$1,199,500
Investment Summary
- Monthly Cash Flow
- -$3,515
- Cap Rate
- 2.7%
- Cash-on-Cash Return
- -15.3%
- Debt Coverage Ratio
- 0.44
- Internal Rate of Return (5 years)
- -10.8%
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
Custom Luxury Home in a Boutique Gated Community with Spectacular Views and Endless Potential. Welcome to this stunning 7-bedroom, 6.5-bathroom custom home, located in a 14 home gated community offering incredible views of the Marietta Country Club golf course from its front rooms. This property boasts elegant finishes, expansive spaces, and unparalleled features designed for luxurious living. Key Features: Impressive Interiors: Gorgeous hardwood floors throughout the main floor, with soaring 11' ceilings and 8' doorways. Trey ceilings add a touch of sophistication to the living areas. Double-Sided Fireplaces: Enjoy cozy evenings by the two double-sided fireplaces one separating the eat-in kitchen and family room, and the other in the owner's suite, dividing the bedroom from the stunning spa-like bathroom. Master on Main: The main level offers a spacious master suite with a luxurious bathroom, custom his/hers closets and features an ADA-compliant second bedroom and full bath, perfect for guests or family. Chef's Kitchen: A culinary haven with a 42" 6-burner JenAir gas cooktop with griddle, a custom updraft vent hood, and a massive walk-in pantry. New, Wi-Fi-enabled dark stainless appliances, including a double oven, dishwasher, and refrigerator, offer both style and convenience. Outdoor Oasis: Relax on the screened porch overlooking the tranquil waterfall or open the family room's hidden screens to let the soothing sounds of the waterfall fill your home. The private garden backyard features a gazebo perfect for lounging by the water and immersing yourself in the peaceful atmosphere. Upstairs Retreat: Two oversized bedrooms share a larger-than-usual Jack-and-Jill bath, while a 5th guest room enjoys its own ensuite bath for ultimate privacy. Basement Level: The finished basement includes a spacious bedroom, full bath, living room, recreation/theater room, and a flex room currently used as an exercise/weightlifting room. Plus, enjoy the large unfinished storage area, and all rooms have exterior door access. Custom Details: New LED lighting fixtures, top-of-the-line clad casement windows, and a large crown trim package enhance the home's overall elegance and appeal. The home is equipped with new gutter guards on oversized gutters, providing added protection and ease of maintenance. Additional Features: 3-Car Garage: With space for all your vehicles and toys, the garage is located in the back of the home, providing privacy and convenience. ADU Potential: Above the garage, a private entry leads to a 7th bedroom, full bath, and living area perfect for additional guests or a home office. Add a kitchenette for a full accessory dwelling unit (ADU). Endless Possibilities: Easily modify the layout by adding an inside stairwell from the garage to the ADU area if desired. Location & Amenities: This home is a true gem, offering both location and privacy in a unique 14-home gated community. DO NOT MISS THE GATE TO ENTER THE LAKE ACCESS AT THE END OF THE STREET. Enjoy the peace and security of a limited-access neighborhood, while being within walking distance to the prestigious Marietta Country Club, Mount Paran Christian School, and Kennesaw Mountain State Park's trails. Plus, you're just moments away from Barrett Parkway, offering shopping, dining, and entertainment options. This is a once-in-a-lifetime opportunity to own a home that combines luxury, comfort, and tranquility. Don't miss out on this exceptional property schedule your private tour today!
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Location
Property Details
Parking
- Description: Garage
- Details: Assigned, Detached, Garage, Garage Door Opener, Kitchen Level
- Garage Spaces: 0
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 7
Bathroom Information
- # of Baths (Full): 6
- # of Baths (Total): 0.0
Interior Features
- # of Rooms: 8
- # of Stories: 2
- Basement: Yes
- Basement Description: Concrete, Exterior Entry, Finished, Full, Interior Entry
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Brick
- Roof Material: Composition
HOA
- Has HOA: Yes
- HOA Fee: $2,400/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 20025200690
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Brick 4 Side, French Provincial, Traditional
- Year Built: 2002
Tax Information
- Annual Tax: $1,894
Utilities
- Water & Sewer: Public
- Heating: Forced Air, Heat Pump, Natural Gas
- Cooling: Ceiling Fan(s), Central Air, Zoned
Location
- County: Cobb
Listing Details
Investment Summary
- Monthly Cash Flow
- -$3,515
- Cap Rate
- 2.7%
- Cash-on-Cash Return
- -15.3%
- Debt Coverage Ratio
- 0.44
- Internal Rate of Return (5 years)
- -10.8%
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:
| $1,199,500 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$959,600 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $239,900 |
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:
| $35,985 |
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:
| $275,885 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 6,156 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $195 |
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:
| $0.73 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $959,600 |
|---|---|
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:
| 6.810% |
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:
| $6,262 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $158 |
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:
| $6,735 |
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. | 4% | -$158 | -$1,894 |
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. | 4% | -$200 | -$2,400 |
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 | 33% | -$1,483 | -$17,794 |
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:
| $2,747 | $32,964 |
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. | -$6,262 | -$75,144 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $3,515 | $42,180 |