$599,750
Investment Summary
- Monthly Cash Flow
- $272
- Cap Rate
- 6.7%
- Cash-on-Cash Return
- 2.4%
- Debt Coverage Ratio
- 1.09
- Internal Rate of Return (5 years)
- 6.3%
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 Luxury Villa Home in the Harbour Point Yacht Club is located on the shores of Lake Lanier and about 1 hour north of Atlanta. Enjoy stunning views of Lake Lanier and the Blue Ridge Mountains throughout the neighborhood vistas. You will be welcomed home to the exceptionally maintained and resort style entrance that is securely gated and attended. Once you arrive you will exhale when entering the impressive two story foyer. You will quickly notice this home is immaculate and has stunning designer details throughout. The beautiful hardwood floors will guide you through to the open concept Family room with a beautiful stone fireplace and custom built ins. The large screened in porch allows you to enjoy the outdoors comfortably and in privacy with removable shades on each end. The stylish kitchen features stone counters, breakfast bar, and nook and coffee or appliance station. You will love the stone feature surrounding the range with high output vent system, ambient lighting, and custom seasoning cabinets. Plenty of space in the walk-in pantry with custom shelves. The dining area and great room provide additional space to entertain. Finishing off the main level is the gorgeous ownera^??s suite with tray ceiling, entry to screen porch, black out shades, and ensuite bath with perfectly appointed lighting. Two large walk in closets and a linen closet add to the ample storage throughout the entire home. Heading upstairs you will find three additional guest suites and two baths. One bedroom and bath can easily be changed into a private guest wing or used as an office or media room. The other two guest suites share a jack and jill bath. You will appreciate the large storage room with an entry to the large unfinished attic storage. Walk downstairs to the finished daylight terrace level where you will be thrilled to discover a kitchen, office, great room/game room with wood beams. Lighting from the abundant windows and doors that lead you out on the large back paver patio are wonderful. The terrace also has a full bath with antique furniture style cabinetry, workshop, work out room, and additional storage. From the patio you can easily walk around to the front yard on the golf cart path. Along the way smile at the fact that you enjoy maintenance free lawn, shrub, and pine straw care and that provides you more time to enjoy all the Amenities and Lake. Enjoy a short walk or Golf Cart ride to the Clubhouse, Infinity Pool, Gym, Grill, Rocking Pavilion, Tennis/Pickleball Courts, Basketball, and Marina. A covered Boat Slip is optional on the South Shore on H Dock at Slip H2 for $45,000. H dock is well protected from waves and boat traffic. The private slips include lighting, electric, water, and storage lockers. The a^??Harboura^?? Master provides a worry-free free lifestyle of living on the lake by maintaining and moving the docks as needed. All you have to do is pack your bag, sunscreen, and cooler. You are just a short boat ride to marina gas and restaurants. Enjoy trophy fishing right from the dock, stroll the walking trail, scheduled events and updates, and so much more. Convenient to shopping, healthcare, and restaurants. The HOA fees includes the boat slip maintenance.
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Location
Property Details
Parking
- Description: Attached, Garage, Garage Faces Front, Level Driveway
- Details: Attached, Garage
- Garage Spaces: 0
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Total): 0.0
Interior Features
- # of Rooms: 8
- # of Stories: 2
- Basement Description: Daylight, Full
Exterior Features
- Exterior Walls Materials: Siding (not specified)
- Roof Type: Hip
- Roof Material: Composition, Metal
HOA
- Has HOA: Yes
- HOA Fee: $4,436/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 10037000116
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Traditional
- Year Built: 2005
Tax Information
- Annual Tax: $1,799
Utilities
- Water & Sewer: Private
- Heating: Natural Gas, Central, Forced Air
- Cooling: Electric, Ceiling Fan(s), Central Air, Other, Zoned, Dual
Location
- County: Hall
Listing Details
Investment Summary
- Monthly Cash Flow
- $272
- Cap Rate
- 6.7%
- Cash-on-Cash Return
- 2.4%
- Debt Coverage Ratio
- 1.09
- Internal Rate of Return (5 years)
- 6.3%
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:
| $599,750 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$479,800 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $119,950 |
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:
| $17,993 |
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:
| $137,943 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 5,261 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $114 |
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:
| $1.06 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $479,800 |
|---|---|
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:
| $3,072 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $150 |
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:
| $392 |
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:
| $3,614 |
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:
| $5,600 | $67,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$336 | -$4,032 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $5,264 | $63,168 |
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% | -$150 | -$1,800 |
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% | -$392 | -$4,704 |
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% | -$448 | -$5,376 |
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% | -$280 | -$3,360 |
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% | -$280 | -$3,360 |
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. | 7% | -$370 | -$4,440 |
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 | 34% | -$1,920 | -$23,040 |
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:
| $3,344 | $40,128 |
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. | -$3,072 | -$36,864 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $272 | $3,264 |