$2,450,000
Investment Summary
- Monthly Cash Flow
- -$8,324
- Cap Rate
- 2.2%
- Cash-on-Cash Return
- -17.7%
- Debt Coverage Ratio
- 0.35
- Internal Rate of Return (5 years)
- -13.1%
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
Every inch of this home, sitting on 2.6 acres bordering Corps of Engineer property, was masterfully designed by the original owner for beauty, functionality and limitless options for relaxation or gathering of family and friends. Main level garage has 4 stalls including a 15 ft high bay deep and tall enough for your boat / recreational vehicle. The elevator provides a convenient way to access each floor with ease. The kitchen is truly stunning, perfectly designed for both lavish dinner parties and cozy family nights at home. Featuring a mix of soapstone and granite countertops, two ovens, two microwave/convection ovens, two warming drawers, custom cabinetry, a 6-burner Thermidor cook top, a copper pot filler, under-cabinet and glass cabinet lighting, two dishwashers, two refrigerators (including a built-in Sub Zero refrigerator/freezer), a butler's pantry with an additional dishwasher and sink, and a custom pantry with pull-out storage and yet another sinkCothis space ensures that all your culinary needs are effortlessly met. The incredibly spacious Breakfast area and fireside keeping room enhance this space beautifully. The Owner's Suite on the main level boasts private access to the exterior patio and pool, a cozy fireplace, and a triple tray ceiling. The owner's bathroom is both luxurious and beautifully designed, featuring two custom-built closets, a jetted tub, elegant tile, and granite finishes. Attached to the owners suite is the media room which could also be a private office space. The second bedroom on the main level also with a fireplace and en suite bath, offers the perfect potential as an additional primary bedroom. Upstairs you will find the second laundry and the VERY spacious 5 secondary bedrooms. 3 with En suites, 2 with attached private work / play space, all with extra storage and very spacious walk in closets with custom shelving systems!! One has private entrance from the kitchen level garage. The terrace level serves as a complete living space with its own driveway access and a two-car garage. The full kitchen features a large island with seating for four, two built-in microwaves, a sink, dishwasher, abundant cabinetry, and a gas stove hook up. This level also includes a laundry room, spacious rec rooms, a bedroom with a fireplace and private access to the rear patio and pool, a soundproof music room, and plenty of additional storage. The private exterior caters to both relaxation and entertainment. Two large exterior upper and lower patios both have Ceiling fans, recessed lighting and fireplaces, The regulation size court with the adjustable net and high end Sport Court surface is suited for Basketball, pickle ball, badminton or tennis. 45000 gallon heated Gunite pool with tanning ledge and hot tub. Close to Allatoona Creek Park with miles of hiking and bike trails, Pitner Rd Dog Park, Downtown Acworth and top Cobb County Schools
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Location
Property Details
Parking
- Description: Attached, Garage, Garage Door Opener, Kitchen Level, Side/Rear Entrance
- Details: Attached, Garage, Garage Door Opener, Kitchen Level
- Garage Spaces: 0
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 7
Bathroom Information
- # of Baths (Full): 6
- # of Baths (Partial): 1
- # of Baths (Total): 0.0
Interior Features
- # of Rooms: 11
- # of Stories: 3
- Basement: Yes
- Basement Description: Exterior Entry, Finished, Full
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Brick
- Roof Material: Composition
- Pool: Yes
HOA
- Has HOA: Yes
- HOA Fee: $250/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 20011800200
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Brick 4 Side, Traditional
- Year Built: 2003
Tax Information
- Annual Tax: $5,763
Utilities
- Water & Sewer: Public
- Heating: Forced Air, Natural Gas, Zoned
- Cooling: Ceiling Fan(s), Central Air, Gas, Zoned
Location
- County: Cobb
Listing Details
Investment Summary
- Monthly Cash Flow
- -$8,324
- Cap Rate
- 2.2%
- Cash-on-Cash Return
- -17.7%
- Debt Coverage Ratio
- 0.35
- Internal Rate of Return (5 years)
- -13.1%
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:
| $2,450,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,960,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $490,000 |
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:
| $73,500 |
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:
| $563,500 |
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:
| $1,960,000 |
|---|---|
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:
| $12,791 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $480 |
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:
| $504 |
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:
| $13,775 |
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:
| $7,200 | $86,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$432 | -$5,184 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $6,768 | $81,216 |
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. | 7% | -$480 | -$5,763 |
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% | -$504 | -$6,048 |
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% | -$576 | -$6,912 |
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% | -$360 | -$4,320 |
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% | -$360 | -$4,320 |
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. | 0% | -$21 | -$252 |
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 | 32% | -$2,301 | -$27,615 |
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:
| $4,467 | $53,604 |
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. | -$12,791 | -$153,492 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $8,324 | $99,888 |