$1,025,000
Investment Summary
- Monthly Cash Flow
- -$2,178
- Cap Rate
- 3.1%
- Cash-on-Cash Return
- -11.1%
- Debt Coverage Ratio
- 0.55
- Internal Rate of Return (5 years)
- -6.7%
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
This beautiful coastal brick home is located on a quiet cul-de-sac in the popular Woodlands neighborhood of St. James Plantation. A paved driveway leads to a spacious two-car garage with ample guest parking, while a beautifully landscaped walkway guides you to the tiled front porch. Here, an attractive front door with beveled glass windows opens to a warm and welcoming foyer, accented by a stained beadboard ceiling and new in 2024 durable LVP flooring that flows seamlessly throughout the main living areas. Offering 3,260 square feet of comfortable living space, this home features an open floor plan with three bedrooms and three-and-a-half bathrooms. The foyer opens to an elegant great room where a dual-sided gas fireplace, framed by an intricate wood mantle and surrounded by custom built-in cabinetry and shelving, serves as a stunning focal point. A coffered ceiling and detailed crown molding add to the room's timeless charm, while natural light pours in from the adjacent sunroom, creating an inviting and comfortable space. The expansive sunroom, accented with skylights, offers gorgeous views of the wooded backyard, where a large Trex deck provides the perfect setting for grilling, entertaining, or simply enjoying the mild Carolina weather. The well-designed kitchen is thoughtfully equipped with a ceramic cooktop, wall-mounted double ovens, raised panel soft close cabinetry, pull out shelves in cabinets, classic subway tile, and granite countertops that wrap around this space, offering exceptional functionality. A peninsula with raised bar seating provides the perfect place for casual dining, while a cozy breakfast nook with a tray ceiling offers peaceful views of the backyard. For larger gatherings, the formal dining room sets the stage for memorable meals, featuring a coffered ceiling, detailed crown and baseboard molding, and a contemporary chandelier. Intricate design details continue into the home office, where French doors open to a handsome retreat complete with a coffered and beadboard ceiling, stained crown and baseboard molding, and views of the beautifully landscaped front yard. The primary retreat is a true sanctuary designed for comfort and relaxation. This spacious room features a tray ceiling, an arched accent wall that adds subtle architectural interest, private access to the sunroom, and the cozy glow of a fireplace for those quiet evenings at home. The spa-like en-suite bathroom offers a soaking tub, fully tiled zero-entry walk-in shower, complete with both handheld and rain shower heads and the heated towel rack adds a luxurious touch. The suite is completed by ample storage, including his and her custom-organized walk-in closets. Family and friends will feel right at home with their choice of comfortable guest bedrooms. On the main floor, a welcoming guest bedroom offers a spacious closet and a private bathroom with a tub/shower combination perfect for overnight visitors. Upstairs, the versatile bonus area provides another private guest suite, complete with its own full bathroom featuring a large walk-in shower and a generous walk-in closet, creating a comfortable and secluded space for extended stays or multi-generational living. The main floor is completed by a spacious and functional laundry room, thoughtfully designed with a convenient drop zone, utility sink, and abundant storage. This hardworking space also provides direct access from the garage, which features its own heated/cooled storage area, a great space for a dedicated workshop for hobbies, home projects, or storage needs. A stylish powder room is also conveniently located on the main level. Additional upgrades include a new whole house water filtration system, plantation shutters on the rear of the home, 36-inch-wide interior doorways, Every detail has been considered to blend comfort, practicality, and everyday ease into this thoughtfully designed home. If you are searching for a home in the premier Woodlands neighborhood of St. James, you have found it!
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Location
Property Details
Parking
- Description: On Site, Paved
- Details: Secured, Concrete, Lighted, Off Street, On Site
- Garage Spaces: 2
- Spaces Total: 2
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Partial): 1
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 9
- # of Stories: 2
- Basement Description: None
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Brick Veneer
- Foundation: Slab
- Roof Type: Hip
- Roof Material: Shingle
HOA
- Has HOA: Yes
- Association: St James Plantation POA
- HOA Fee: $1,200/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 219OB011
- Lot Size: 17642 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 2013
Tax Information
- Annual Tax: $3,158
Utilities
- Water & Sewer: Public
- Heating: Propane, Electric, Heat Pump
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Brunswick
Listing Details
Investment Summary
- Monthly Cash Flow
- -$2,178
- Cap Rate
- 3.1%
- Cash-on-Cash Return
- -11.1%
- Debt Coverage Ratio
- 0.55
- Internal Rate of Return (5 years)
- -6.7%
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:
| $1,025,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$820,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $205,000 |
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:
| $30,750 |
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:
| $235,750 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,260 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $314 |
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:
| $1.35 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $820,000 |
|---|---|
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:
| 5.875% |
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:
| $4,851 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $263 |
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:
| $308 |
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:
| $5,422 |
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:
| $4,400 | $52,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$264 | -$3,168 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,136 | $49,632 |
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. | 6% | -$263 | -$3,159 |
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% | -$308 | -$3,696 |
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% | -$352 | -$4,224 |
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% | -$220 | -$2,640 |
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% | -$220 | -$2,640 |
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% | -$100 | -$1,200 |
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 | 33% | -$1,463 | -$17,559 |
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:
| $2,673 | $32,076 |
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. | -$4,851 | -$58,212 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $2,178 | $26,136 |