$1,045,500
Investment Summary
- Monthly Cash Flow
- -$2,722
- Cap Rate
- 3.0%
- Cash-on-Cash Return
- -13.6%
- Debt Coverage Ratio
- 0.49
- Internal Rate of Return (5 years)
- -9.1%
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
Buyer Incentive!!!! $20k Homebuyers credit at closing! Gorgeous horse farm on a private 10.9-acre gated estate located in the highly sought after Southern Coweta County. PRICED BELOW APPRAISED VALUE!! This home has been completely transformed from the inside out! Enter the property thru two beautiful rod iron w/stone Pillar gates to a beautiful home sitting up on the hill surrounded by 4 board black fenced pastures. Greeting you at first approach is an oversized covered front patio overlooking the beautiful rolling views. This gated property hosts many features to include a large stable with 4 stalls, hay loft, tack room and 1/2 bath. A large, deep, oversized workshop with power and oversized lean-tos for all of your needs. Horse run ins located 3 at the main barn and in 2 of the 4 separate fenced fields with a working round pen. Water ran from a deep well to all of the pastures with 4 total water heads, 3 of which are brand new. Lots of wildlife call this place home. The main home has been completely updated starting from 2023-2025 and features a Master on the main with New and Refinished Real hardwood floors throughout the main floor, updated large baseboards with custom trims throughout the home, beautiful paint colors. The master features private double door accessible to the back porch and beautiful views to the pastures. The Master closet has been customized with wood shelving for all of your needs. Walk in through double doors to a large master bathroom with plenty of natural lighting, oversized double vanities with leathered granite countertops, a large soaking tub and custom tiled walk-in shower with plenty of storage space. The living room has a wall of floor to ceiling windows that overlook the beautiful rolling pastures and woods offering plenty of natural lighting. Walk right out the French doors to an oversized fully covered back patio that is almost the entire length of the home. The open floorplan is perfect for your family gatherings as the island seats a minimum of 6 with a large separate breakfast nook featuring a large bay window. The Main Kitchen has beautiful unique leathered granite countertop, SS appliances to include Double ovens, trash compactor (upstairs and downstairs) Dishwasher and plenty or cabinetry. Upstairs you will find 3 oversized bedrooms that have plenty of closet space and one includes a wet bar ready for use and a full updated bathroom with granite countertops. In the downstairs in-law suite you will find a master bedroom with a private full bath, full eat in kitchen to include all appliances, a secondary bedroom, large living area with fireplace and oversized walk out patio. The home features an oversized 2 car garage with plenty of extra room to store, and additional covered parking under a wooden custom 25x20 carport. A bonfire area on the hill allows you to enjoy all of the views around the property and recently added is a 20x20 dog kennel. Plenty of parking with a additional 35x30 parking pad with Millins for your camper, horse trailers etc. Take a stroll on one of the many horse trail systems in the neighborhood! The views from every angle of this home are exquisite. There really is too much to list it is a must-see show stopping home. New HVAC System, Newer carpet, New and Newer Hardwood flooring, New tall baseboards, New tile floors, New electrical added to support hot tub downstairs, New paint, New Leathered Granite, New fixtures, New Door Hardware, New Ceiling fans, New everything. Pastures have been reseeded for two years with Bermuda grass. Not shown in pictures are black doorknobs and hinges throughout the entire home. This home sits only minutes away from downtown Newnan, Ashley Park shopping, Newnan Fair Grounds and Interstate access I-85.
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Location
Property Details
Parking
- Description: Carport, Detached, Garage, Garage Door Opener, Kitchen Level, RV/Boat Parking, Side/Rear Entrance, Storage
- Details: Carport, Detached, Garage, Garage Door Opener, Kitchen Level, Storage, Boat
- Garage Spaces: 0
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 6
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Partial): 1
- # of Baths (Total): 0.0
Interior Features
- # of Rooms: 8
- # of Stories: 3
- Basement: Yes
- Basement Description: Daylight, Exterior Entry, Finished, Full, Interior Entry
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Fiber cement siding (Hardi-board/Hardi-plank
- Foundation: Slab
- Roof Type: Gable
- Roof Material: Composition
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 0772089010
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Traditional
- Year Built: 2000
Tax Information
- Annual Tax: $6,480
Utilities
- Water & Sewer: Private, Well
- Heating: Central
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Coweta
Investment Summary
- Monthly Cash Flow
- -$2,722
- Cap Rate
- 3.0%
- Cash-on-Cash Return
- -13.6%
- Debt Coverage Ratio
- 0.49
- Internal Rate of Return (5 years)
- -9.1%
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:
| $1,045,500 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$836,400 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $209,100 |
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:
| $31,365 |
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:
| $240,465 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,867 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $270 |
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:
| $1.19 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $836,400 |
|---|---|
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:
| $5,356 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $540 |
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:
| $322 |
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:
| $6,218 |
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:
| $4,600 | $55,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$276 | -$3,312 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,324 | $51,888 |
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. | 12% | -$540 | -$6,480 |
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% | -$322 | -$3,864 |
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% | -$368 | -$4,416 |
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% | -$230 | -$2,760 |
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% | -$230 | -$2,760 |
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 | 37% | -$1,690 | -$20,280 |
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:
| $2,634 | $31,608 |
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. | -$5,356 | -$64,272 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $2,722 | $32,664 |