$695,000
Investment Summary
- Monthly Cash Flow
- -$1,818
- Cap Rate
- 3.1%
- Cash-on-Cash Return
- -13.6%
- Debt Coverage Ratio
- 0.50
- Internal Rate of Return (5 years)
- -9.2%
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
BACK ON MARKET, NO FAULT OF SELLER! Step into Luxury and Lifestyle at 4058 Rosebay Way, an exquisite residence in the prestigious enclave of executive homes within The Parks of Stonecrest. This expansive 6-bedroom, 5-bathroom, one-owner, custom-built home offers more than 6,300 square feet of stunning living space and unmatched craftsmanship, so hard to find in new construction homes, all tailored for comfort, style, and endless possibilities for many years to come. From the moment you step through the door, youCOll be captivated by the incredibly spacious floor plan in the wonderful two-story foyer. Entertain in the formal living and dining areas, or relax with family in the great room, complete with a cozy fireplace and exquisite coffered ceilings. The dine-in kitchen offers ample space to prepare meals while staying connected with loved ones. For guests or multi-generational living, the main level features a guest bedroom and full bathroomCoa rare and practical find. Upstairs, retreat to your enormous primary suite, a sanctuary featuring a large sitting area, double closets, and a luxurious spa-inspired en suite bathroom like none other, offering beautiful archways, vaulted ceilings, a separate shower, and a jacuzzi tub. This is your personal escape, designed with luxury living and ultimate comfort in mind. Enjoy the extensive floor plan on the upper level offering both space and privacy, with a large open loft area, two bedrooms sharing a jack-and-jill bathroom, and another large bedroom with convenient access to an additional bathroom, making it the perfect junior suite for growing teens, the in-laws, or the occasional visitor. But wait Ca thereCOs more! Discover the expansive potential of this home, featuring a spacious terrace level stretching across more than 2,000 square feet. With ample room for customization, this level offers incredible value courtesy of the owners and years of thoughtful planning. ItCOs already equipped with a full bar inside a recreational room perfect for billiards or family game night, an additional bedroom with direct access to a full bathroom, a cigar lounge, a 500+ bottle wine cellar, and 10-foot ceilings across the lower level. Finish customizing your dream home with more versatile spaces ideal for a home theater, home gym, a living room, and more. The possibilities are endless, and the nearly complete spaces allow for personalized touches to make it your own while saving you thousands compared to similar homes recently sold in the community! While the home features a finished basement, approximately 10% of the space requires minor cosmetic completion, including additional painting and finishing work. This does not impede the use or functionality of the basement in its current state. The home is priced to reflect its unique features, size, and location. It allows the new buyer to personalize the remaining details to their preferences while enjoying a move-in-ready space. Whether hosting a summer barbecue or enjoying a quiet evening under the stars, this home invites you to enjoy the outdoors, holiday cookouts, and large gatherings with an expansive, level backyard. On this large covered deck, you can grill even while itCOs raining or step out onto the open extension area with stairs leading down to the level backyard that could perfectly accommodate your very own private pool. This amenity-rich community boasts two swimming pools, playgrounds, tennis courts, a clubhouse with a fitness center, walking trails, and a Neighborhood Social Committee that organizes events like movie nights and holiday gatherings. Connect with neighbors, create memories, and enjoy an active, fulfilling lifestyle. Conveniently positioned near Rockdale Tennis, Emory Hillandale Hospital, and an array of shopping and dining options, youCOll never be far from what you need. With easy access to I-20, commuting to Downtown or Midtown Atlanta is a breezeCojust 30 minutes away.
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Location
Property Details
Parking
- Description: Attached, Driveway, Garage, Garage Door Opener, Garage Faces Front, Kitchen Level, Level Driveway
- Details: Attached, Garage
- Garage Spaces: 0
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 6
Bathroom Information
- # of Baths (Full): 5
- # of Baths (Total): 0.0
Interior Features
- # of Stories: 3
- Basement: Yes
- Basement Description: Bath/Stubbed, Daylight, Exterior Entry, Interior Entry, Partial
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Wood
- Roof Material: Composition
HOA
- Has HOA: Yes
- Association: Beacon Management
- HOA Fee: $750/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 1618001029
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Brick 3 Side, Traditional
- Year Built: 2016
Tax Information
- Annual Tax: $6,359
Utilities
- Water & Sewer: Public
- Heating: Central, Natural Gas, Zoned
- Cooling: Ceiling Fan(s), Central Air, Gas, Zoned
Location
- County: De Kalb
Investment Summary
- Monthly Cash Flow
- -$1,818
- Cap Rate
- 3.1%
- Cash-on-Cash Return
- -13.6%
- Debt Coverage Ratio
- 0.50
- Internal Rate of Return (5 years)
- -9.2%
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:
| $695,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$556,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $139,000 |
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:
| $20,850 |
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:
| $159,850 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 6,400 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $109 |
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:
| $0.55 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $556,000 |
|---|---|
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:
| 6.840% |
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:
| $3,640 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $530 |
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:
| $4,415 |
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% | -$530 | -$6,359 |
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. | 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 | 42% | -$1,468 | -$17,615 |
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:
| $1,822 | $21,864 |
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. | -$3,640 | -$43,680 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $1,818 | $21,816 |