$344,900
Investment Summary
- Monthly Cash Flow
- -$599
- Cap Rate
- 4.1%
- Cash-on-Cash Return
- -9.1%
- Debt Coverage Ratio
- 0.66
- Internal Rate of Return (5 years)
- -4.8%
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
Welcome to this beautifully renovated townhome! You don’t want to miss this RARE GEM! This spacious 3-level, 3-bedroom, 2.5 bath townhome, one of the largest floor plans in the highly desirable Little Suwanee Pointe community, features an additional loft and a generous bonus room. THE SELLER WILL CONTRIBUTE UP TO $ 3,102 towards Annual HOA monthly dues OR CLOSING COSTS, which can help with a permanent rate buy-down if desired. Additionally, if you use the seller's preferred lender, the lender will contribute an additional $ 1,500 towards closing cost assistance. This perfectly appointed home is IDEAL for those who value upgrades and modernization. From the moment you step into the entrance foyer on the main level, you'll notice the luxury vinyl flooring and upgraded recessed lighting and fixtures throughout. You'll feel the beautiful natural sunlight peeking into this home, instantly adding warmth and elegance. The main level features a cozy family room that opens to the kitchen, which boasts granite countertops, matching appliances, a large pantry closet, and a convenient breakfast bar that seamlessly transitions into the dining area, located just steps away from the upgraded half bathroom. Step outside to your private deck, just steps from the kitchen, ideal for relaxation, grilling, and outdoor entertaining. Upstairs, you'll find a spacious master suite featuring vaulted ceilings, a generous closet, and a spa-like, luxuriously upgraded en-suite bathroom complete with a separate frameless glass shower with swinging doors, a double vanity, and a relaxing soaking tub, providing a retreat at the end of the day. Two additional well-sized bedrooms offer ample space for family or guests, steps away from another upgraded full bathroom and a loft space where you can set up a desk or a cozy home office. The finished basement offers versatile bonus space, perfect for a home office, gym, playroom, or even a bedroom, if desired. You SIMPLY MUST SEE IN PERSON. It also provides access to the two-car attached garage for added convenience, along with two additional driveway parking spaces right outside the garage doors for guests. Home has 2 FAIRLY NEW HVACS, NEW ROOF (2025), and 3 NEW THERMOSTATS. HOA COVERS EXTERIOR MAINTENANCE, TERMITE, & LAWN CARE, & THERE ARE NO RENT RESTRICTIONS, making this home ideal for both personal use and/or investment income. Take advantage of the community pool just steps from your front door, and guest parking is available right near your front of your door, which is a rarity in some neighborhoods. LOCATION, LOCATION, LOCATION, you'll appreciate being just minutes from the Supermarket, Mall of Georgia, downtown Lawrenceville, and downtown Suwanee. You'll also be close to Top Golf, a variety of restaurants, Sprouts, shopping, and other fast food/dining options, Gwinnett Braves Stadium, Andretti's, and the new amenities at The Exchange. Plus, with easy access to major highways like I-85, I-985, and Hwy 20, your commute will be a breeze. This is a well-maintained, upgraded, and move-in-ready home that's ready for its next owner to enjoy. Don't miss your chance to own this beautiful townhome in a prime location! Contact us today for a private showing!
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Location
Property Details
Parking
- Description: Attached, Garage Door Opener, Garage
- Details: Attached, Driveway, Garage, Garage Door Opener
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Partial): 1
- # of Baths (Total): 3.0
Interior Features
- # of Rooms: 6
- # of Stories: 3
- Basement: Yes
- Basement Description: Finished, Full
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Wood Siding
- Foundation: None
- Roof Type: Gable or Hip
- Roof Material: Composition, Shingle
HOA
- Has HOA: Yes
- HOA Fee: $260/monthly
Land Information
- Land Use: Residential
- Land Use Subtype: Townhouse
Lot Information
- Parcel ID: R7131814
- Lot Size: 0 sqft
Property Information
- Property Type: Townhouse
- Style: Traditional
- Year Built: 2008
Tax Information
- Annual Tax: $1,077
Utilities
- Water & Sewer: Public
- Heating: Central, Electric, Heat Pump
- Cooling: Ceiling Fan(s), Central Air, Heat Pump, Multi Units
Location
- County: Gwinnett
Listing Details
Investment Summary
- Monthly Cash Flow
- -$599
- Cap Rate
- 4.1%
- Cash-on-Cash Return
- -9.1%
- Debt Coverage Ratio
- 0.66
- Internal Rate of Return (5 years)
- -4.8%
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:
| $344,900 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$275,920 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $68,980 |
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:
| $10,347 |
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:
| $79,327 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 0 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| n/a |
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:
| n/a |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $275,920 |
|---|---|
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:
| $1,767 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $90 |
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:
| $154 |
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:
| $2,011 |
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:
| $2,200 | $26,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$132 | -$1,584 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,068 | $24,816 |
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% | -$90 | -$1,077 |
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% | -$154 | -$1,848 |
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% | -$176 | -$2,112 |
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% | -$110 | -$1,320 |
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% | -$110 | -$1,320 |
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. | 12% | -$260 | -$3,120 |
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 | 41% | -$900 | -$10,797 |
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:
| $1,168 | $14,016 |
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. | -$1,767 | -$21,204 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$599 | -$7,188 |