes
- Basement Description: Daylight, Exterior Entry, Finished, Full, Interior Entry
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Wood
- Foundation: Block
- Roof Material: Composition
HOA
- Has HOA: Yes
- Association: Community Management Asspc
- HOA Fee: $555/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 20021101560
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Bungalow/Cottage, Craftsman, Traditional
- Year Built: 2001
Tax Information
- Annual Tax: $9,337
Utilities
- Water & Sewer: Public
- Heating: Heat Pump, Central, Forced Air
- Cooling: Ceiling Fan(s), Central Air, Heat Pump, Zoned
Location
- County: Cobb
Listing Details
Investment Summary
- Monthly Cash Flow
- -$2,362
- Cap Rate
- 3.3%
- Cash-on-Cash Return
- -12.9%
- Debt Coverage Ratio
- 0.53
- Internal Rate of Return (5 years)
- -8.5%
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:
| $955,350 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$764,280 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $191,070 |
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:
| $28,661 |
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:
| $219,731 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 4,953 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $193 |
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:
| $1.01 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $764,280 |
|---|---|
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:
| $4,988 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $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.
Insurance:
| $350 |
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:
| $6,116 |
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:
| $5,000 | $60,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$300 | -$3,600 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,700 | $56,400 |
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% | -$778 | -$9,337 |
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% | -$350 | -$4,200 |
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% | -$400 | -$4,800 |
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% | -$250 | -$3,000 |
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% | -$250 | -$3,000 |
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% | -$46 | -$552 |
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% | -$2,074 | -$24,889 |
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:
| $2,626 | $31,512 |
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. | -$4,988 | -$59,856 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $2,362 | $28,344 |