$1,175,000
Investment Summary
- Monthly Cash Flow
- -$4,686
- Cap Rate
- 1.4%
- Cash-on-Cash Return
- -20.8%
- Debt Coverage Ratio
- 0.22
- Internal Rate of Return (5 years)
- -16.1%
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
Welcome home to an amazing property on 10 acres - two five acre tracts offering the opportunity to possibly build a second home - in South Oconee County with flowering shrubs, trees, numerous perennials, grasses and bulbs. Historic plants on the property include pomegranate, pear, newly planted blueberries and thornless black berries. Home features 4300 square feet with six bedrooms and four bathrooms. In 2012 the previous owners updated the electrical, plumbing, siding and windows. An addition was added in 2020, adding 2220 heated sq. ft with hardiplank siding, two large porches, barn renovations, fencing/cross fencing of the entire 10 acres. All of the details -the metal roof, the moldings, the large windows providing expansive views of the property allow for bountiful natural light. Original oak hardwoods are found in the home and reclaimed 12" wide 1" thick heart pine flooring is throughout the new entryway off the covered porch, the new Great Room and Kitchen harvested from the second floor of the onsite workshop building. The eye catching front door with large diamond pane glass is a wonderful entry to the home.Three additional diamond pane doorways from a mill in Pennsylvania are in the home as well as a built in cabinet to the left of the front featuring the diamond panes and a new wood door on the right porch that was designed to replicate the original doors. The family room has a fireplace with vented gas logs, triple crown molding.To the left of the family room are three bedrooms and two bathrooms. One bath features a large tiled shower and two separate vanities. The Dining Room has wainscotting and a coffered ceiling. The kitchen was expanded with a new bar top with seating for eight and the new family room with vaulted ceilings with beadboard and reclaimed wood beams from the barn. An original barn loft door has been installed above the new brick fireplace constructed with new and old brick with wavy mortar joints to authenticate the look of the old farmhouse. A functioning wood cook stove seated on a brick hearth was installed in the breakfast area. There is a walk-in pantry with one of the diamond paned doorways with slate flooring and a new appliance closet adjacent to the pantry. Large sliding glass doors allow views of the courtyard with flagstone paving, flanked with beautiful plants and a historic granite table for outdoor meals and gatherings. Outside the great room is a new screened porch with vaulted ceilings, 5V metal reclaimed from the home addition as and wood beams from the barn. Master Suite was added with a walk-in closet, 9 double vanity and tiled shower. Massive mud room with tiled floors has built in cubbies for backpacks, jackets, shoes, a laundry sink, folding area and leaded glass window. Off the Great Room are two office spaces one with pocket door for privacy. Stairway to second floor has stained oak treads, large oak newel post and 2" square pickets. A cozy reading nook welcomes you on the second floor where there are two bedrooms and a tiled full bath. The new porch offers a great place to enjoy views of the property and a great relaxing spot for all day enjoyment. There are three accessory structures, a small barn (20 x 20) on a poured slab closest to the home, large pole barn for tractor/trailer/ barn storage or possible animal stalls. The largest building is two story with loft approximately 20 x 30 built originally as a workshop/granary. So much more including a vegetable garden plot, chicken coop, custom treehouse and heavy producing pecans.
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Location
Property Details
Parking
- Details: Parking Pad
- Garage Spaces: 6
- Spaces Total: 6
Bedroom Information
- # of Bedrooms: 6
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Total): 4.0
Interior Features
- # of Stories: 2
- Basement Description: Crawl Space
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Wood Siding
- Roof Type: Gable
- Roof Material: Metal
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: B11024
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Country/Rustic
- Year Built: 1910
Tax Information
- Annual Tax: $4,699
Utilities
- Water & Sewer: Private, Well
- Heating: Heat Pump, Central, Electric
- Cooling: Ceiling Fan(s), Central Air, Electric, Heat Pump
Location
- County: Oconee
Listing Details
Investment Summary
- Monthly Cash Flow
- -$4,686
- Cap Rate
- 1.4%
- Cash-on-Cash Return
- -20.8%
- Debt Coverage Ratio
- 0.22
- Internal Rate of Return (5 years)
- -16.1%
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:
| $1,175,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$940,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $235,000 |
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:
| $35,250 |
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:
| $270,250 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 4,300 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $273 |
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:
| $0.58 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $940,000 |
|---|---|
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:
| 6.625% |
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:
| $6,019 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $392 |
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:
| $175 |
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:
| $6,586 |
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:
| $2,500 | $30,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$150 | -$1,800 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,350 | $28,200 |
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% | -$392 | -$4,700 |
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% | -$175 | -$2,100 |
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% | -$200 | -$2,400 |
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% | -$125 | -$1,500 |
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% | -$125 | -$1,500 |
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 | 41% | -$1,017 | -$12,200 |
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:
| $1,333 | $15,996 |
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. | -$6,019 | -$72,228 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $4,686 | $56,232 |