$1,200,000
Investment Summary
- Monthly Cash Flow
- -$3,775
- 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
BEST CORNER LOT IN ALL OF WEST COBB!! One of the largest homes in the whole subdivision. This home offers luxury, space, flexibility, and unbeatable curb appeal—all in one of West Cobb’s most desirable neighborhoods! This stunning 6BR / 5.5 BA luxury home sits on a premier corner lot and boasts a full finished basement. Over 6700 sf of beautifully appointed living space. Parking? No problem. Circular and linear driveway leads to a 3 car garage. You will never complain of not enough space with this home. Recent complete exterior paint. Updated roofing. Professionally landscaped with a WELL to water whenever you like, for how long you like. Enter this home through a 8-ft tall solid wood door into the grand 2 story foyer large enough to be a room of its own. HARDWOOD FLOORING throughout the main level except the bedrooms. To the right and left of the foyer is a very spacious dining room, large enough for a 10 seat dining table, and the living room with COFFERED CEILING. Can be used as an office. Both rooms have large blade SHUTTERS and get great sunlight. ALSO ON THE MAIN LEVEL ARE THE PRIMARY SUITE AND JR. PRIMARY SUITE. 2 BRs ON THE MAIN LEVEL!!!! Perfect for guests and in-laws. The Primary suite bath has been recently updated with modern SPA features. The Jr primary suite has a trey ceiling, garden tub and separate shower bath. The open 2- story family room features bookshelves, storage, and a masonry FIREPLACE with gas starter for beautiful fire lit nights watching a movie. The family room leads out to the screened enclosed deck with enough sitting room for outside entertaining (cable outlet), and the uncovered deck. ***A CHEF's KITCHEN. All stainless steel Jenn-Air appliances. Double convection oven. 6-eye gas cooktop. Oversized range hood. Center Island is perfect for preparing and serving guests. Lots of counter space. Tons of recently updated cabinets with champagne gold fixtures and under cabinet lighting. An abundance of cabinet storage surrounds the kitchen. Granite countertops with tile backsplash. Champagne gold water fixture. Breakfast area for 4-6 people and breakfast bar that seats 3-4 people. If all the cabinets are not enough storage, there is a walk-in pantry for large appliances and food storage. From the pantry is the laundry room on the main level located at the garage door and the side exterior door. ***2nd Floor features: Wood railing with wrought iron spindles and hardwood flooring across the bridge that overlooks the 2 story family room and foyer. BR#3 is oversized with a vaulted ceiling, walk-in closet, and full bath. Big enough for a jungle gym and bunk beds!! BR#4 is a large room over the garage with a large walk-in closet. BR#5 has a walk-in closet and access to the full bath. BR#6 is on the far end of the bridge with a closet. Can be used as a BR or office. ***FULL FINISHED BASEMENT "THE MAN CAVE" This basement is an entertainer's dream. Media Room, Exercise Room, Sitting room with fireplace, Game room with BAR, Full KITCHEN, Bonus room, Full bath with shower tub combination, and Utility room. The basement features heavy crown moulding throughout. Coffered ceiling in the sitting area with a stone gas fireplace. Leads to the terrace level patio. The gaming room is large enough for any sized gaming table. Bar with sink, counter refrigerator and ice maker. Custom cabinets with granite countertops. Plenty storage for beverages and party favors. The media room is intimate with decadent trimming and surround sound system. The full kitchen is great for extra cooking space for the huge celebrations. More custom cabinets and storage galore!!! The bonus room has been used as a playroom and also as extra sleeping quarters for those extra guests. If you do not want to travel to the gym, there is plenty of space for workout equipment. The basement also has an oversized utility room to store all your lawn and utility work equipment.
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Location
Property Details
Parking
- Description: Garage
- Details: Driveway, Garage, Garage Door Opener, Garage Faces Side, Kitchen Level
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 6
Bathroom Information
- # of Baths (Full): 5
- # of Baths (Partial): 1
- # of Baths (Total): 6.0
Interior Features
- # of Rooms: 10
- # of Stories: 2
- Basement: Yes
- Basement Description: Daylight, Exterior Entry, Finished, Full, Interior Entry, Walk-Out Access
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Wood
- Foundation: Concrete Perimeter
- Roof Material: Composition, Shingle
HOA
- Has HOA: Yes
- HOA Fee: $1,100/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 19002200120
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Craftsman, Traditional
- Year Built: 2005
Tax Information
- Annual Tax: $2,727
Utilities
- Water & Sewer: Public
- Heating: Central
- Cooling: Attic Fan, Ceiling Fan(s), Central Air, Zoned
Location
- County: Cobb
Listing Details
Investment Summary
- Monthly Cash Flow
- -$3,775
- 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:
| $1,200,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$960,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $240,000 |
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:
| $36,000 |
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:
| $276,000 |
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:
| $960,000 |
|---|---|
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:
| $6,147 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $227 |
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:
| $273 |
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:
| $6,647 |
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:
| $3,900 | $46,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$234 | -$2,808 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,666 | $43,992 |
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. | 6% | -$227 | -$2,727 |
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% | -$273 | -$3,276 |
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% | -$312 | -$3,744 |
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% | -$195 | -$2,340 |
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% | -$195 | -$2,340 |
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. | 2% | -$92 | -$1,104 |
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% | -$1,294 | -$15,531 |
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:
| $2,372 | $28,464 |
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. | -$6,147 | -$73,764 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$3,775 | -$45,300 |