$227,500
Investment Summary
- Monthly Cash Flow
- -$468
- Cap Rate
- 3.7%
- Cash-on-Cash Return
- -10.7%
- Debt Coverage Ratio
- 0.60
- Internal Rate of Return (5 years)
- -6.4%
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 to a special one. This beautiful cottage-style home is entirely adorable and has so much to offer. Conveniently located in beautiful and quaint downtown Cedartown Georgia and within walking distance from Peek Forest Park, Main Street, local shops, eateries, grocery, boutique's and so much more. This home and property have recently undergone an extensive rehabilitation and truly is a must-see. Some of the recent upgrades include the original hardwood floors being professionally refinished in an exquisite dark stain, revealing so much rich character from the woodgrain. A fully gutted and entirely new kitchen loaded with beautiful cabinetry, granite countertops, a large non-divided undermount black stainless sink, new LVP flooring and all new matching black stainless LG appliances that include an above range microwave, gas stoveoven, dishwasher and in the pantry sits a matching stainless LG side by side door refrigerator with water and ice maker. Off the kitchen, you will find the laundry room where a brand new, black stainless Samsung washer and dryer are mounted and stacked. Out of the laundry back door leads to the back porch and into the ultra private and serene back yard area where a new firepit awaits to be decorated to your liking. The pit is equipped with 5 tons of medium pebble rock and edged with a 10-inch stone border for containment. Back inside, the bathroom was also fully gutted and now has a large tile shower with a full glass wall and door on the front. Tile flooring, new vent fan, lighting, and vanity. The home has high ceilings and has a sizeable primary suite with a large closet ready to be configured just as you want it. The other two bedrooms are of size as well making it feel roomy and open. The dining room off of the kitchen and pantry is perfectly located in a central location and could host a large table and many dinner guests. The large living room has an antique fireplace for decorative purposes, and the room has all the potential to please, from a cozy night relaxing to hosting a large gathering of friends. The plumbing was entirely replaced throughout the entire home all the way to the street. All lighting in and out of the home have all new fixtures and all lighting is LED as well as 4 new and matching fans. Recessed lighting was also installed in the kitchen, dining and living room. It is equipped with a brand new, 30 year roof with dynamic Architectural shingles that aren't just visually pleasing but offer added weather and strength protection as well. The home has an entirely new Goodman HVAC system including all duct work, registers, returns, etc. The traditional water heater was deleted and a new tankless hot water system has been installed. Moving out to the front of the home, you will find freshly built beds off of the front porch and surrounded by a stone block border. The driveway consists of medium size pebble stone that leads all the way to the back yard. Out front, brand new Zeon Zoysia sod lies in the front yard and by the curb. This all ties in nicely and will offer years and years of beautiful, low maintenance with very pleasing curb appeal. The new sod out front is still in the rooting stage, so please refrain from walking on the turf during this time. Moving on to a feature that doesn't get much mention with a home listing description, the crawlspace. This home has more of a 'stand-space', meaning there is adequate headroom and plenty of room for storage of lawn mowers, Christmas decor, other storage, ect. Not to mention, with all of the new plumbing, the new HVAC, new tankless hot water and a brand new vapor barrier, you could even use it as a small workshop. This home was meticulously rehabilitated and no expense was spared. All work was performed by professionals who have a strong reputation for high-quality work and was just done right. Book yourself an appointment to see it today while it is still available!
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Location
Property Details
Parking
- Details: Parking Pad, Off Street
- Garage Spaces: 0
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Full): 1
- # of Baths (Partial): 0
- # of Baths (Total): 1.0
Interior Features
- # of Rooms: 7
- # of Stories: 1
- Basement Description: Crawl Space, Exterior Entry
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Vinyl siding
- Roof Type: Gable or Hip
- Roof Material: Composition
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: C19095
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Bungalow/Cottage
- Year Built: 1900
Tax Information
- Annual Tax: $1,568
Utilities
- Water & Sewer: Public
- Heating: Central
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Polk
Listing Details
Investment Summary
- Monthly Cash Flow
- -$468
- Cap Rate
- 3.7%
- Cash-on-Cash Return
- -10.7%
- Debt Coverage Ratio
- 0.60
- Internal Rate of Return (5 years)
- -6.4%
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:
| $227,500 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$182,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $45,500 |
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:
| $6,825 |
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:
| $52,325 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 1,422 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $160 |
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:
| $0.84 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $182,000 |
|---|---|
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:
| $1,165 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $131 |
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:
| $84 |
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:
| $1,380 |
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:
| $1,200 | $14,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$72 | -$864 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $1,128 | $13,536 |
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. | 11% | -$131 | -$1,568 |
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% | -$84 | -$1,008 |
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% | -$96 | -$1,152 |
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% | -$60 | -$720 |
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% | -$60 | -$720 |
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 | 36% | -$431 | -$5,168 |
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:
| $697 | $8,364 |
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. | -$1,165 | -$13,980 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $468 | $5,616 |