$849,000
Investment Summary
- Monthly Cash Flow
- -$2,144
- Cap Rate
- 2.6%
- Cash-on-Cash Return
- -13.2%
- Debt Coverage Ratio
- 0.47
- Internal Rate of Return (5 years)
- -8.8%
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
This completely customized home by esteemed builder Hagood Homes the Shackleford Banks enjoys pristine water views with nature beyond in St. James Plantation 4135 Skeffington Court offers a prime location just a short walk from the Players Clubhouse, pool, workout facility, and community garden and easy access to the Regency Gate. This 4-bedroom, 3-bathroom home boasts 2,737 square feet of thoughtfully designed living space. The charming brick exterior, sideload garage, and inviting oversized front porch set the tone for timeless elegance. A beveled glass Mahogany front door welcomes you inside, framed by stone-accented columns under an attractive aluminum roof, adding both character and curb appeal. Step inside the welcoming foyer, where custom wainscoting and crown molding elegantly frame the space and extend into the formal dining room. Divider columns create a seamless transition between rooms, while rich Hickory wood floors flow throughout the main level, effortlessly connecting the dining room, living room, and kitchen. The spacious great room features a sophisticated cove ceiling and a striking gas fireplace with a stacked stone surround, flanked by built-ins designed to offer an alternate connection to mounting the TV over the fireplace. Just beyond, the beautiful sunroom is accessible through 10-foot bi-directional sliding glass doors, offering a peaceful retreat and calming pond/nature views. The backyard offers endless opportunities for both entertainment and relaxation. A spacious patio provides an ideal setting for grilling and outdoor dining, while the beautifully designed landscape and stone retaining wall enhances the serene ambiance. The pond is professionally maintained by the homeowner's association and backs to a protected green space that ensures both privacy and stunning natural views. The home's chef will delight in the well-appointed kitchen, where custom raised-panel café wood cabinetry provides both beauty and functionality. Stainless steel appliances include a dual fuel range with convection and grilling features, granite countertops extend across the space, complemented by a large island with counter-height seating that offers additional prep space and storage. A walk-in pantry keeps essentials neatly organized, while the adjacent cozy breakfast nook provides the perfect spot for casual dining. Just beyond, the private owner's suite is bathed in natural light and offers peaceful backyard pond views. Rich wood flooring continues to the en-suite bathroom, where ceramic tile guides you through a spa-like space. A dual-sink vanity topped with granite provides ample storage, while the tiled walk-in shower features frosted glass, multiple shower heads, built-in seating, and shelving. Completing the suite is a spacious, custom-organized walk-in closet with soft, neutral carpeting and a convenient pocket door. On the opposite side of the main floor, two comfortable guest bedrooms with plush carpeting provide a welcoming retreat for family and friends. These bedrooms share a well-appointed hall bathroom featuring a large vanity and a tub/shower combo, ensuring both convenience and style. A dedicated laundry room and garage entry add to the home's functional layout. The home has an over abundance of closet space and storage options. Upstairs, a spacious bonus room expands the home's versatility, offering overflow guest quarters or an ideal multi-generational living space. This thoughtfully designed area includes a cozy den, bedroom, and a full bathroom, providing both privacy and comfort. Additionally, the bonus room grants access to an expansive, floored attic, perfect for extra storage. The two-car garage, complete with durable epoxy flooring, enhances the home's practicality and includes a 10x12 conditioned workshopperfect for a man cave, craft room, or additional storage needs. Built for safety and comfort, this home features a whole-house surge protector and a whole-house water filtration system ensures clean water, while a high-efficiency Trane HVAC system maintains year-round comfort. A 60-gallon propane tank powers the fireplace, stovetop, and emergency generator, providing reliability and peace of mind. If you are searching for the highly sought after Shackleford Banks by Hagood Homes, you have found it in St. James Plantation.
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Location
Property Details
Parking
- Description: Paved
- Details: Concrete
- Garage Spaces: 2
- Spaces Total: 2
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Total): 3.0
Interior Features
- # of Rooms: 10
- # of Stories: 2
- Basement Description: None
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Brick Veneer
- Foundation: Raised, Slab
- Roof Type: Gable
- Roof Material: Shingle
HOA
- Has HOA: Yes
- Association: St James Plantation POA
- HOA Fee: $1,200/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 220FD013
- Lot Size: 11500 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 2014
Tax Information
- Annual Tax: $2,803
Utilities
- Water & Sewer: Public
- Heating: Electric, Heat Pump
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Brunswick
Listing Details
Investment Summary
- Monthly Cash Flow
- -$2,144
- Cap Rate
- 2.6%
- Cash-on-Cash Return
- -13.2%
- Debt Coverage Ratio
- 0.47
- Internal Rate of Return (5 years)
- -8.8%
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:
| $849,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$679,200 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $169,800 |
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:
| $25,470 |
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:
| $195,270 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,737 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $310 |
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:
| $1.17 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $679,200 |
|---|---|
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:
| 5.875% |
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:
| $4,018 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $234 |
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:
| $224 |
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:
| $4,476 |
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:
| $3,200 | $38,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$192 | -$2,304 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,008 | $36,096 |
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. | 7% | -$234 | -$2,803 |
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% | -$224 | -$2,688 |
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% | -$256 | -$3,072 |
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% | -$160 | -$1,920 |
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% | -$160 | -$1,920 |
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. | 3% | -$100 | -$1,200 |
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 | 35% | -$1,134 | -$13,603 |
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:
| $1,874 | $22,488 |
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. | -$4,018 | -$48,216 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $2,144 | $25,728 |