$1,375,000
Investment Summary
- Monthly Cash Flow
- -$5,121
- Cap Rate
- 1.8%
- Cash-on-Cash Return
- -19.4%
- Debt Coverage Ratio
- 0.29
- Internal Rate of Return (5 years)
- -14.8%
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
This magnificent Barker and Canady home was custom built in 2018 and enjoys panoramic views of one of the largest ponds in the Woodlands neighborhood of St. James Plantation. A charming aggregate stone driveway leads to this exquisite 3-bedroom, 3.5-bathroom residence, where stacked stone accents gracefully wrap around the entire foundation, front porch steps, and stately columns. The inviting stamped concrete rocking chair porch, framed by a beautifully stained wood lap ceiling, sets the tone for the comfort and craftsmanship found throughout this thoughtfully designed home. Handsome wooden double doors with rain glass panels provide both natural light and privacy, welcoming you into a sun-filled foyer adorned with gorgeous random-width engineered hardwood flooring that flows seamlessly throughout the main level. Elegant custom wainscoting and detailed door millwork add a refined touch, while pocket doors lead into the formal dining room, where the same rich flooring and trim work continue beneath a distinctive flat-panel coffered ceiling. A second set of pocket doors opens to the great room, where exposed beams are suspended from a raised ceiling, and sunlight pours in through atrium doors flanked by large sidelights and transom windows. Anchoring the space is a cozy gas fireplace with a tiled surround and wooden mantle, framed by custom built-in cabinetry and shelving, creating a warm and inviting centerpiece. Designed with entertainment in mind, this home's open-concept layout flows effortlessly from the great room into a remarkable kitchen crowned by a coffered ceiling. Pristine white cabinetry lines the space, accented by glass subway tile along the perimeter and topped with striking black leathered granite counters. A spacious center island, finished with a gleaming quartz countertop and counter-height bar seating, invites family and friends to gather. The cook of the home will appreciate the stainless-steel hood over a 5-burner gas range, double wall- mounted ovens, and wall-mounted microwave adjacent to the stainless-steel refrigerator, creating a convenient snack and prep area that naturally connects the kitchen to the surrounding living spaces. Just beyond, a nearby hallway offers thoughtful function with an impressive walk-in pantry tucked behind a sliding barn door, a stylish drop zone, a powder room, and easy access to the oversized 2 car garage. The kitchen's coffered ceiling extends gracefully over the casual breakfast nook, where telescopic sliding doors open to an inviting screened porch designed for year-round enjoyment. This light-filled space features a vaulted wood-lap ceiling, stamped concrete flooring, a cozy fireplace with a stacked stone surround, and panoramic views of the beautifully landscaped backyard and serene pond. Step outside to a stamped concrete patioperfect for soaking up the warm Carolina sunwhile a lower patio, partially enclosed by a charming, stacked stone sitting wall, offers an outdoor area with a Wilmington grill flanked by granite counters supported by stacked stone. The backyard offers ample room for a relaxing sitting area or a peaceful swing by the tranquil water's edge. The spacious owners' suite is a true retreat, showcasing a unique cathedral ceiling with wood lap siding in the vault and exposed beams that add warmth and architectural interest. Large windows offer peaceful views of the pond, enhancing the tranquil atmosphere. The luxurious en-suite bathroom is thoughtfully designed with two separate vanities one expanded to include a convenient make-up area along with a beautifully tiled walk-in shower featuring a height-adjustable handheld showerhead, built-in bench, and a niche for toiletries. A private water closet adds to the comfort, while direct access to a large, custom-organized walk-in closet ensures both function and elegance. This home offers thoughtful accommodations for guests and multi-generational living with two inviting guest bedroom options. On the main level, a cozy guest suite is perfect for aging parents, featuring a walk-in closet and a private bathroom with a tiled walk-in shower. Upstairs, there is a comfortable guest room with plush carpeting and access to a full bathroom. The second floor also includes a large family room with great views of the pond, vaulted ceiling, and a convenient snack/beverage station, making it ideal for extended stays, hobbies, or casual entertaining. The large second bonus room over the garage has two closets and can become a fourth bedroom for family or visitors. Just off the bonus rooms, a versatile landing area provides a great spot for reading, relaxing, or studying, blending comfort and flexibility for every stage of life. Storage is abundant throughout the home, including a spacious attic perfect for seasonal items and long-term organization. The oversized cantilevered garage features two overhead doors and offers plenty of room for a workshop or all your beach and outdoor gear, making it as functional as it is spacious. If you are searching for a quality-built home by one of St. James premier builders, you have found it!
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Location
Property Details
Parking
- Details: Concrete
- Garage Spaces: 2
- Spaces Total: 2
Bedroom Information
- # of Bedrooms: 4
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: Fiber cement siding (Hardi-board/Hardi-plank
- Roof Type: Hip
- Roof Material: Shingle
HOA
- Has HOA: Yes
- Association: St James Plantation
- HOA Fee: $1,200/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 219JA063
- Lot Size: 16901 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 2018
Tax Information
- Annual Tax: $3,914
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
- -$5,121
- Cap Rate
- 1.8%
- Cash-on-Cash Return
- -19.4%
- Debt Coverage Ratio
- 0.29
- Internal Rate of Return (5 years)
- -14.8%
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:
| $1,375,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,100,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $275,000 |
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:
| $41,250 |
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:
| $316,250 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,990 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $345 |
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:
| $0.90 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,100,000 |
|---|---|
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:
| $7,179 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $326 |
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:
| $252 |
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:
| $7,757 |
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:
| $3,600 | $43,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$216 | -$2,592 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,384 | $40,608 |
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. | 9% | -$326 | -$3,914 |
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% | -$252 | -$3,024 |
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% | -$288 | -$3,456 |
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% | -$180 | -$2,160 |
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% | -$180 | -$2,160 |
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. | 3% | -$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 | 37% | -$1,326 | -$15,914 |
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:
| $2,058 | $24,696 |
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. | -$7,179 | -$86,148 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $5,121 | $61,452 |