$550,000
Investment Summary
- Monthly Cash Flow
- -$874
- Cap Rate
- 4.2%
- Cash-on-Cash Return
- -8.3%
- Debt Coverage Ratio
- 0.69
- Internal Rate of Return (5 years)
- -4.0%
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
Your North Georgia Mountain Retreat Awaits. Imagine waking up to the soothing soundtrack of a rushing creek and ending your day with a spectacular seasonal mountain view-this is not a dream, it's the everyday reality of this truly exceptional mountain home. Tastefully and fully renovated, this property offers the quintessential North Georgia living experience, blending rustic charm with sophisticated, turn-key modern luxury. From the moment you arrive, the meticulous care and vast curb appeal will draw you in, accented by beautiful seasonal blooms. A newly poured, level driveway and extra parking ensure a stress-free arrival for you and your guests. Step inside to an interior defined by quality: large plank heart pine flooring, abundant tongue-and-groove accents, and stunning beamed ceilings create a cozy, authentic mountain ambiance brimming with character. The chef's kitchen is a standout, fully outfitted with NEW (2024) top-of-the-line GE Cafe Stainless Steel appliances, including a dual-fuel double oven and a French door refrigerator. Classic honed stone countertops, a generous farm sink, and undercabinet lighting complete this inviting space. The open-concept flow effortlessly connects the kitchen to the dining and living rooms, leading directly out to the back deck-a perfect setup for seamless entertaining. The luxurious primary suite is conveniently located on the main level and serves as a private sanctuary. It features a walk-in closet and a spacious bathroom complete with dual vanities, a separate shower, and a magnificent claw foot tub for ultimate relaxation. Best of all, the primary suite opens to its own private screened-in porch, an idyllic spot for slowing down and savoring the mesmerizing sounds of the rushing creek right behind the property. The home provides ample, thoughtfully designed space across all three levels: The upper floor boasts a huge den, library, or sitting area, a second bedroom, and a beautifully renovated full bath-ideal for a private guest retreat or home office. The daylight terrace level offers even more flexibility with a large sitting area, a third bedroom, a renovated full bath, and a generous bonus space perfect for a workshop or workout studio. This level walks out directly to the back patio and provides easy access for golf cart parking area. Enjoy true peace of mind with significant updates already completed. This is more than a home; it's the peaceful, fully updated mountain haven you've been searching for. *****The home is located in the Amenity Rich Bent Tree - a gated Golf Cart Community with Resort Style Amenities including private Public Safety/Fire & Water Departments. Also featuring an 18 Hole Golf Course (Joe Lee Designed), 2 Pools, Equestrian Club, Trails Galore, 110 Acre Lake for Swimming, Fishing, Kayaking, Boating, etc., Tennis & Pickleball (indoor and outdoor, 6 dedicated Pickleball and Tennis Clay courts), Large and active Dog Park, and MORE! This is a community with strong fellowship and camaraderie. The clubs and activities are far too large to list. Ask Toni for more info! Don't miss the opportunity to own this turn-key mountain masterpiece. Up to $3500 credit toward closing costs when financing with Mark Baker -SWBC Mortgage. Ask Toni for more info! Schedule your private showing today!
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Location
Property Details
Parking
- Description: Driveway, Kitchen Level, Level Driveway
- Details: Carport, Parking Pad
- Garage Spaces: 0
- Spaces Total: 4
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Total): 3.0
Interior Features
- # of Stories: 3
- Basement: Yes
- Basement Description: Daylight, Exterior Entry, Finished, Interior Entry
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Wood
- Roof Type: Gable
- Roof Material: Composition
- Pool: Yes
HOA
- Has HOA: Yes
- HOA Fee: $4,332/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 024D435
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Cape Cod, Colonial, Traditional
- Year Built: 1994
Tax Information
- Annual Tax: $2,163
Utilities
- Water & Sewer: Public
- Heating: Central, Forced Air, Propane
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Pickens
Listing Details
Investment Summary
- Monthly Cash Flow
- -$874
- Cap Rate
- 4.2%
- Cash-on-Cash Return
- -8.3%
- Debt Coverage Ratio
- 0.69
- Internal Rate of Return (5 years)
- -4.0%
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:
| $550,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$440,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $110,000 |
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:
| $16,500 |
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:
| $126,500 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,136 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $175 |
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:
| $1.15 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $440,000 |
|---|---|
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:
| $2,817 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $180 |
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:
| $252 |
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:
| $3,249 |
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:
| $3,600 | $43,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$216 | -$2,592 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,384 | $40,608 |
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. | 5% | -$180 | -$2,163 |
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% | -$252 | -$3,024 |
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% | -$288 | -$3,456 |
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% | -$180 | -$2,160 |
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% | -$180 | -$2,160 |
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. | 10% | -$361 | -$4,332 |
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 | 40% | -$1,441 | -$17,295 |
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:
| $1,943 | $23,316 |
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. | -$2,817 | -$33,804 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$874 | -$10,488 |