$699,900
Investment Summary
- Monthly Cash Flow
- -$2,084
- Cap Rate
- 2.7%
- Cash-on-Cash Return
- -15.5%
- Debt Coverage Ratio
- 0.43
- Internal Rate of Return (5 years)
- -11.0%
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
Prepare to be WOWED! Your Dream Lake Community Ranch Awaits in Northgate! THIS IS NOT JUST A HOUSE, IT'S A LIFESTYLE! AN INCREDIBLE OPPORTUNITY knocks with this sprawling, custom-designed four-sided brick ranch nestled in a highly sought-after lake community within the top-rated Northgate school district! Get ready to fall in love with the meticulous updates and exceptional features that make this home truly one-of-a-kind. Step inside and be greeted by brand new hardwood flooring that flows seamlessly throughout the main living areas. The heart of the home is a chef-inspired kitchen boasting new countertops and a stylish new backsplash, making it a joy to cook and entertain. Every inch of the interior has been freshly painted, creating a bright and inviting atmosphere. This impressive residence offers space for everyone and everything: Elegant Formal Spaces: A formal dining area perfect for hosting memorable gatherings and a formal living room that could easily transform into a sophisticated music room or library. Private Home Office: Featuring French doors and built-in bookshelves, creating an ideal workspace. Convenient Powder Room: An oversized powder room with a large closet that presents a fantastic opportunity to add a shower if desired. Cozy Family Room: Relax and unwind by the marble gas log fireplace, flanked by charming built-in bookshelves. Bonus Recreation Room: Located above the family/keeping room, offering a versatile space for games, hobbies, or a media center. Luxurious Owners Suite Retreat: Escape to your private oasis featuring a sitting room, double doors leading to the screened porch and saltwater hot tub area, and a HUGE walk-in closet with a convenient second door to the bathroom. Spa-Like Owners Bath: Indulge in the tiled bath with a double vanity, separate shower with an opening window, a relaxing 6ft soaking tub, private water closet, and a large linen closet. Private Guest Wing: On the opposite side of the home, discover a private area with an ensuite bedroom featuring a charming window seat, and an additional bedroom with a shared bath area. Indoor-Outdoor Living at its Finest: Enjoy a heated and cooled porch with a pass-thru window and bar to the kitchen – perfect for year-round entertaining! Step out onto the screened porch complete with a 6-person hot tub for ultimate relaxation, and a back deck overlooking the beautiful, fenced backyard. Future Pool Paradise: The perfectly situated backyard sits up beautifully, offering incredible potential for a future pool! Practical Features: Keyless entry for added convenience, a crawl space with a 6ft door and enhanced storage space (with extra bracing in the owner's suite crawl space for heavy exercise equipment!), abundant extra closets throughout, and a decked attic space with potential for a future bath in the bonus room. Ample Parking: A spacious 3-car garage provides plenty of room for vehicles and storage. Appreciate the character and dimension created by various ceiling heights ranging from 12 to 20 feet. Peace of Mind Updates: Benefit from two HVAC systems and a tankless water heater installed within the last 7 years, and a newer roof as of August 2023! Don't miss your chance to own this exceptional home that offers unparalleled space, updates, and a prime location in a sought-after lake community and the desirable Northgate school district. Schedule your showing today and prepare to be amazed!
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Location
Property Details
Parking
- Description: Attached, Garage Door Opener, Garage, Kitchen Level, Parking Pad, Side/Rear Entrance
- Details: Attached, Detached, Garage
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Partial): 1
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 6
- # of Stories: 1
- Basement Description: None
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Masonry
- Foundation: Slab
- Roof Type: Hip
- Roof Material: Shingle
HOA
- Has HOA: Yes
- HOA Fee: $375/annually
- Additional HOA Fee: $375/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 1086025119
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Ranch
- Year Built: 1998
Tax Information
- Annual Tax: $5,935
Utilities
- Water & Sewer: Public
- Heating: Central
- Cooling: Central Air
Location
- County: Coweta
Listing Details
Investment Summary
- Monthly Cash Flow
- -$2,084
- Cap Rate
- 2.7%
- Cash-on-Cash Return
- -15.5%
- Debt Coverage Ratio
- 0.43
- Internal Rate of Return (5 years)
- -11.0%
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:
| $699,900 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$559,920 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $139,980 |
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:
| $20,997 |
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:
| $160,977 |
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:
| $559,920 |
|---|---|
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:
| 6.840% |
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:
| $3,665 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $495 |
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:
| $217 |
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:
| $4,377 |
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:
| $3,100 | $37,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$186 | -$2,232 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,914 | $34,968 |
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. | 16% | -$495 | -$5,935 |
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% | -$217 | -$2,604 |
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% | -$248 | -$2,976 |
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% | -$155 | -$1,860 |
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% | -$155 | -$1,860 |
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% | -$63 | -$756 |
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 | 43% | -$1,333 | -$15,991 |
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:
| $1,581 | $18,972 |
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. | -$3,665 | -$43,980 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $2,084 | $25,008 |