$1,475,000
Investment Summary
- Monthly Cash Flow
- -$3,487
- Cap Rate
- 3.3%
- Cash-on-Cash Return
- -12.3%
- Debt Coverage Ratio
- 0.54
- Internal Rate of Return (5 years)
- -7.9%
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
Live the Chateau Life! Welcome home to this estate home in the Legends section of the gated golf course/resort community of Chateau Elan. The Legends section of the neighborhood offers wonderful privacy as it is a separately gated estate section of the already gated community and this section is surrounded by the completely private 18 hole Legends Golf Course and the Legends Clubhouse/Restaurant/Driving Range and facilities. You will fall in love at first site, perfectly situated on a large lot that allows for a long driveway to accommodate guests and provide privacy from the street. The timeless European elegance has been infused with today's design trends making for a very warm and comfortable home both inside and out. Double entry doors welcome you into the 2 story foyer with a grand staircase, to the left is the wood paneled private office/den and to the right is the large dining room. Also from the foyer you are greeted with views into the 2 story fireside Great Room with a wall of windows overlooking the gorgeous gardens, pool/spa and golf course views. The main level also offers a completely updated kitchen, keeping room, breakfast room, laundry, friendship door from the driveway area, powder room and the large Owner's Suite. Upstairs are 3 secondary bedrooms, two share a Jack/Jill style bath with separate vanity areas and the other is an ensuite. Also upstairs is a Bonus Room that is perfect for a kid's hang out, hobby area or etc. The finished terrace level offers a guest bedroom, full bath, entertainment and billiard space, flex room perfect for in-home gym and there is still plenty of room that is unfinished for storage or create your ideal Theatre Room or other space. The flow to the outdoor living space of the home allows for year-round enjoyment. The covered veranda level is extended out to allow for pure sunshine when you want it and stairs to the lovely pool and spa area that is surrounded by beautiful gardens and overlooks a picturesque view of the Legends golf course. The homeowner has done an excellent job of opening up the views but keeping the trees to add some privacy while enjoying the pool. Homes like this are hard to find.....incredible lot, great neighborhood, timeless European design with gorgeous millwork that is hard to duplicate today, great area that is convenient to I-85 and all the ATL has to offer but when you are home it is a peaceful, relaxing setting with plenty of activities to enjoy and in a friendly neighborhood community with a small town feel. Please note that this home does require a Full Legends Golf Club membership. The Legends course is completely private and truly has a capped membership which allows for a true golf club experience. Included in the membership is access to the neighborhood Sports Club which includes tennis courts, Junior Olympic Sized pool, Kiddie Pool, Sports Fields, Gymnasium/Indoor Basketball/Pickleball Courts, indoor walking track, fitness facilities (weights and cardio) and fitness classes. The neighborhood also offers a Dog Park, Playground, two other 18 hole golf courses, driving range, 3 par course and the neighborhood is adjacent to the Chateau Elan Resort, Winery and Spa. Another unique feature of Chateau Elan is the golf cart friendly environment within the neighborhood, resort and the surrounding areas via the Braselton LifePath. So yes, you can literally take your golf cart to the grocery store, restaurants, various services, other neighborhoods and even to to the nearby Northeast Georgia Medical Center Campus/Hospital.
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Location
Property Details
Parking
- Description: Attached, Garage, Garage Door Opener, Garage Faces Side, Kitchen Level, Level Driveway, Parking Pad
- Details: Attached, Garage, Garage Faces Rear, Garage Faces Side
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Total): 5.0
Interior Features
- # of Rooms: 10
- # of Stories: 3
- Basement: Yes
- Basement Description: Exterior Entry, Finished, Full, Interior Entry, Walk-Out Access
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Block
- Roof Type: Gable or Hip
- Roof Material: Composition
HOA
- Has HOA: Yes
- HOA Fee: $3,000/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: R3005B046
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: European, Traditional
- Year Built: 1998
Tax Information
- Annual Tax: $14,412
Utilities
- Water & Sewer: Public
- Heating: Natural Gas, Zoned
- Cooling: Electric, Zoned
Location
- County: Gwinnett
Listing Details
Investment Summary
- Monthly Cash Flow
- -$3,487
- Cap Rate
- 3.3%
- Cash-on-Cash Return
- -12.3%
- Debt Coverage Ratio
- 0.54
- Internal Rate of Return (5 years)
- -7.9%
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:
| $1,475,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,180,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $295,000 |
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:
| $44,250 |
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:
| $339,250 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 6,719 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $220 |
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:
| $1.19 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,180,000 |
|---|---|
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:
| $7,556 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,201 |
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:
| $560 |
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:
| $9,317 |
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:
| $8,000 | $96,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$480 | -$5,760 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $7,520 | $90,240 |
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. | 15% | -$1,201 | -$14,412 |
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% | -$560 | -$6,720 |
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% | -$640 | -$7,680 |
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% | -$400 | -$4,800 |
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% | -$400 | -$4,800 |
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% | -$250 | -$3,000 |
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 | 43% | -$3,451 | -$41,412 |
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:
| $4,069 | $48,828 |
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. | -$7,556 | -$90,672 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $3,487 | $41,844 |