$1,475,000
Investment Summary
- Monthly Cash Flow
- -$3,920
- Cap Rate
- 3.0%
- Cash-on-Cash Return
- -13.9%
- Debt Coverage Ratio
- 0.48
- Internal Rate of Return (5 years)
- -9.4%
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 to 25 Fireside Ct, an executive stunning residence nestled in rolling hills of historic Cartersville, Georgia. This prayerfully considered and meticulously designed home boasts 4 bedrooms and 4 Full and 2 half bathrooms offering an abundance of space for both comfortable and luxuriously living. As you step inside, you'll be greeted by the amazing 18' elegant foyer and inviting open floor plan, formal dining, and library/study. The entire main level is illuminated by oversized windows that fill the home with incredible natural light. The commercial grade gourmet kitchen is a chef's dream, featuring elite modern finishes, granite countertops, Italian marble flooring, 5 burner gas cooktops with grill attachment, pot filler, wine cooler, beverage cooler, coffee closet, appliance lift, walk-in pantry, and mixer closet. The Pennsylvania Amish kitchen light fixtures are breath-taking with top-grade stainless-steel appliances, and hand sinks. Whether you're entertaining guests in the breakfast area, spacious living room, inviting Lanai or just enjoying a cozy evening by the fireplace, the high ceilings and custom built-ins create a warm and welcoming atmosphere. Retreat to the beyond luxurious double trey-ceiling master suite, complete with an enormous and organized walk-in closet, beautifully designed master bath, spacious double vanities, two-person whirlpool tub, double-sided stone fireplace, two-person tiled shower, bidet water closet, and a second half-bath/powder room. Each of the other bedrooms have generous space and comfort. The street-view secondary bedroom (ensuite) offers a 2nd private tiled bath. The backyard view secondary bedroom has the square footage of a 2nd master with French-door out to the Lanai. Walk out to the Lanai through four French-doors from Master Suite, Living, or 2nd Master. The Lanai is beyond captivating with floor to cathedral ceiling stacked stone fireplace, full length Lanai windows viewing backyard which can be opened into hidden pocket doors, automated ceiling to floor screens, and views which are unmatched. The spiral wood staircase found in the living-room is amazing with an added elevator nearby if stairs are not your preference. The three-bay garage is 25X40 and can easily store up to six automobiles, equipped with two large ceiling fans, chandelier, double stainless-steel sink, and 240V Electric Vehicle Charging Station. The partially finished basement provides endless possibilities for recreation; currently equipped with a massive art studio and full bath. The Basement also includes woodworking shop, lawn equipment storage, safe room, and ample areas for home/office expansion. Step outside to discover your private backyard oasis, which is perfect for outdoor entertainment with a massive, covered patio overlooking the beautifully landscaped yard. The large lot offers breathtaking views and plenty of room for activities, all nestled on a quiet tree-lined street. This smart home is equipped with modern conveniences, including central-zoned AC, security system, whole house Generac generator, irrigation, environmentally controlled garage with insulated doors, laundry cabinets, Bosch dual HVACs, hypo-allergenic HVAC filtration, Tankless Water Heater with electric water heater backup, and more. Luxury and practicality are in every corner of this home. Located in a safe and friendly neighborhood, you'll enjoy convenient access to shopping, cultural attractions, and parks and recreation. The geographic location, strong Cartersville job market, and top-rated school district make this the perfect place to call home. Don't miss the opportunity to make 25 Fireside Ct your own-this move-in-ready treasure is waiting for you!
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Location
Property Details
Parking
- Description: Garage Door Opener, Electric Vehicle Charging Station(s), Garage, Kitchen Level, Garage Faces Side
- Details: Garage Door Opener, Garage, Kitchen Level, Storage
- Garage Spaces: 0
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Partial): 2
- # of Baths (Total): 0.0
Interior Features
- # of Stories: 2
- Basement: Yes
- Basement Description: Daylight, Interior Entry, Exterior Entry, Finished, Partial
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Brick Veneer
- Foundation: Pillar/Post/Pier, Slab
- Roof Type: Gable
- Roof Material: Tar/Gravel
HOA
- Has HOA: Yes
- HOA Fee: $300/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 0047C0001026
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Craftsman
- Year Built: 2017
Tax Information
- Annual Tax: $3,266
Utilities
- Water & Sewer: Public
- Heating: Heat Pump, Central, Electric, Forced Air, Zoned
- Cooling: Ceiling Fan(s), Central Air, Electric, Heat Pump
Location
- County: Bartow
Listing Details
Investment Summary
- Monthly Cash Flow
- -$3,920
- Cap Rate
- 3.0%
- Cash-on-Cash Return
- -13.9%
- Debt Coverage Ratio
- 0.48
- Internal Rate of Return (5 years)
- -9.4%
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:
| $1,475,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,180,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $295,000 |
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:
| $44,250 |
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:
| $339,250 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 6,954 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $212 |
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:
| $0.82 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,180,000 |
|---|---|
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:
| $7,556 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $272 |
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:
| $399 |
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:
| $8,227 |
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:
| $5,700 | $68,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$342 | -$4,104 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $5,358 | $64,296 |
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% | -$272 | -$3,266 |
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% | -$399 | -$4,788 |
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% | -$456 | -$5,472 |
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% | -$285 | -$3,420 |
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% | -$285 | -$3,420 |
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. | 0% | -$25 | -$300 |
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 | 30% | -$1,722 | -$20,666 |
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:
| $3,636 | $43,632 |
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. | -$7,556 | -$90,672 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $3,920 | $47,040 |