$3,590,000
Investment Summary
- Monthly Cash Flow
- -$14,840
- Cap Rate
- 1.2%
- Cash-on-Cash Return
- -21.6%
- Debt Coverage Ratio
- 0.19
- Internal Rate of Return (5 years)
- -16.8%
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
Listed BELOW appraised value! Welcome to tranquility within this 2+ acre, private & gated waterfront lake retreat! Enjoy year-round deep water on your 32x32 double slip dock & over 430' of shoreline - situated next to large Army Corps-owned land parcel for ultimate privacy! NO HOA. Enjoy stunning 180-degree lake views from virtually every room and outdoor space of this property. Custom-built by Freddie Pethel and featuring luxury finishes, exceptional construction, artisan craftsmanship, towering windows, vaulted and beamed ceilings reaching 26 feet high, and an open concept design that evokes both warmth and sophistication. Enjoy plentiful outdoor spaces including expansive, multi-level decking, screened gazebo, outdoor kitchen and fireside/lakeside pavilion and plenty of room for a pool! Used the paved golf cart path or stone steps down to the lakeside pavillion for easy access. Owner's suite conveniently located on main level. Your guests will love the detached guest quarters complete with 2 beds and 2 baths, a full kitchen, living room & its own private balcony and views! The 32x32 covered dock with 2 slips (currently configured with 1 boat and 2 WaveRunner slips) is outfitted with extra-thick steel for wave protection, adjustable placement and a boat lift. One of the things that sets this magnificent property apart is the privacy provided by the plentiful acreage of adjacent untouched land owned by the Army Corp of Engineers. Designed with Colorado-inspired architecture, this spacious retreat blends natural elegance with modern technology, creating a seamless indoor-outdoor living experience. Let the Smart Home system work for you - set the lights, security sensors & cameras, private front gate entry, thermostats, and music throughout the home. Once inside, you are welcomed by beautiful Brazilian Cherry hardwood floors, and then immediately taken to the unobstructed lake views off the great room which hosts a professional masonry fireplace built by a local artisan; each stone hand-selected from 5 different U.S. States. Just off the entrance, you will find the owner's suite. The kitchen boasts custom cabinetry by William Ohs, gas cooktop, custom countertops, top-of-the-line appliances, and a large walk-in pantry. The mudroom and laundry room are located conveniently on the main level. Overlooking the great room is an upstairs loft that is currently an office, but could easily be utilized as a playroom or sleeping loft. Off the dining area is a rotunda keeping room with floor-to-ceiling windows and breathtaking views. Heading downstairs, either by the custom wood staircase or elevator, which services all levels of the home, you'll find a luxury terrace level retreat with soaring, 22' ceilings, floor-to-ceiling windows and even more lake views! This expansive space is perfect for entertaining and relaxation, offering a wine room, a full bar, and a billiard room for endless enjoyment. The elevator provides seamless access, while a flex room allows for versatile use-currently used for a sauna but could be used as a media room/theater or bunk room. Enjoy 365 lake views in the rotunda-shaped home gym and then relax in the steam shower! From all areas of the home, you can walk outside to enjoy the beauty of the lake. Walking out the terrace level is an expansive covered stone patio with easy access to the paved path down to the covered lakeside pavilion with fireplace right off the dock. This amazing property also features a waterfall, red cedar decking on three sides, ample parking - including space for boat or RV - and a workshop in the garage. Conveniently located to local favorite spots on the lake, including Gainesville and Port Royal Marinas, Pelican Pete's Bar and Grill, and Skogies restaurant. Close to downtown Gainesville, Chattahoochee Country Club, award-winning Northeast Georgia Medical Center, and Longstreet Clinic, and easy access to GA 400 & 1-985. We have a great pool design ready to be implemented.
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Location
Property Details
Parking
- Description: Garage Door Opener, Garage, Kitchen Level, Guest, Side/Rear Entrance
- Details: Carport, Detached, Driveway, Garage, Garage Faces Side, Kitchen Level, RV Access/Parking
- Garage Spaces: 4
- Spaces Total: 2
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 5
- # of Baths (Partial): 2
- # of Baths (Total): 6.0
Interior Features
- # of Rooms: 10
- # of Stories: 2
- Basement: Yes
- Basement Description: Daylight, Finished, Full, Walk-Out Access
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Rock, Stone
- Foundation: Concrete Perimeter
- Roof Type: Hip
- Roof Material: Metal
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 10092000061
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Traditional
- Year Built: 2004
Tax Information
- Annual Tax: $5,421
Utilities
- Water & Sewer: Public
- Heating: Central, Forced Air, Propane, Zoned
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Hall
Listing Details
Investment Summary
- Monthly Cash Flow
- -$14,840
- Cap Rate
- 1.2%
- Cash-on-Cash Return
- -21.6%
- Debt Coverage Ratio
- 0.19
- Internal Rate of Return (5 years)
- -16.8%
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:
| $3,590,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$2,872,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $718,000 |
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:
| $107,700 |
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:
| $825,700 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 7,438 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $483 |
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:
| $0.78 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $2,872,000 |
|---|---|
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:
| 6.625% |
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:
| $18,390 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $452 |
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:
| $406 |
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:
| $19,248 |
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:
| $5,800 | $69,600 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$348 | -$4,176 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $5,452 | $65,424 |
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. | 8% | -$452 | -$5,421 |
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% | -$406 | -$4,872 |
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% | -$464 | -$5,568 |
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% | -$290 | -$3,480 |
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% | -$290 | -$3,480 |
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. | n/a | n/a | n/a |
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% | -$1,902 | -$22,821 |
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:
| $3,550 | $42,600 |
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. | -$18,390 | -$220,680 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $14,840 | $178,080 |