$1,885,000
Investment Summary
- Monthly Cash Flow
- -$7,736
- Cap Rate
- 1.2%
- Cash-on-Cash Return
- -21.4%
- Debt Coverage Ratio
- 0.20
- Internal Rate of Return (5 years)
- -16.7%
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
"A LITTLE BIT OF HEAVEN BORDERING THE FLINT RIVER JUST TWO MINUTES FROM BROOKS!" THIS MAJESTIC 60 ACRE GATED ESTATE IS TRULY A "MAGICAL PARADISE" SURROUNDED BY BEAUTY AND WILL SIMPLY TAKE YOUR BREATH AWAY! UPON ENTERING THE STATELY STONE GATE, THE SPARKLING 3 ACRE SPRING FED POND SETS THE STAGE FOR THIS BEAUTIFULLY RESTORED FARMHOUSE, SIMPLY DRIPPING WITH CHARM AND CHARACTER...PLUS SEPARATE HISTORIC GUEST COTTAGE, AND AN ADORABLE POND HOUSE PERFECT FOR HOURS OF RELAXATION OR FISHING! OF COURSE, THERE IS ALSO THE PICTURESQUE RED BARN, FENCED PASTURE AREAS, AND LUSH TREE-LINED TRAILS LEADING TO THE FLINT RIVER TOO! This gorgeous farmhouse has been tastefully renovated with all the latest trends and decorator touches! Pause for a moment on the flagstone front porch and enjoy the water views, gorgeous gardens, lush landscaping, and mature hardwood trees for complete privacy! STEP INSIDE this lovely showplace to be AMAZED! YOU WILL FALL IN LOVE WITH THIS SPECTACULAR GREAT ROOM enhanced by dramatic 18' cathedral ceilings, hand hewn exposed beams, and stunning floor to ceiling stone fireplace...plus sliding doors opening to an inviting brick patio and gigantic covered pavilion...surrounded by nature and the stars at night! Continue on the inside tour to an elegant dining room for 12+ guests complete with a beamed ceiling, interior creamy white brick wall, and hardwood flooring, which extends throughout entire main level! Chef's "dream" kitchen equipped with handcrafted cabinets, granite counters, brick wall, bookcases, TV cabinet, and upscale stainless appliances including a Dacor 5 burner cook top, dual Kitchen Aid ovens, and dishwasher! There is also a granite wet bar with Kitchen Aid ice maker across from the kitchen! A "real" mud room complete with huge walk-in pantry, half-bath, and spacious laundry room with beverage cooler! The luxurious owner's "wing" is conveniently located on the main level, complete with amazing Restoration hardware spa bath enhanced by raised tumbled travertine vanity, dual sinks & travertine flooring, Kohler faucets, and gigantic walk-in decorator shower! In addition, the guest bedroom or exec office/library is also on the main level enhanced by brick fireplace and custom cabinetry! Take the stairs to 2 bonus suites with dormer windows and a decorator hall bath right out of a magazine! AND THERE IS MORE...A FULL UNFINISHED BASEMENT FOR STORAGE OR FUTURE EXPANSION, PLUS OVERSIZED 2 CAR GARAGE WITH WORKSHOP AREA ON THE KITCHEN ENTRY LEVEL! NOW FOR THE POND HOUSE: Relax or fish for hours in the pond house...the adorable front porch leads into wide open-vaulted great room surrounded by windows and kitchenette area, all with panoramic water views (Approximately 625 sq ft)! THIS HISTORIC 1938 GUEST COTTAGE is a delightful "walk back in time" and has been preserved to perfection! Totally livable with a great room, open dining, kitchen, 2 bedrooms, bath, and laundry room, separate electric & heat too! THE ENTIRE PROPERTY IS A "TRUE TREASURE" AND "OPPORTUNITY OF A LIFETIME!" PRIME LOCATION WITH QUICK ACCESS TO BROOKS, PEACHTREE CITY, SENOIA, TRILITH, SHOPPING, AND RESTAURANTS! PLEASE COME SEE FOR YOURSELF!
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Location
Property Details
Parking
- Description: Attached, Garage, Garage Door Opener, Kitchen Level, RV/Boat Parking, Side/Rear Entrance, Storage
- Details: Attached, Garage, Garage Door Opener, Kitchen Level, Storage, Boat
- Garage Spaces: 2
- Spaces Total: 2
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Partial): 1
- # of Baths (Total): 2.5
Interior Features
- # of Rooms: 6
- # of Stories: 2
- Basement: Yes
- Basement Description: Concrete
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Brick Veneer
- Roof Type: Gable
- Roof Material: Composition
Land Information
- Land Use: Residential
- Land Use Subtype: Rural/Agricultural
Lot Information
- Parcel ID: 26301003A
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Brick 4 Side
- Year Built: 1970
Tax Information
- Annual Tax: $3,457
Utilities
- Water & Sewer: Private, Well
- Heating: Central
- Cooling: Central Air, Electric, Zoned
Location
- County: Spalding
Listing Details
Investment Summary
- Monthly Cash Flow
- -$7,736
- Cap Rate
- 1.2%
- Cash-on-Cash Return
- -21.4%
- Debt Coverage Ratio
- 0.20
- Internal Rate of Return (5 years)
- -16.7%
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:
| $1,885,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,508,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $377,000 |
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:
| $56,550 |
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:
| $433,550 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,443 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $547 |
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:
| $0.93 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,508,000 |
|---|---|
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:
| 6.625% |
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:
| $9,656 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $288 |
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:
| $10,168 |
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. | 9% | -$288 | -$3,458 |
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. | 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 | 34% | -$1,088 | -$13,058 |
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:
| $1,920 | $23,040 |
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. | -$9,656 | -$115,872 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$7,736 | -$92,832 |