$730,000
Investment Summary
- Monthly Cash Flow
- -$2,127
- Cap Rate
- 2.8%
- Cash-on-Cash Return
- -15.2%
- Debt Coverage Ratio
- 0.44
- Internal Rate of Return (5 years)
- -10.7%
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 this exquisite Craftsman Ranch home, located in the serene and secluded Little Bear community, nestled in the picturesque foothills of Canton, Georgia. Offering a spacious 5-bedroom, 4-bath layout, this home provides ample room for both comfortable living and elegant entertaining. With 3,245 square feet of thoughtfully designed living space, this property strikes the perfect balance between style, function, and comfort. As you step inside, you'll immediately feel the warm, inviting atmosphere. At the heart of the home is a gourmet kitchen, featuring dual built-in wall ovens and a large gas cooktop, ideal for preparing culinary creations for family gatherings or dinner parties. Complete with top-of-the-line appliances and an oversized fridge offering Craft Ice, you'll be ready to host your next event with ease. Adjacent to the kitchen, a cozy breakfast nook is perfect for casual meals, while a separate dining room offers a refined setting for more formal occasions. The open-concept family room serves as the central hub of the home, highlighted by a stunning wood-burning fireplace with a stone hearth, adding both warmth and character to the space. The thoughtful, open split-bedroom floor plan enhances privacy throughout the home. The master suite is truly a retreat, offering generous space, a walk-in closet, and an en-suite bath designed for relaxation and luxury. The bath features an oversized shower with dual showerheads and a built-in bench, as well as a large soaking tub—perfect for unwinding after a long day. Two additional bedrooms on the main floor are connected by a convenient Jack-and-Jill bathroom, complete with a double vanity separated from the wet area for added privacy, making it ideal for children or guests. For added versatility, the home also boasts a cozy keeping room with elegant French doors, perfect for a home office, playroom, or a quiet reading nook—tailor this space to fit your needs. Upstairs, you’ll find a versatile loft area with double dormers, an additional bedroom, and a full bathroom. This upper level offers endless possibilities, whether as a private guest or in-law suite, a teenager's retreat, extra office space, or even a media room. It’s the perfect space for multi-generational living or hosting out-of-town visitors. Practicality meets convenience with a laundry room featuring a wash basin and cabinetry, strategically located just off the garage entrance—making daily chores a breeze. The spacious 3-car garage with 8-foot tall doors provides ample room for vehicles and additional storage, perfect for car enthusiasts. For those who love entertainment, the family room is equipped with an 82" Samsung 4K flat-screen TV, mounted above the fireplace’s rustic mantle, ensuring you're always ready for movie nights or the big game. Built with modern technology in mind, this home features a smart panel for structured wiring and Cat5 Ethernet ports throughout, ensuring seamless connectivity for all your devices. Schedule a viewing today to experience the many features that make this home truly stand out. From its natural beauty and prime location to its modern amenities and timeless design, this property offers a unique opportunity to live in comfort and style.
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Location
Property Details
Parking
- Description: Garage, Garage Door Opener, Attached, Driveway, Kitchen Level, Garage Faces Side
- Details: Attached, Driveway, Garage, Garage Faces Side, Kitchen Level
- Garage Spaces: 3
- Spaces Total: 3
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Partial): 1
- # of Baths (Total): 4.0
Interior Features
- # of Stories: 2
- Basement Description: None
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Fiber cement siding (Hardi-board/Hardi-plank
- Foundation: Slab
- Roof Type: Hip
- Roof Material: Composition
HOA
- Has HOA: Yes
- Association: Sixes Management Group
- HOA Fee: $1,200/semi-annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 14N14A003
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Craftsman, Ranch
- Year Built: 2019
Tax Information
- Annual Tax: $6,368
Utilities
- Water & Sewer: Public
- Heating: Central
- Cooling: Central Air
Location
- County: Cherokee
Listing Details
Investment Summary
- Monthly Cash Flow
- -$2,127
- Cap Rate
- 2.8%
- Cash-on-Cash Return
- -15.2%
- Debt Coverage Ratio
- 0.44
- Internal Rate of Return (5 years)
- -10.7%
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:
| $730,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$584,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $146,000 |
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:
| $21,900 |
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:
| $167,900 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,245 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $225 |
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:
| $1.08 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $584,000 |
|---|---|
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:
| $3,811 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $531 |
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:
| $245 |
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:
| $4,587 |
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:
| $3,500 | $42,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$210 | -$2,520 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,290 | $39,480 |
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. | 15% | -$531 | -$6,368 |
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% | -$245 | -$2,940 |
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% | -$280 | -$3,360 |
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% | -$175 | -$2,100 |
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% | -$175 | -$2,100 |
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. | 6% | -$200 | -$2,400 |
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% | -$1,606 | -$19,268 |
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:
| $1,684 | $20,208 |
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. | -$3,811 | -$45,732 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $2,127 | $25,524 |