$584,000
Investment Summary
- Monthly Cash Flow
- -$1,058
- Cap Rate
- 4.0%
- Cash-on-Cash Return
- -9.5%
- Debt Coverage Ratio
- 0.65
- Internal Rate of Return (5 years)
- -5.2%
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
Welcome to 5027 Castlewood Drive - a one-of-a-kind, move-in-ready residence that blends classic charm with modern updates in one of Lilburn's most desirable neighborhoods. With over 4,000 square feet of living space, this beautifully maintained home offers exceptional value at under $590,000, making it a rare opportunity for those seeking space, versatility, and style without compromise. Step through the front door into a bright and inviting foyer that sets the tone for the rest of the home. The spacious family room features a cozy fireplace, perfect for gathering with loved ones or relaxing after a long day. At the other end of the main floor you'll find elegant formal living and dining areas, ideal for entertaining guests or hosting special occasions. The updated kitchen is a true highlight, featuring white marble countertops, timeless cabinetry, and ample prep and storage space. Whether you're a passionate home chef or simply enjoy a beautiful kitchen, this space is designed to impress. It flows seamlessly into the breakfast area, creating the perfect spot for casual meals with views of the backyard. On the main floor, you'll also find a bedroom that offers wonderful flexibility. It's ideal as a comfortable guest suite for visiting friends and family or can easily be used as a home office-providing a quiet and convenient workspace without sacrificing a bedroom upstairs. This feature adds both function and value, catering to today's evolving lifestyle needs. The owner's suite offers a peaceful retreat with a generous walk-in closet and a private ensuite bath. Secondary bedrooms are spacious and well-appointed, providing comfort and flexibility for family, guests, or additional home office needs. Downstairs, the fully finished basement adds tremendous value and versatility. With multiple rooms and a separate entrance, it's ideal for teenagers, in-laws, or even generating extra rental income. The layout allows for privacy while maintaining easy access to the main level, making it an exceptional bonus space that can grow and adapt with your lifestyle. Step outside to the private backyard, a perfect setting for outdoor living. Whether you envision summer barbecues, peaceful morning coffee on the patio, or a play area for kids and pets, this yard offers space and flexibility. Located in a quiet, established neighborhood, this home combines the best of suburban living with unbeatable convenience. You'll be just minutes from top-rated schools, beautiful parks, shopping, dining, and major highways-providing easy access to the entire metro Atlanta area while enjoying the peaceful feel of Lilburn living. Additional highlights include: *Over 4,000 sq ft of living space, providing room for everyone *Move-in-ready condition, so you can settle in with ease *Bedroom on the main floor perfect for guests or a home office *Updated kitchen with white marble countertops *Finished basement with flexible living options *Fireplace in the family room for warmth and charm *Spacious bedrooms and excellent storage throughout *Private backyard perfect for entertaining or relaxing *Incredible value under $590K for the size and features offered Whether you're looking for a home that can accommodate a growing family, provide multigenerational living options, or simply give you the space you've been searching for, 5027 Castlewood Drive delivers it all. With thoughtful updates, abundant space, and a prime Lilburn location, this property stands out as a truly special find. Don't miss your chance to make this beautiful house your new home! Schedule your private showing today and experience firsthand why this Lilburn gem is the perfect place to create lasting memories.
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Location
Property Details
Parking
- Description: Driveway, Garage, Garage Door Opener, Garage Faces Side, Kitchen Level
- Details: Garage, Garage Door Opener, Kitchen Level
- Garage Spaces: 2
- Spaces Total: 2
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 8
- # of Stories: 3
- Basement: Yes
- Basement Description: Daylight, Exterior Entry, Finished
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Combination
- Roof Type: Gable or Hip
- Roof Material: Composition
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: R6045066
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Brick 4 Side, Traditional
- Year Built: 1978
Tax Information
- Annual Tax: $2,459
Utilities
- Water & Sewer: Public
- Heating: Central, Natural Gas
- Cooling: Central Air, Zoned
Location
- County: Gwinnett
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,058
- Cap Rate
- 4.0%
- Cash-on-Cash Return
- -9.5%
- Debt Coverage Ratio
- 0.65
- Internal Rate of Return (5 years)
- -5.2%
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:
| $584,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$467,200 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $116,800 |
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:
| $17,520 |
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:
| $134,320 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 4,020 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $145 |
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:
| $0.77 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $467,200 |
|---|---|
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:
| 6.625% |
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:
| $2,992 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $205 |
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:
| $3,414 |
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. | 7% | -$205 | -$2,459 |
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. | n/a | n/a | n/a |
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 | 32% | -$980 | -$11,759 |
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:
| $1,934 | $23,208 |
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. | -$2,992 | -$35,904 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$1,058 | -$12,696 |