$1,050,000
Investment Summary
- Monthly Cash Flow
- -$2,394
- Cap Rate
- 3.4%
- Cash-on-Cash Return
- -11.9%
- Debt Coverage Ratio
- 0.55
- Internal Rate of Return (5 years)
- -7.5%
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
Exquisite Southern Estate - Timeless Charm Meets Luxury Living Welcome to Crabapple Cottage, an elegant showcase of Southern Living architecture that blends classic charm with refined comfort. This masterfully designed residence features 4 spacious bedrooms and 4 full bathrooms, with abundant potential on the expansive terrace level for additional custom living spaces. Stunning Curb Appeal From the moment you arrive, the wide rocking chair front porch invites peaceful relaxation under the shade of beautifully manicured trees. Professionally landscaped and adorned with Dogwoods and Crape Myrtles, the outdoor setting is both welcoming and serene. Elegant Interiors with Designer Touches Step through the two-story foyer into an open-concept layout framed by rich hardwood floors, intricate crown molding, plantation shutters, and custom built-ins. The great room impresses with a stacked stone fireplace, built-in bookcases, and expansive natural light - perfect for entertaining or quiet evenings at home. Gourmet Chef's Kitchen Designed for both form and function, the kitchen features custom knotty pine cabinetry, granite countertops, double ovens, and premium stainless steel appliances - refrigerator included. A spacious center island offers generous prep space and storage, while the adjoining keeping room with a second stacked stone fireplace makes for cozy gatherings year-round. Private Main-Level Owner's Suite The owner's suite on the main level ensures ultimate convenience and privacy, with en-suite bath access and tranquil views of the property. Three additional bedrooms are located upstairs, including a fully renovated Pottery Barn-inspired guest suite with private bath, and a Jack-and-Jill bath shared by the other two. Bonus Spaces with Endless Potential Above the garage, a massive bonus room awaits - ideal as a home office, creative studio, playroom, man cave, or teen retreat. The open loft upstairs offers further flexibility as a secondary office or study nook. Terrace Level Ready for Your Vision The unfinished terrace level presents endless possibilities - design your own in-law suite, teen apartment, or nanny quarters. With room for a full kitchen, additional bathrooms, and multiple living areas, this space is a blank canvas awaiting your personal touch. Outdoor Living & Entertaining Step out onto the screened-in porch or unwind on the elegant stone patio. The irrigated lawn and thoughtfully maintained grounds ensure beauty and ease in every season. Ample Parking & Storage A three-car garage and spacious driveway provide plenty of room for vehicles and guests alike. Don't miss this opportunity to own a one-of-a-kind Southern masterpiece that perfectly balances charm, functionality, and luxurious living. Homes of this
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Location
Property Details
Parking
- Description: Attached, Garage Door Opener, Garage, Side/Rear Entrance
- Details: Garage
- Garage Spaces: 0
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Partial): 1
- # of Baths (Total): 0.0
Interior Features
- # of Rooms: 9
- # of Stories: 3
- Basement: Yes
- Basement Description: Full, Unfinished
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Masonry
- Roof Material: Composition
HOA
- Has HOA: Yes
- HOA Fee: $450/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 16041000160
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Bungalow/Cottage, Craftsman
- Year Built: 2006
Tax Information
- Annual Tax: $9,257
Utilities
- Water & Sewer: Public
- Heating: Central
- Cooling: Central Air
Location
- County: Cobb
Listing Details
Investment Summary
- Monthly Cash Flow
- -$2,394
- Cap Rate
- 3.4%
- Cash-on-Cash Return
- -11.9%
- Debt Coverage Ratio
- 0.55
- Internal Rate of Return (5 years)
- -7.5%
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:
| $1,050,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$840,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $210,000 |
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:
| $31,500 |
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:
| $241,500 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 4,679 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $224 |
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:
| $1.18 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $840,000 |
|---|---|
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:
| $5,379 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $772 |
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:
| $385 |
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:
| $6,536 |
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:
| $5,500 | $66,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$330 | -$3,960 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $5,170 | $62,040 |
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. | 14% | -$772 | -$9,258 |
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% | -$385 | -$4,620 |
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% | -$440 | -$5,280 |
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% | -$275 | -$3,300 |
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% | -$275 | -$3,300 |
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. | 1% | -$38 | -$456 |
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% | -$2,185 | -$26,214 |
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:
| $2,985 | $35,820 |
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. | -$5,379 | -$64,548 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $2,394 | $28,728 |