$995,000
Investment Summary
- Monthly Cash Flow
- -$3,129
- Cap Rate
- 2.4%
- Cash-on-Cash Return
- -16.4%
- Debt Coverage Ratio
- 0.39
- Internal Rate of Return (5 years)
- -11.9%
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
Exclusive Opportunity in Sibley Forest – Priced Below $1M! This is a rare chance to own a home in one of East Cobb's most sought-after neighborhoods. This home backs directly onto over 6,000 acres of the Chattahoochee National Forest, offering unmatched access to walking trails, mountain biking, and nature, just steps from your backyard. This beautifully maintained hard coat stucco home blends timeless elegance with modern comfort. Recent updates include complete re-plumbing with PEX, newly replaced (2)HVAC units, and a new driveway installed in 2021, providing peace of mind and long-term value. Upon entering, the home welcomes you with classic details, such as crown molding, hardwood floors throughout, and spacious, well-thought-out living areas. The welcoming family room with stone gas-log fireplace, and french doors opening to a sun-filled Sunroom, offers the perfect place to unwind.The room filled with natural light, while beautiful views of the private backyard create a peaceful atmosphere. The expansive deck offers an ideal space for entertaining or relaxing in tranquility, beautifully enhanced by soft moonlighting that creates a warm and inviting evening ambiance. The Kitchen featuring appliances with stainless steel finishes, a large island, granite countertops, breakfast bar area, and generous pantry space. The bright breakfast nook provides a perfect spot to enjoy your morning coffee while overlooking the backyard. Upstairs, you'll discover hardwood floors throughout the hallway, with carpeting in the bedrooms for added comfort and warmth. The Primary Suite is a true sanctuary, featuring soaring vaulted ceilings and a generously sized bedroom filled with natural light. French doors open to a private outdoor space, perfect for enjoying a quiet morning or evening breeze. Step into the luxurious en-suite bath, where timeless marble floors and a sleek marble shower create a spa-like experience. A double vanity, elegant finishes, and thoughtful design surround you in refined comfort and style. There are two additional bedrooms, one of which could serve as a flexible space, bonus room, or playroom with convenient access to rear stairs, offering versatility for various needs. The finished Lower Level is a true extension of the home, featuring a full bedroom and bathroom, luxury vinyl plank flooring, and a generous entertaining area ideal for hosting or relaxing. Indulge in the ultimate comfort with your own private sauna and jacuzzi—designed for unwinding in style. Step outside to a covered stone patio and a serene backyard oasis, perfect for year-round enjoyment and outdoor gatherings. Sibley Forest offers an incredible lifestyle with a vibrant swim, tennis, and pickleball community, year-round social gatherings, and a warm, welcoming atmosphere. You’re just a short, safe walk from Sope Creek Elementary and the stunning National Forest trails. This is your chance to live in one of the best communities in East Cobb at an unbeatable price. Conveniently located near I-75/285/400, The Battery, Truist Park, shopping, dining, and more! Schedule your showing today!
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Location
Property Details
Parking
- Description: Attached, Garage, Garage Door Opener, Kitchen Level
- Details: Attached, Driveway, Garage, Garage Door Opener, Kitchen Level
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 10
- # of Stories: 2
- Basement: Yes
- Basement Description: Exterior Entry, Finished
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Concrete Perimeter
- Roof Material: Composition
HOA
- Has HOA: Yes
- HOA Fee: $1,350/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 17104900600
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: European
- Year Built: 1986
Tax Information
- Annual Tax: $8,970
Utilities
- Water & Sewer: Public
- Heating: Forced Air, Natural Gas
- Cooling: Attic Fan, Central Air, Zoned
Location
- County: Cobb
Listing Details
Investment Summary
- Monthly Cash Flow
- -$3,129
- Cap Rate
- 2.4%
- Cash-on-Cash Return
- -16.4%
- Debt Coverage Ratio
- 0.39
- Internal Rate of Return (5 years)
- -11.9%
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:
| $995,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$796,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $199,000 |
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:
| $29,850 |
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:
| $228,850 |
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:
| $796,000 |
|---|---|
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:
| $5,097 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $748 |
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:
| $287 |
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:
| $6,132 |
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:
| $4,100 | $49,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$246 | -$2,952 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,854 | $46,248 |
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. | 18% | -$748 | -$8,970 |
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% | -$287 | -$3,444 |
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% | -$328 | -$3,936 |
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% | -$205 | -$2,460 |
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% | -$205 | -$2,460 |
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% | -$113 | -$1,356 |
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 | 46% | -$1,886 | -$22,626 |
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:
| $1,968 | $23,616 |
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. | -$5,097 | -$61,164 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $3,129 | $37,548 |