$1,540,000
Investment Summary
- Monthly Cash Flow
- -$5,733
- Cap Rate
- 1.7%
- Cash-on-Cash Return
- -19.4%
- Debt Coverage Ratio
- 0.27
- Internal Rate of Return (5 years)
- -14.8%
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 your dream home in the heart of Hoschton! Bring your RV, Boat, and all the vehicles with plenty of parking space and NO HOA. This exquisite quality built residence offers endless possibilities with 1.7 beautifully level landscaped acres. NEW ROOF, NEW WATER HEATERS, AND ALL 3 HVAC SYSTEMS ARE NEWER. Plenty of space for the entire family with almost 6500sq.ft., 5 oversized bedrooms and 5 bathrooms. Easy access to the entire home with your own TOWNHOME STYLE ELEVATOR!! As you enter the home you are greeted with a huge front porch, 2 story foyer, great room with 18 foot wooded ceilings and plenty of natural light, 16 by 14 dining room, gourmet kitchen that is a chef's dream, featuring custom built cabinets with lighting, granite, double farm sink with touch control faucet, Island with a vegetable sink, Double Sub-Zero refrigerator/freezer with matching cabinetry doors, 6-burner Thermador Gas range, Thermador Double Oven, warming drawer, Built-in Gaggenau deep fryer, Sub-Zero wine cooler, and a spacious walk-in pantry. Large keeping room with a wood burning fireplace and 16 foot sliding doors to enjoy a great view of the private backyard and wildlife. Office on the main level with built in bookshelves. Master ensuite on the main level with french doors to the back patio, master bathroom features his and hers walk in closets, double vanity, dressing vanity, spacious jacuzzi tub, and walk in shower. You will love the antique heart pine floors throughout the main level, great room ceiling, and upper floor hallways and sitting area. The heart pine, sourced from a 200-year-old warehouse in Savannah, GA. Upstairs has 2 en suites with their own private bathrooms and large walk in closets. 2 other spacious bedrooms and another bathroom are perfect for a large multigenerational family. Also, a large sitting area overlooking the family room below. Unfinished basement is stubbed with walls, kitchen/bar, full bath, bedroom, and powder room. Gas-log fireplace is also in the basement and matches the fireplace in the great room. Ready for the new owners to add the finishing touches. Ground level rear garage with utility sink is accessible from the basement, perfect for lawn equipment/tools/storage. One of the best features of the home is the back deck running the length of the home on the main level and basement and has 2 covered areas, the deck is made of steel and concrete. Perfect area to enjoy the private backyard and heavily landscaped green space (Zoysia grass) and variety of unique trees and plants. Best of all the irrigation system is ran off the well water from the well located by the beautiful southern garden home perfect for storage. This truly is a gardeners paradise or someone that wants to enjoys the outdoors. Landscape tree-lights. Plenty of parking space for the camper, boat, or extra vehicles. GAS GENERAC is only a few years old. Great location with easy access to HWY85, shopping, restaurants, and excellent Jackson County schools. LOTS 1 and 3 are currently listed on mls. You can buy the entire 5 acres with 465 feet of road frontage. Perfect for a multifamily property!!!
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Location
Property Details
Parking
- Description: Attached, Driveway, Garage, Garage Door Opener, Garage Faces Side, Kitchen Level, Level Driveway
- Details: Garage, Parking Pad
- Garage Spaces: 5
- Spaces Total: 5
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Partial): 1
- # of Baths (Total): 4.5
Interior Features
- # of Stories: 2
- Basement: Yes
- Basement Description: Daylight, Full, Unfinished
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Wood
- Roof Type: Hip
- Roof Material: Other
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 120011A
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Traditional
- Year Built: 2002
Tax Information
- Annual Tax: $15,528
Utilities
- Water & Sewer: Public
- Heating: Central
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Jackson
Listing Details
Investment Summary
- Monthly Cash Flow
- -$5,733
- Cap Rate
- 1.7%
- Cash-on-Cash Return
- -19.4%
- Debt Coverage Ratio
- 0.27
- Internal Rate of Return (5 years)
- -14.8%
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:
| $1,540,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,232,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $308,000 |
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:
| $46,200 |
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:
| $354,200 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 6,475 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $238 |
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:
| $1,232,000 |
|---|---|
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:
| $7,889 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,294 |
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:
| $350 |
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:
| $9,533 |
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:
| $5,000 | $60,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$300 | -$3,600 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,700 | $56,400 |
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. | 26% | -$1,294 | -$15,528 |
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% | -$350 | -$4,200 |
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% | -$400 | -$4,800 |
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% | -$250 | -$3,000 |
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% | -$250 | -$3,000 |
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 | 51% | -$2,544 | -$30,528 |
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:
| $2,156 | $25,872 |
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. | -$7,889 | -$94,668 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $5,733 | $68,796 |