$1,995,000
Investment Summary
- Monthly Cash Flow
- -$9,210
- Cap Rate
- 0.6%
- Cash-on-Cash Return
- -24.1%
- Debt Coverage Ratio
- 0.10
- Internal Rate of Return (5 years)
- -19.2%
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
Two Open Houses this weekend! Saturday 6/7 from 12:00-2:00PM & Sunday 6/8 from 2:00PM- 4:00 PM! Step into timeless elegance and modern sophistication at 175 Tillman Lane, nestled in the heart of the highly sought-after Fivepoints community. This exquisite residence effortlessly combines location, luxury, and privacy, offering a truly unparalleled lifestyle experience. From the moment you arrive, you'll be captivated by the striking curb appeal and masterfully designed exterior. A seamless blend of rich wood tones and natural stone accents creates a warm, inviting aesthetic that sets this home apart. The custom-designed landscaping, featuring a manicured lawn and lush greenery, adds a finishing touch to the welcoming facade creating an atmosphere that feels both serene and sophisticated. As you cross the threshold, a gracious foyer welcomes you with soaring ceilings and abundant natural light. The open-concept design flows effortlessly into the main living area, where an elegant fireplace and thoughtful architectural details make the space perfect for relaxing evenings or entertaining guests. Vaulted ceilings and wide-open sightlines lend a sense of grandeur to every room. At the heart of the home, the newly renovated gourmet kitchen is a true showstopper. Outfitted with top-of-the-line stainless steel appliances, gleaming quartz countertops, and custom cabinetry, this culinary haven is both functional and beautiful. Multiple seating areas, ample counter space, and an oversized island make this space ideal for casual family meals or large gatherings. Adjacent to the kitchen, a formal dining room bathed in natural light offers the perfect setting for memorable dinners and holiday celebrations. Retreat to your luxurious primary suite, a true sanctuary designed for rest and relaxation. This expansive suite boasts generous space for any layout, while the spa-inspired en-suite bathroom is a vision of luxury. Enjoy double vanities, a stunning walk-in shower with rainhead, and a private soaking tub set beside its very own fireplace perfect for unwinding after a long day. The main floor also features a cozy, beautifully finished home office and a conveniently located half-bath for guests. Upstairs, you'll find a smart and functional layout that includes three spacious bedrooms connected by a thoughtfully designed Jack and Jill bathroom ideal for family members or guests. Each bedroom offers ample storage, abundant light, and peaceful ambiance. A true gem of the property, the walkout basement offers both functionality and style. A haven for entertainment and relaxation, this space boasts soaring 10-foot ceilings and an open-concept design tailored for fun. Enjoy the fully-equipped bar area perfect for hosting, a dedicated billiards space, and multiple seating areas for gatherings of any size. But what truly makes this basement unforgettable is the custom-built wine cellar. Surrounded by stone walls and ambient lighting, its an intimate, inviting space designed to savor life's finest moments. And the magic continues outdoors. Step into a backyard built for entertaining and designed for serenity. Whether you're enjoying quiet mornings or lively evenings with friends, the expansive patio space has it all. Multiple sitting areas, a stunning built-in stone fire pit, and an outdoor kitchen with a large grill and island create the ultimate outdoor living experience. The artificial turf lawn is low-maintenance and high-impact, featuring a custom putting green for golf enthusiasts. Mature trees encircle the .63-acre lot, offering unmatched privacy while still placing you just moments from everything Fivepoints has to offer. This home is a rare gem meticulously designed, impeccably maintained, and truly move-in ready. Every inch has been thoughtfully crafted for comfort, luxury, and timeless appeal. Don't let this one-of-a-kind property slip through your fingers. Schedule your private tour today and experience the dream for yourself
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Location
Property Details
Parking
- Description: Attached Garage
- Details: Garage
- Garage Spaces: 4
- Spaces Total: 4
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Partial): 1
- # of Baths (Total): 0.0
Interior Features
- # of Stories: 3
- Basement: Yes
- Basement Description: Exterior Entry, Finished, Full, Interior Entry
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Wood
- Roof Type: Gable or Hip
- Roof Material: Other
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 124A4B005
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Traditional
- Year Built: 2007
Tax Information
- Annual Tax: $11,073
Utilities
- Water & Sewer: Public
- Heating: Central
- Cooling: Electric
Location
- County: Clarke
Investment Summary
- Monthly Cash Flow
- -$9,210
- Cap Rate
- 0.6%
- Cash-on-Cash Return
- -24.1%
- Debt Coverage Ratio
- 0.10
- Internal Rate of Return (5 years)
- -19.2%
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:
| $1,995,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,596,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $399,000 |
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:
| $59,850 |
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:
| $458,850 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 4,402 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $453 |
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:
| $0.64 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,596,000 |
|---|---|
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:
| $10,219 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $923 |
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:
| $196 |
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:
| $11,338 |
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:
| $2,800 | $33,600 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$168 | -$2,016 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,632 | $31,584 |
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. | 33% | -$923 | -$11,073 |
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% | -$196 | -$2,352 |
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% | -$224 | -$2,688 |
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% | -$140 | -$1,680 |
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% | -$140 | -$1,680 |
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 | 58% | -$1,623 | -$19,473 |
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:
| $1,009 | $12,108 |
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. | -$10,219 | -$122,628 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $9,210 | $110,520 |