$4,850,000
Investment Summary
- Monthly Cash Flow
- -$25,859
- Cap Rate
- -0.1%
- Cash-on-Cash Return
- -27.8%
- Debt Coverage Ratio
- -0.02
- Internal Rate of Return (5 years)
- -22.8%
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
Experience unparalleled elegance in this luxury LAKEFRONT estate home, designed by award-winning T.S. Adams Studio Architects and custom built by John Willis Homes, featuring 7 bedrooms, 7/3 bathrooms, a finished TERRACE LEVEL & HEATED SALTWATER POOL on a private CUL-DE-SAC LOT. Nestled on a pristine LAKE with 370 FEET of LAKEFRONT footage, this home offers breathtaking WATER & GOLF COURSE views from every angle. This magnificent home was built with $1 million of handcrafted TENNESSEE FLAGSTONE! Step through the stone rocking chair FRONT PORCH & the custom steel doors into the groin vaulted foyer with views to the grand interior with arched entryways, premium millwork & beamed ceilings. WIDE-PLANK HEART OF PINE FLOORING & CUSTOM SCARDINO STEEL doors & casement windows in the living/dining room, kitchen, family room, terrace level living room & game room highlight the attention to detail throughout. To your left is a DINING/SITTING room with dual French doors to the stone porch & patio. To your right is the elegant OFFICE with French doors, marble FIREPLACE, coffered ceiling & double doors to the covered stone rear porch. The heart of the home is a gourmet kitchen, designed for entertaining-featuring BEAMED ceilings, DUAL islands, 2 sinks, custom cabinetry, granite countertops, VIKING range with double ovens, a VENTED HOOD, built-in SUB ZERO fridge, walk-in pantry, WINE fridge & a sunlit, paneled DINING area with beamed ceiling. A warm & inviting family room with shiplap BEAMED ceiling, custom built-ins & a striking STONE FIREPLACE adds warmth & charm. A wall of custom doors folds open to the covered stone patio with built-in dual gas/charcoal grill, beamed ceiling & stunning views of the POOL, LAKE, golf course & backyard. This expansive level also features a large GUEST room with full en-suite bathroom, a LAUNDRY room with sink, a convenient MUD ROOM & powder room. DOUBLE STAIRCASES lead upstairs to the second level. The MASTER SUITE is a serene retreat with a SITTING area, hardwood floor & spa-inspired bath with custom cabinetry, marble countertops, JACUZZI tub, large tile shower, massive walk-in closet with custom cabinetry & a gorgeous, PRIVATE STONE PATIO with panoramic views of the LAKE & GOLF COURSE. This level also features 4 expansive secondary bedrooms, each with full, tiled en-suite bathrooms & walk-in custom closets. A convenient SECOND LAUNDRY ROOM with sink & custom cabinetry & CRAFT ROOM with custom cabinetry complete this level. The stunning TERRACE LEVEL is an entertainer's dream & features a custom BAR with icemaker, granite countertops & INDOOR/OUTDOOR SERVING WINDOW, a FAMILY room with bar counter, GAME ROOM, MEDIA ROOM with surround sound & a LIVING ROOM with beautiful STONE FIREPLACE. The temperature-controlled WINE CELLAR & tasting room with space for 850 bottles is exquisite! A BEDROOM/flex room with full, tiled en-suite BATHROOM & a HALF-BATHROOM complete this impressive level. Step out into the expansive stone patio with 3 distinct entertaining areas, one with a STONE FIREPLACE. Enjoy exceptional, COMPLETELY PRIVATE outdoor living across 5-star amenities, including a resort-style HEATED SALTWATER POOL with jacuzzi overlooking the lake, expansive terraces with sitting areas & EIGHT OUTDOOR LIVING AREAS & 2 FIREPLACES that capture the serene backdrop of 370 FEET OF LAKE FRONTAGE. The CUSTOM-BUILT STEEL SPIRAL STAIRCASE ESCORTS YOU FROM THE POOL DECK TO THE LAKE LANDING. The immaculate landscaping was designed by award-winning landscape design firm, Land Plus Associates. Additional features include SONOS SURROUND SOUND throughout, whole-home WATER FILTRATION & AIR PURIFICATION systems, Vermont SLATE ROOF & COPPER gutters & downspouts. This residence redefines luxury with its rare craftsmanship, resort-style amenities & a SETTING THAT IS TRULY SECOND-TO-NONE! The epitome of luxury living in THE RIVER CLUB, the most sought-after golf/swim/tennis/country club GATED community in Atlanta. Welcome home...
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Location
Property Details
Parking
- Description: Garage, Level Driveway
- Details: Attached, Garage, Garage Door Opener, Kitchen Level
- Garage Spaces: 5
- Spaces Total: 5
Bedroom Information
- # of Bedrooms: 7
Bathroom Information
- # of Baths (Full): 7
- # of Baths (Total): 0.0
Interior Features
- # of Rooms: 22
- # of Stories: 2
- Attic: Yes
- Basement: Yes
- Basement Description: Daylight, Exterior Entry, Finished, Full, Interior Entry
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Brick
- Roof Type: Gable or Hip
- Roof Material: Copper, Metal, Slate
- Pool: Yes
HOA
- Has HOA: Yes
- HOA Fee: $6,000/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: R7285182
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Brick 4 Side, French Provincial, Traditional
- Year Built: 2006
Tax Information
- Annual Tax: $36,793
Utilities
- Water & Sewer: Public
- Heating: Central, Electric, Forced Air, Natural Gas, Zoned
- Cooling: Ceiling Fan(s), Central Air, Electric, Zoned
Location
- County: Gwinnett
Investment Summary
- Monthly Cash Flow
- -$25,859
- Cap Rate
- -0.1%
- Cash-on-Cash Return
- -27.8%
- Debt Coverage Ratio
- -0.02
- Internal Rate of Return (5 years)
- -22.8%
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:
| $4,850,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$3,880,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $970,000 |
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:
| $145,500 |
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:
| $1,115,500 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 11,738 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $413 |
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:
| $0.38 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $3,880,000 |
|---|---|
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:
| $25,398 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $3,066 |
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:
| $315 |
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:
| $28,779 |
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:
| $4,500 | $54,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$270 | -$3,240 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,230 | $50,760 |
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. | 68% | -$3,066 | -$36,793 |
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% | -$315 | -$3,780 |
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% | -$360 | -$4,320 |
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% | -$225 | -$2,700 |
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% | -$225 | -$2,700 |
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. | 11% | -$500 | -$6,000 |
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 | 104% | -$4,691 | -$56,293 |
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:
| -$461 | -$5,532 |
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. | -$25,398 | -$304,776 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $25,859 | $310,308 |