$4,690,000
Investment Summary
- Monthly Cash Flow
- -$22,421
- Cap Rate
- 0.5%
- Cash-on-Cash Return
- -24.9%
- Debt Coverage Ratio
- 0.09
- Internal Rate of Return (5 years)
- -20.1%
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
Ultra Private 175 Acre Estate with 5BD, 4.5BA, 8600sqft Luxury Craftsman Home, 5-Stall Horse Barn, Covered Riding Arena, Cottage Home, Fenced Pastures, Pond, Streams and Waterfall, and Nearly One Mile of National Forest Frontage! Meticulously designed and crafted in the authentic American Arts and Crafts Style, the home has a timeless grace that features a beautiful blend of natural materials, showcase woodworking, and unparalleled finishes: 8' solid interior doors throughout, wide-plank heart pine flooring, furniture grade built-ins and maple cabinetry, Pella architectural windows and doors, and exceptional millwork. Oversized great room has gorgeous dry-stack stone masonry fireplace and pine-paneling, exposed beams. The living area flows outside onto the full-length back porch overlooking the pond. Entertainers' kitchen has panel-front fridge, hidden walk-in pantry, beverage center, two-tier granite island with bar seating, breakfast area, keeping room, and Wolf 6-burner commercial range with hood and grill. Luxurious owners' suite has tray ceilings and barrel vaults, mood lighting, his and hers custom closets, his and hers vanities, and spa tub. 4575 sqft main level also has formal dining area with butler's pantry, parlor room, dedicated office with half bath, laundry, and second bedroom suite. Terrace level hosts game and media room, full kitchen, three bedrooms and two baths, stone patio and veranda, utility rooms, storage and finished flex spaces perfect for crafting or a home gym. The home also has a commercial generator, landscape lighting, firepit and patio, and circle drive and motor court. Property features a 5-stall horse barn with custom stalls, wash bay, bathroom, tack room, and chicken coop. The property also features a 125' x 60' structural steel, covered riding arena that is currently used for storage. The horse pastures are cross fenced and also include a run-in barn. Numerous pastures are also fenced for cattle and there is a cattle chute and utility barn at the north end of the property. There are also two 60'x24' pole barns for hay, feed and equipment storage. A very comfortable and well appointed 2BD, 1BA 1280sqft Cottage is perfect as a caretaker's home or guest home. The property has numerous trails and old roadways, beautiful babbling brooks, cascades and waterfalls, beautiful stands of mountain laurel and rhododendron as well as bountiful wildlife. The estate borders the US National Forest at approximately 5000' of the property boundary guaranteeing an ultra-private and protected lifestyle. Excellent location just minutes to The Orchard G&CC, Hwy 441/365 Corridor, and Tallulah Falls State Park, a short drive to Historic Clarkesville or Clayton, and only 90 minutes to Atlanta.
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Location
Property Details
Parking
- Description: Garage
- Details: Attached, Garage, Guest, Kitchen Level, Parking Pad, Boat
- Garage Spaces: 0
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 7
Bathroom Information
- # of Baths (Full): 5
- # of Baths (Partial): 1
- # of Baths (Total): 0.0
Interior Features
- # of Stories: 2
- Basement: Yes
- Basement Description: Concrete, Daylight, Exterior Entry, Full, Interior Entry
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Combination
- Roof Type: IRR/Cathedral
- Roof Material: Composition
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 141103
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Craftsman
- Year Built: 2005
Tax Information
- Annual Tax: $1
Utilities
- Water & Sewer: Private, Well
- Heating: Heat Pump, Central, Forced Air, Propane
- Cooling: Ceiling Fan(s), Central Air, Heat Pump, Zoned
Location
- County: Habersham
Investment Summary
- Monthly Cash Flow
- -$22,421
- Cap Rate
- 0.5%
- Cash-on-Cash Return
- -24.9%
- Debt Coverage Ratio
- 0.09
- Internal Rate of Return (5 years)
- -20.1%
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:
| $4,690,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$3,752,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $938,000 |
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:
| $140,700 |
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:
| $1,078,700 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 9,855 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $476 |
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:
| $0.31 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $3,752,000 |
|---|---|
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:
| 6.840% |
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:
| $24,560 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $0 |
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:
| $217 |
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:
| $24,777 |
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:
| $3,100 | $37,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$186 | -$2,232 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,914 | $34,968 |
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. | 0% | n/a | -$1 |
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% | -$217 | -$2,604 |
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% | -$248 | -$2,976 |
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% | -$155 | -$1,860 |
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% | -$155 | -$1,860 |
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 | 25% | -$775 | -$9,301 |
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:
| $2,139 | $25,668 |
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. | -$24,560 | -$294,720 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $22,421 | $269,052 |