$1,590,000
Investment Summary
- Monthly Cash Flow
- -$6,739
- Cap Rate
- 1.1%
- Cash-on-Cash Return
- -22.1%
- Debt Coverage Ratio
- 0.17
- Internal Rate of Return (5 years)
- -17.3%
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
True European Style Estate in Chateau Elan with private and beautifully designed pool and spa. This home offers many unique comforts starting with the private setting. The front view is a wooded green space. The rear view has a babbling brook and wooded green space buffers the golf course. The sides of the back yard are lined with mature evergreen trees that make the pool space completely secluded. House is 8800SF and has bedrooms on every level each with their own ensuite and extra large closet spaces. A dramatic entrance with arched double metal doors opens up to a vaulted Foyer with a curved stairway. The coffered great room has a signature stone fireplace to ceiling. Tons of light from walls of windows adorn all of the back rooms and frames the views of the green space, the flagstone stone balcony and the pool area. Huge open area kitchen with oversized island that has seating for 8 and a hidden access to the pantry built into the custom cabinetry. Casual eating area displays the outside views. The vaulted and beamed keeping room with custom built-ins and a massive stone fireplace create a casual elegance to the area. A separate kitchen office can be used for a convenient place to pay bills and keep the clutter out of the open area. Second entrance from 3 car garage area has a mud room, half bath and a coffee service / wine bar area. Several rooms feature wood built-ins including the expansive Office/Study/ Library. This room is filled with windows for lots of light and views of the front greenway. A main level bedroom with ensuite provides convenience and features private double door access to the rear elevated balcony. The top floor has a very large master suite with fireplace, built in bookshelves and double French doors that open to a private covered balcony. The trey ceiling gives the room even more style and a sense of space. Ensuite has custom stone surfaces, a full size soaking tub and a large walk-in shower with seating. A huge room sized closet with built in cabinetry provides plenty of space for any clothes connoisseur. Three additional top floor bedrooms all feature ensuite baths, large closets and dramatic ceilings. Heading downstairs, you will find a second curved staircase with rounded landing area that really shows off the wood stairs and basement floors. Entertainment is easy in the large central family room looking to the pool area, also with a fireplace. The open floor plan leads to a bar with a sink, dishwasher, ice maker and microwave. Entertain while the family is in the pool or sauna. A bonus room with extensive built ins is right next to the bar area and may be used as another office or craft room. The 6th Bedroom with ensuite is on the other side and has its own entry to the pool area. The entertainment space is enhanced by an intimate home theater room. The terrace level enjoyment package is completed with a large billiards room including custom built-in storage and floor to ceiling bookshelves with a rolling ladder. Membership in the Legends Country Club included with purchase. Enjoy the many amenities in the gated neighborhood including (3) 18-hole golf courses, par 3 course, tennis courts, tennis instruction and leagues, pickleball, playground, junior Olympic sized pool & kiddie pool, dog park and numerous clubs and activities. The community is golf cart friendly inside the community and outside the community via the Braselton Life Path that connects to local restaurants, retail, services, other communities and even the Northeast Georgia Hospital and Medical Campus. Highly rated public schools are Duncan Creek Elementary, Osborne Middle, and Mill Creek High School.
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Location
Property Details
Parking
- Description: Attached, Garage, Garage Door Opener, Garage Faces Side, Level Driveway
- Details: Driveway, Garage, Garage Door Opener, Garage Faces Front, Garage Faces Side, Kitchen Level, Parking Pad
- Garage Spaces: 3
- Spaces Total: 6
Bedroom Information
- # of Bedrooms: 6
Bathroom Information
- # of Baths (Full): 6
- # of Baths (Total): 7.0
Interior Features
- # of Rooms: 10
- # of Stories: 3
- Attic: Yes
- Basement: Yes
- Basement Description: Daylight, Exterior Entry, Finished, Full, Walk-Out Access
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Brick
- Foundation: Concrete Perimeter, Slab
- Roof Type: Gable or Hip
- Roof Material: Composition
- Pool: Yes
HOA
- Has HOA: Yes
- HOA Fee: $575/monthly
- Additional HOA Fee: $550/quarterly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: R3005678
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: European
- Year Built: 2008
Tax Information
- Annual Tax: $14,607
Utilities
- Water & Sewer: Public
- Heating: Central, Natural Gas
- Cooling: Ceiling Fan(s), Central Air, Electric
Location
- County: Gwinnett
Listing Details
Investment Summary
- Monthly Cash Flow
- -$6,739
- Cap Rate
- 1.1%
- Cash-on-Cash Return
- -22.1%
- Debt Coverage Ratio
- 0.17
- Internal Rate of Return (5 years)
- -17.3%
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:
| $1,590,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,272,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $318,000 |
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:
| $47,700 |
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:
| $365,700 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 0 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| n/a |
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:
| n/a |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,272,000 |
|---|---|
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:
| $8,145 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,217 |
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:
| $343 |
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:
| $9,705 |
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:
| $4,900 | $58,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$294 | -$3,528 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,606 | $55,272 |
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. | 25% | -$1,217 | -$14,607 |
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% | -$343 | -$4,116 |
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% | -$392 | -$4,704 |
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% | -$245 | -$2,940 |
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% | -$245 | -$2,940 |
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. | 15% | -$758 | -$9,096 |
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 | 65% | -$3,200 | -$38,403 |
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:
| $1,406 | $16,872 |
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. | -$8,145 | -$97,740 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $6,739 | $80,868 |