$1,498,000
Investment Summary
- Monthly Cash Flow
- -$5,949
- Cap Rate
- 1.4%
- Cash-on-Cash Return
- -20.7%
- Debt Coverage Ratio
- 0.22
- Internal Rate of Return (5 years)
- -16.0%
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 home to this custom-designed luxury retreat nestled in the heart of the coveted Vickery community. Every corner of this home has been thoughtfully curated with high-end finishes, showcasing a wonderful balance of modern aesthetics and timeless elegance. This storybook residence, complete with a charming cedar shake roof and grand front porch, beckons you to come sit and rock the day away. Step inside to expansive living and dining spaces that flow seamlessly beginning in the stunning gallery foyer that opens up to an elegantly designed dining room adorned with dramatic scenic wallpaper that feels like plaster as you move your hand across it, evoking a sense of history juxtaposed against a striking crystal and antler chandelier - truly a standout feature of the home. Balancing the opulent dining area is a formal living room designed to perfection with coordinating silk draperies and gorgeous lighting that flows and compliments each other flawlessly. Moving to the rear of the home, natural light continues to pour throughout this home with expansive windows and doors and its here you will find the heart of the home. A remodeled bright white kitchen with stainless steel appliances and floor to ceiling cabinetry adorned with glass doors and led lighting for ambiance opens up to a cozy family room with fireplace and a hidden built in bar that sparkles when open. Additional storage, large pantry and wine cooler can be found in the butler's pantry with with its reflective metallic wall coverings that create a dazzling, luminous effect. Walk outside to your level backyard with stone terraces, offering three different entertaining areas and loads of lush greenery for a private and serene setting. Make your way through the kitchen and up a few steps to a large guest suite complete with a beautiful brand new marble bathroom. Rounding out the main level living is a half bath with charming antique sink base and chic fawn wall covering. Moving up the grand staircase with floor to ceiling millwork and a gorgeous crystal chandelier, you will find design driven details in the primary suite, with a dramatic amount of custom draperies and a spa like retreat bathroom that is marble lovers dream. Just remodeled this year, the bathroom includes a soaking tub, frameless shower, custom cabinetry, custom walk in closet and beautiful lighting. The laundry room, also remodeled this year, is located conveniently next to the primary suite with its custom cabinetry and nostalgic lilac floral wall covering. Rounding out the second floor are two expansive secondary bedrooms that share a large jack and jill bathroom. Last but certainly not least, is the full finished terrace level with reclaimed beams, an additional charming bedroom, a home office, another remodeled full bathroom and an oversized entertaining space complete with built in bunks for overflow guests. Extraordinary attention to detail has been given throughout. This home is ideally situated in the heart of Vickery's live-work-play community, where residents enjoy premier amenities - including two catch-and-release ponds, resort style pool with cabanas, tennis and pickle ball courts, basketball courts, scenic walking trails and a charming mix of shops, restaurants, the YMCA, wellness centers and a local brewery, all within walking distance. Located in award-winning Forsyth County Schools and convenient to GA-400. This home has been cherished and meticulously cared for by its owners. Now it is time to pass the torch to the next fortunate owners. Don't miss this rare opportunity to own a bespoke, professionally designed, charming home that is primed and ready for effortless living.
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Location
Property Details
Parking
- Description: Garage
- Details: Attached, Driveway, Garage, Garage Door Opener, Garage Faces Front, On Street
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Partial): 1
- # of Baths (Total): 5.0
Interior Features
- # of Stories: 3
- Basement Description: None
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Other
- Foundation: Pillar/Post/Pier
- Roof Material: Shingle
HOA
- Has HOA: Yes
- HOA Fee: $1,500/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 058325
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Cottage
- Year Built: 2004
Tax Information
- Annual Tax: $10,109
Utilities
- Water & Sewer: Public
- Heating: Central, Forced Air
- Cooling: Central Air
Location
- County: Forsyth
Listing Details
Investment Summary
- Monthly Cash Flow
- -$5,949
- Cap Rate
- 1.4%
- Cash-on-Cash Return
- -20.7%
- Debt Coverage Ratio
- 0.22
- Internal Rate of Return (5 years)
- -16.0%
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:
| $1,498,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,198,400 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $299,600 |
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:
| $44,940 |
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:
| $344,540 |
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:
| $1,198,400 |
|---|---|
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:
| $7,673 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $842 |
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:
| $273 |
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:
| $8,788 |
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:
| $3,900 | $46,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$234 | -$2,808 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,666 | $43,992 |
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. | 22% | -$842 | -$10,109 |
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% | -$273 | -$3,276 |
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% | -$312 | -$3,744 |
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% | -$195 | -$2,340 |
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% | -$195 | -$2,340 |
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% | -$125 | -$1,500 |
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 | 50% | -$1,942 | -$23,309 |
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:
| $1,724 | $20,688 |
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. | -$7,673 | -$92,076 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $5,949 | $71,388 |