$1,990,000
Investment Summary
- Monthly Cash Flow
- -$8,578
- Cap Rate
- 1.1%
- Cash-on-Cash Return
- -22.5%
- Debt Coverage Ratio
- 0.18
- Internal Rate of Return (5 years)
- -17.7%
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 this exceptional custom built 4 story craftsman style entertainer's DREAM HOME w/ elevator, upper & lower finished basements, 2 full kitchens, primary bedroom wing, zero entry saltwater heated pool, & 3 car garage located on a cul-de-sac in desirable Fernwood Creek, a swim/tennis community! Built for herself & family, this is a local HGTV star's personal residence with functionality & luxurious upgrades built unlike any others! The curb appeal is a stunning blend of brick & stone facade w/ covered front porch & swings! As you enter, you are greeted by an arched brick foyer w/ an executive home office featuring exotic granite countertop waterfall desk & matching cabinetry w/ barn door close! A bright dining room is to your left & butler's bar. Home has high-end crown molding & trim & hardwood floors throughout. The family room has large wooden ceiling beams, elevator entry, fireplace w/ built-in cabinetry, all with a view of the staircases. Chef's kitchen features high end SS appliances-vent hood, Thermador range & refrigerators, dual dishwashers, dual microwaves, expansive island, a hidden walk-in pantry, leathered granite counters, dumbwaiter that goes from the kitchen up to the primary bedroom, & doors out onto the upper deck. Garage entry is located off kitchen & has surrounding built-in cabinets for storage needs & an EV charger! Also located on main is a half bathroom and an ensuite guest bedroom. Make your way upstairs & discover the luxurious primary bedroom wing! The bedroom features vaulted ceilings w/ beams, custom lighting, & gorgeous stone fireplace w/ built-in bookcases (left bookcase opens into a secret hidden home office!) The stunning oversized primary bathroom is a spa retreat w/ curved dual vanities, soaking tub that fills from the ceiling (2-way mirror by the tub is a hidden TV), total surrounding steam shower w/ heated tiles on the wall, bench, & tile floors, dual shower heads, & glass door. Off the bathroom are 2 massive his/her designer walk-in closets w/ tons of storage shelves & glass doors for all of your clothing, handbags, and shoes- one closet has a built-in LG clothing steamer, an island w/ quartz, & a wine cooler making getting ready to go out the best pregame! Lastly in the primary bathroom are private dual water closets so you never have to share! Located upstairs is another elevator entry, a laundry room with double washers & double dryers plus a sink, & 3 more spacious ensuite bedrooms! Here is where it gets fun- the basement has a basement! Make your way downstairs to the upper basement where you are met with a theater room, a 6th bedroom w/ full bathroom (currently a gym), elevator entry, and a beautiful game room for endless fun! This upper basement has exterior backyard access to a secluded covered back porch w/ under decking & a beautiful spiral staircase down to the pool. The lower basement is where the parties happen! Enjoy a 7th bedroom w/ full bathroom + urinal, spacious living room w/ the last elevator entry, another stunning full kitchen with masculine touches, more high-end appliances, a wall to ceiling bar w/ brick backsplash, bartender sinks, & floating shelves, massive L shaped island, granite counters, hunky metallic vent hood, & black cabinets. A favorite feature is the invisible wall to ceiling glass accordion doors that open out to another backyard covered patio w/ gas grill & outdoor kitchen! This backyard oasis has a heated saltwater pool, large waterslide, hand planted climbing jasmine, spa w/ waterfall, imported palm trees, flat grassy area all completely fenced in with stairs up to the driveway for guest entry! This home is complete with AirRenew drywall in entire house, insulation between every floor, auto clean pool, Rennai tankless water heaters, MyQ system for garage doors, passing radon test, & duration exterior paint. Located just minutes to downtown Roswell, Woodstock, & Alpharetta the trifecta- this makes the subdivision an unbeatable lo
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Location
Property Details
Parking
- Description: Garage
- Details: Attached, Garage, Kitchen Level
- Garage Spaces: 3
- Spaces Total: 3
Bedroom Information
- # of Bedrooms: 7
Bathroom Information
- # of Baths (Full): 7
- # 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: Brick Veneer
- Roof Type: Hip
- Roof Material: Composition, Metal
- Pool: Yes
HOA
- Has HOA: Yes
- HOA Fee: $1,150/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 15N30H012
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Country/Rustic, Craftsman, Traditional
- Year Built: 2016
Tax Information
- Annual Tax: $13,986
Utilities
- Water & Sewer: Public
- Heating: Central, Forced Air, Hot Water, Natural Gas
- Cooling: Ceiling Fan(s), Central Air, Zoned
Location
- County: Cherokee
Investment Summary
- Monthly Cash Flow
- -$8,578
- Cap Rate
- 1.1%
- Cash-on-Cash Return
- -22.5%
- Debt Coverage Ratio
- 0.18
- Internal Rate of Return (5 years)
- -17.7%
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:
| $1,990,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,592,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $398,000 |
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:
| $59,700 |
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:
| $457,700 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 7,441 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $267 |
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:
| $0.60 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,592,000 |
|---|---|
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:
| 6.840% |
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:
| $10,421 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,166 |
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:
| $315 |
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:
| $11,902 |
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:
| $4,500 | $54,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$270 | -$3,240 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,230 | $50,760 |
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. | 26% | -$1,166 | -$13,986 |
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% | -$315 | -$3,780 |
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% | -$360 | -$4,320 |
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% | -$225 | -$2,700 |
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% | -$225 | -$2,700 |
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. | 2% | -$96 | -$1,152 |
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 | 53% | -$2,387 | -$28,638 |
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:
| $1,843 | $22,116 |
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. | -$10,421 | -$125,052 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $8,578 | $102,936 |