$1,500,000
Investment Summary
- Monthly Cash Flow
- -$4,217
- Cap Rate
- 2.9%
- Cash-on-Cash Return
- -14.7%
- Debt Coverage Ratio
- 0.46
- Internal Rate of Return (5 years)
- -10.2%
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 this spectacular 6 bed, 5.5 bath, 4-side BRICK HOME with 5 CAR GARAGE, professionally finished TERRACE level with FULL KITCHEN & a fenced backyard! The stunning wrap-around, rocking chair front porch provides terrific curb appeal. Enter through the custom double front doors into the grand 2-story foyer with Greek columns framing the entrances to each room. To your right is the family-sized dining room with picture frame & crown molding, intricate ceiling medallion, hardwood floor & butler's pantry. To your left is the elegant office with coffered ceiling, hardwood floor & 2 sets of FRENCH DOORS opening onto the wrap-around porch. The warm & inviting family room features a beautiful marble FIREPLACE, coffered ceiling, stain-grade custom cabinetry & stunning bowed wall of windows providing views of the private, beautifully landscaped backyard. This home boasts a gourmet kitchen designed for the culinary enthusiast, complete with custom cabinetry, a large eat-in island, granite countertops, stainless steel appliances, a high-end WOLF gas range with oven & VENTED HOOD (that vents to the OUTSIDE of the home) & a huge walk-in pantry with custom shelving! Relax in the cozy keeping room with a gorgeous stack stone fireplace, coffered ceiling, custom cabinetry & hardwood floor. The light, bright breakfast room leads out through sliding glass doors onto the RARE WALK-out backyard with 2 patios, inviting you to enjoy the expansive, level, POOL READY lot! This beautiful outside area features a patio space with fireplace, covered by a stunning pergola. A large, convenient guest bedroom with full, tiled bathroom & a pretty powder room complete the main level. Upstairs, the opulent main suite is a true retreat, with a double tray ceiling, large spacious sitting/reading room & its own fireplace. The luxurious en-suite bathroom features custom cabinetry, tiled STEAM SHOWER, tile floor, a whirlpool tub, vaulted ceiling & huge walk-in closet with custom cabinetry. Three secondary bedrooms & a bonus/media/office room also form part of this large upper level. One of the bedrooms features its own full en-suite bathroom, complete with custom cabinetry, tile floor & shower. The remaining two bedrooms share a Jack and Jill bathroom, with tile floor & shower & separate vanity areas for added convenience & privacy. The large fireside BONUS ROOM with bowed wall of windows could be used as a bedroom/media/play room, a uniquely convenient space! This floor also features a convenient laundry room with SINK. The beautifully designed finished terrace level is the perfect ENTERTAINING or IN-LAW SUITE! It features a fully equipped theater room with tray ceiling & French doors, a large game room, cozy living room with tiled FIREPLACE, tray ceiling & uplighting, a craft/exercise room & a bedroom & full, tiled bathroom. This spacious area also features a SECOND KITCHEN with custom cabinetry, granite countertops, gas range, microwave & dishwasher, offering convenience for hosting guests. The terrace level opens through elegant French doors to a private covered side patio. The 5 CAR GARAGE is a standout feature, with a detached 2-bay HEATED space to accommodate your vehicles & storage needs. Perfect for the car enthusiast! Throughout the home, you'll find thoughtful touches such as Low E windows for energy efficiency, wi-fi enabled alarm systems, updated HVAC systems, wi-fi enabled thermostat, R40 insulation for year-round comfort & so much more! List of upgrades & features & POOL DESIGNS available! This home has been meticulously maintained by the ORIGINAL OWNERS, who added every upgrade when building this magnificent home. Situated in Creekstone Estates, a sought-after community in top Forsyth County school district, it features a clubhouse, pool, tennis courts, fishing lake, playground, basketball court & much more. Minutes from The Collection, GA400, medical offices, TOP SCHOOLS, restaurants & shopping, this is the perfect place to call home!
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Location
Property Details
Parking
- Description: Attached, Detached, Garage, Garage Door Opener, Kitchen Level, Side/Rear Entrance
- Details: Attached, Detached, Garage, Garage Door Opener, Kitchen Level
- Garage Spaces: 5
- Spaces Total: 5
Bedroom Information
- # of Bedrooms: 6
Bathroom Information
- # of Baths (Full): 5
- # of Baths (Partial): 1
- # of Baths (Total): 0.0
Interior Features
- # of Stories: 2
- Basement: Yes
- Basement Description: Daylight, Exterior Entry, Finished, Full, Interior Entry
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Brick
- Roof Material: Composition
HOA
- Has HOA: Yes
- HOA Fee: $1,700/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 109280
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Brick 4 Side, Traditional
- Year Built: 2004
Tax Information
- Annual Tax: $2,123
Utilities
- Water & Sewer: Public
- Heating: Central, Forced Air, Natural Gas, Zoned
- Cooling: Ceiling Fan(s), Central Air, Electric, Zoned
Location
- County: Forsyth
Listing Details
Investment Summary
- Monthly Cash Flow
- -$4,217
- Cap Rate
- 2.9%
- Cash-on-Cash Return
- -14.7%
- Debt Coverage Ratio
- 0.46
- Internal Rate of Return (5 years)
- -10.2%
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:
| $1,500,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,200,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $300,000 |
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:
| $45,000 |
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:
| $345,000 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 7,609 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $197 |
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:
| $0.75 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,200,000 |
|---|---|
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:
| 6.810% |
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:
| $7,831 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $177 |
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:
| $8,407 |
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. | 3% | -$177 | -$2,123 |
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. | 2% | -$142 | -$1,704 |
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 | 31% | -$1,744 | -$20,927 |
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:
| $3,614 | $43,368 |
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. | -$7,831 | -$93,972 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $4,217 | $50,604 |