$695,000
Investment Summary
- Monthly Cash Flow
- -$2,503
- Cap Rate
- 1.8%
- Cash-on-Cash Return
- -18.8%
- Debt Coverage Ratio
- 0.30
- Internal Rate of Return (5 years)
- -14.2%
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
Private Eastside Retreat on 3.42 Acres Convenient to Athens, Watkinsville & Wire Park! Welcome to 5620 Barnett Shoals Road, a beautifully renovated and spacious residence tucked away on 3.42 private, wooded acres. Located on the Eastside of Athens, this home offers quick access to Athens, Watkinsville and Wire Park, combining seclusion with convenience. This expansive home boasts over 5,500 square feet of living space, spread across three levels, including a fully finished terrace level. A gated entrance with brick pillars leads you up a scenic, tree-lined driveway to a two-car garage with ample additional parking and dedicated pads. Step onto the charming stone front patio and enter into a welcoming foyer. Site-finished hardwood floors, recently refinished in 2024, flow through the main living areas. To the left of the foyer is a spacious dining room with a large picture window, while straight ahead, the living room features a vaulted ceiling, stone wood-burning fireplace, and built-in bookcases, all illuminated by natural light from the wall of rear windows. The open-concept kitchen connects seamlessly to the living room and includes custom cabinetry, granite countertops, a breakfast bar, and chef-grade stainless steel appliances, including a commercial-grade range with a striking stainless hood. The adjacent breakfast nook is surrounded by windows, offering beautiful views and abundant light. Just off the breakfast area, youll find a private entrance to the main-level primary suite, which includes new carpet, a tray ceiling, ceiling fan, direct access to the covered deck, and a luxurious ensuite bathroom with two vanities, a large soaking tub, separate walk-in shower, and a generous walk-in closet that leads directly into the laundry room, designed with convenience in mind. Also on the main level is a powder room, hall closets, and access to the garage and the laundry room with built-ins and a sink. Upstairs, youll find three bedrooms and two full bathrooms, arranged around a loft landing. Two bedrooms share a Jack-and-Jill bath, with one room enjoying a private vanity and walk-in closet. The third bedroom is oversized, featuring two large closets and a private ensuite bathroom. All bedrooms include ceiling fans, and the bathrooms offer generous counter space. The terrace level is perfect for entertaining or multigenerational living, featuring a large game room/family room with a fireplace and built-in shelves, a wet bar with a live-edge wood countertop, a wine cellar with a sink, a large bedroom, a full bath, and a light-filled walk-out to the covered patio. New carpet throughout the basement enhances comfort and style. Outdoor living is equally impressive. From the main-level covered deck, complete with grilling stations, to the brick fireplace and chimney in the backyard, the home is designed to host gatherings with ease and elegance. The spacious deck can accommodate both an outdoor living room and dining area. The property also includes two mature peach trees that produce fruit every year, and it attracts an abundance of wildlife, including frequent deer sightings, making it feel like a true nature retreat. Additional features include a storage building, updated interior finishes throughout, and a thoughtful layout perfect for families, entertainers, or anyone seeking space and privacy near town. Don't miss the opportunity to own this unique Eastside gem where luxury, comfort, and privacy meet in a truly unbeatable location.
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Location
Property Details
Parking
- Description: Attached Garage
- Details: Attached, Garage, Garage Door Opener, Off Street, Parking Pad
- Garage Spaces: 6
- Spaces Total: 6
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Partial): 1
- # of Baths (Total): 4.5
Interior Features
- # of Stories: 1
- Basement: Yes
- Basement Description: Daylight, Exterior Entry, Finished, Full, Interior Entry
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Rock, Stone
- Roof Type: Gable or Hip
- Roof Material: Composition
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 262007F
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Traditional
- Year Built: 2002
Tax Information
- Annual Tax: $8,013
Utilities
- Water & Sewer: Private, Well
- Heating: Heat Pump, Central, Electric, Forced Air
- Cooling: Ceiling Fan(s), Central Air, Dual, Electric, Heat Pump
Location
- County: Clarke
Listing Details
Investment Summary
- Monthly Cash Flow
- -$2,503
- Cap Rate
- 1.8%
- Cash-on-Cash Return
- -18.8%
- Debt Coverage Ratio
- 0.30
- Internal Rate of Return (5 years)
- -14.2%
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:
| 5,529 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $126 |
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:
| $0.45 |
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:
| 6.625% |
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:
| $3,560 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $668 |
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:
| $175 |
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:
| $4,403 |
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:
| $2,500 | $30,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$150 | -$1,800 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,350 | $28,200 |
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. | 27% | -$668 | -$8,013 |
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% | -$175 | -$2,100 |
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% | -$200 | -$2,400 |
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% | -$125 | -$1,500 |
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% | -$125 | -$1,500 |
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 | 52% | -$1,293 | -$15,513 |
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:
| $1,057 | $12,684 |
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. | -$3,560 | -$42,720 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$2,503 | -$30,036 |