$1,999,900
Investment Summary
- Monthly Cash Flow
- -$4,781
- Cap Rate
- 3.4%
- Cash-on-Cash Return
- -12.5%
- Debt Coverage Ratio
- 0.54
- Internal Rate of Return (5 years)
- -8.1%
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
Experience the timeless charm of this magnificent Historic Charleston Single-House reproduction, located off Cherokee Street in Marietta's historic district. Located within the prestigious gated community of Blair Valley, this home offers a serene oasis just three minutes from the Square. Situated on a rare double-lot, this property presents a unique ownership opportunity. The welcoming expansive front porch overlooks the lush community space, setting a picturesque scene. Step inside to find a grand curved staircase that graces the entryway, leading your gaze to the formal living room. This space exudes character, featuring a historic mantle imported from England, meticulous woodwork, and elegant arched door frames that create a striking visual impact. The music room, adjacent to the living room, is bathed in natural light and separated by French pocket doors, offering a cozy yet sophisticated space. The open-concept design seamlessly connects the living areas, including a spacious formal dining room perfect for hosting gatherings. The gourmet kitchen is a chef's dream, equipped with a six-burner Dacor stove, granite countertops with a farm sink, a central island, and coffered ceilings. The breakfast nook surrounded by built-ins and it's charming window seat makes for a cozy spot to sip morning coffee. Off the long hallway adjacent to the kitchen made completely out of natural stone, you will find the luxurious primary suite encompassing a wall of windows that let in an exuberant amount of natural light and see into the stunning side entrance's always-in-bloom landscaping. The en-suite's bathroom offers a fully renovated bathroom that includes a vessel tub, marble shower, and custom-built walk-in closets. Head upstairs from the main curved staircase off the foyer to discover a true auditorium complete with a wet bar and professional movie theater sound quality built out by Marietta's own woodworking company "Rustique." A private bricked porch is located off of this room overlooking the front of the property with sights of the enormous magnolia tree located in the common green of Blair Valley. The first bedroom off the hallway is separated from the auditorium by a bathroom featuring a double-vanity and private shower/tub combination. The next offers a private in-suite bathroom with a custom walk-in closet. The last bedroom opens to a vast walkout Charlestonian piazza overlooking the side courtyard through four sets of French doors. The piazza features a gas stone fireplace with views spanning from front to back of the property. Also, peek over the side railing to find a secret courtyard graced with a pea gravel path leading you from the front of the property all the way to the side entrance which is adorned by mature seasonal landscaping. Above the garage, an additional living space awaits, providing versatility and privacy with potential for an in-law suite. This area includes a separate living room, full bathroom, dedicated workout room (that can serve as an additional bedroom), and back studio filled with natural light that contains yet another private bricked porch with views overlooking the majestic pool and backyard space. Head through the hallway off the back foyer to find a convenient half-bath and mud area. Continue outside to be greeted by a screened-in porch furnished with decor from Serena & Lily with floors exhibiting black and white distressed tile. Arguably the main focal point of this estate is the professionally landscaped backyard encompassing a heated gunite pool with an oversized tanning ledge. The beauty of this spa-like backyard cannot be overstated! Beyond the pool you will find additional green space for croquet, bocce ball, or other activities along with a fire pit area and string lights up above! This exquisite home flawlessly blends historic elegance with modern luxury, offering a truly unique living experience in one of Marietta's most coveted neighborhoods.
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Location
Property Details
Parking
- Description: Attached, Driveway, Garage, Garage Door Opener, Garage Faces Side, Level Driveway, Parking Pad
- Details: Attached, Garage, Garage Door Opener, Parking Pad
- Garage Spaces: 4
- Spaces Total: 4
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Partial): 2
- # of Baths (Total): 0.0
Interior Features
- # of Rooms: 10
- # of Stories: 2
- Basement Description: None
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Brick
- Roof Material: Other
HOA
- Has HOA: Yes
- Association: Homeside Properties
- HOA Fee: $4,208/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 16114502550
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Brick Front, Traditional
- Year Built: 2000
Tax Information
- Annual Tax: $2,003
Utilities
- Water & Sewer: Public
- Heating: Forced Air, Natural Gas, Zoned
- Cooling: Ceiling Fan(s), Central Air, Zoned
Location
- County: Cobb
Investment Summary
- Monthly Cash Flow
- -$4,781
- Cap Rate
- 3.4%
- Cash-on-Cash Return
- -12.5%
- Debt Coverage Ratio
- 0.54
- Internal Rate of Return (5 years)
- -8.1%
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:
| $1,999,900 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,599,920 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $399,980 |
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:
| $59,997 |
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:
| $459,977 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 0 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| n/a |
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:
| n/a |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,599,920 |
|---|---|
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:
| $10,473 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $167 |
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:
| $630 |
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:
| $11,270 |
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:
| $9,000 | $108,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$540 | -$6,480 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $8,460 | $101,520 |
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. | 2% | -$167 | -$2,003 |
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% | -$630 | -$7,560 |
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% | -$720 | -$8,640 |
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% | -$450 | -$5,400 |
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% | -$450 | -$5,400 |
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. | 4% | -$351 | -$4,212 |
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 | 31% | -$2,768 | -$33,215 |
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:
| $5,692 | $68,304 |
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. | -$10,473 | -$125,676 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $4,781 | $57,372 |