$740,000
Investment Summary
- Monthly Cash Flow
- -$2,703
- Cap Rate
- 1.8%
- Cash-on-Cash Return
- -19.1%
- Debt Coverage Ratio
- 0.29
- Internal Rate of Return (5 years)
- -14.4%
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
Welcome to the award-winning 55+ community of Cresswind at Lake Lanier. Located on a private cul-de-sac premium lot, the “Maple” model shows pride of ownership throughout. Featuring 3 bedrooms, 2.5 baths, 2,674 sq ft of main floor living space, and an additional 2,314 sq ft of unfinished terrace level space. Notable interior details include hardwood floors, upgraded crown molding, and upgraded baseboards. The crown jewel of the home is the enclosed 360 sq ft sunroom which is surrounded by windows overlooking the trees, equipped with a built-in speaker system, and is heated and cooled with a split system for year-round enjoyment. Adjacent to the sunroom is a Trex deck suitable for grilling and outdoor activities. The great room offers open concept living with a gas fireplace, built-in speaker system, and spacious dining area with custom window placement to accommodate placement for a buffet or cabinet. The kitchen includes white cabinets, beadboard accents, granite countertops, Advantium halogen microwave, built-in oven, breakfast area, prep island, and walk-in pantry. The primary bedroom suite offers views of the trees, built-in speaker system, walk-in closet, jet tub, frameless shower enclosure, and vanity with dual sinks. The second and third bedrooms share a Jack and Jill bathroom with a tub/shower combination; the third bedroom has custom window placement, built-in speaker system and was used as an office. The unfinished terrace level is stubbed for a bath and may be finished for additional living space or used for storage. There is access to a back patio and backyard which is maintained by the HOA. Additional upgrades include concrete resurfacing of the front walkway and porch, extended driveway, security system with exterior cameras, Rachio "smart" irrigation system, new HVAC (June 2023), and new dehumidifier (July 2025). The award-winning Cresswind at Lake Lanier boasts a 43,000 sq ft, 3-story clubhouse with indoor and outdoor pools, kayaking, fishing, courtesy boat docks, over 120 clubs, arts & crafts room, pickleball, tennis, indoor & outdoor pools, gym, dance & fitness classes, poker, games, billiards, plays, chorus, concerts, dances and more! An on-site activities director, property manager and maintenance crew keep everything running smoothly. The residents are welcoming, friendly and anxious to include new neighbors in all the activities! I have lived at Cresswind at Lake Lanier for 12 years and I know you will enjoy the Cresswind lifestyle!
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Location
Property Details
Parking
- Description: Garage
- Details: Attached, Driveway, Garage, Garage Door Opener, Garage Faces Front, Kitchen Level
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Partial): 1
- # of Baths (Total): 3.0
Interior Features
- # of Rooms: 6
- # of Stories: 2
- Basement: Yes
- Basement Description: Bath/Stubbed, Exterior Entry, Full, Unfinished, Walk-Out Access
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Fiber cement siding (Hardi-board/Hardi-plank
- Foundation: Slab
- Roof Type: Gable or Hip
- Roof Material: Composition, Shingle
HOA
- Has HOA: Yes
- HOA Fee: $1,161/quarterly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 08021001459
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Craftsman
- Year Built: 2015
Tax Information
- Annual Tax: $6,307
Utilities
- Water & Sewer: Public
- Heating: Electric, Heat Pump
- Cooling: Ceiling Fan(s), Electric, Heat Pump
Location
- County: Hall
Listing Details
Investment Summary
- Monthly Cash Flow
- -$2,703
- Cap Rate
- 1.8%
- Cash-on-Cash Return
- -19.1%
- Debt Coverage Ratio
- 0.29
- Internal Rate of Return (5 years)
- -14.4%
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:
| $740,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$592,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $148,000 |
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:
| $22,200 |
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:
| $170,200 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,314 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $320 |
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:
| $1.25 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $592,000 |
|---|---|
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:
| $3,791 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $526 |
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:
| $203 |
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:
| $4,520 |
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:
| $2,900 | $34,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$174 | -$2,088 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,726 | $32,712 |
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% | -$526 | -$6,307 |
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% | -$203 | -$2,436 |
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% | -$232 | -$2,784 |
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% | -$145 | -$1,740 |
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% | -$145 | -$1,740 |
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. | 13% | -$387 | -$4,644 |
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 | 56% | -$1,638 | -$19,651 |
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:
| $1,088 | $13,056 |
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. | -$3,791 | -$45,492 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$2,703 | -$32,436 |