$1,200,000
Investment Summary
- Monthly Cash Flow
- -$4,110
- Cap Rate
- 2.0%
- Cash-on-Cash Return
- -17.9%
- Debt Coverage Ratio
- 0.33
- Internal Rate of Return (5 years)
- -13.3%
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
Where do we start? Famed UGA basketball coach, Hugh Durham, lovingly built this home as his personal estate in 1979. The current owner, only the third, painstakingly restored this southern belle to her former glory and it is SIMPLY BREATHTAKING! Located on almost 4 acres and nestled among other estates on large acreage tracts, enter the property off Old Jefferson Rd via a long winding driveway. There is also access along Walton Creek Rd. With AR zoning and no HOA affiliation, it is permissible for a few horses and stables. A circular driveway provides a grand entrance and plenty of parking for guests in addition to the side-entry two-car garage. As a nod to the original owner & UGA, you'll enter the home 'tween the hedges You can't help but notice the opulent landscaping which is fed automatically with a series of sprinklers (all well-fed). But just wait...there's so much more. A wide brick walkway leads you to the double balconied facade into the welcoming grand foyer. Inside, you are welcomed straight into the pages of Southern Living. Wide heart of pine plank flooring gleam and deep custom molding run throughout the home. Formal dining and living rooms flank the foyer. Thoughtful flow leads your guests to the massive great room with a large wood-burning fireplace and deep wood wainscotting. A large wetbar with granite counters, sink, custom built-ins, and refrigerator nook sits adjacent with a serving window. Tucked quietly beyond, is the 1st of two main-level powder rooms. Accessible through the great room, foyer, and dining room, is the kitchen. Brick flooring and accents, high-end appliances marble countertops, and custom built-ins make it a true chef's dream. Beyond, is the 2nd half-bath and large mudroom/laundry room - again with tons of custom built-ins. A wide rear deck runs the length of the home, overlooking the inground pool and gardens...but we'll get to that later. Upstairs, is the owner's suite with more storage and closets, that you'll need to go shopping to fill them. The bath is a spa-like oasis boasting a steam shower, deep soaking tub, and more custom built-ins. Two additional bedrooms and baths round out the second floor which also has those lovely heart pine floors and deep custom built-ins. The upstairs balcony is accessible from either the owner's suite or the front secondary bedroom - a wonderful place to enjoy your first cup of coffee. On the 3rd level, is a giant suite with sitting area, bedroom, and ensuite bath. Back downstairs to the terrace level, you'll find an unbelievable in-law suite. A gourmet kitchen, walk-in pantry, second laundry room, bedroom, bathroom, stone fireplace with gas starter, huge living room and sunroom area - this is a whole house itself. Per owner, this space is approximately 1500 sf. Large windows and French doors open to the massive patio and pool area. Outside, the owner's green thumb and decorating expertise continues to show. You'll appreciate the vignettes and outside "rooms". A large Martha Stewart garden shows off roses, peonies, fruit trees, raised veggie gardens all protected by deer fencing. Words and pictures just don't do it justice. The landscaping spinklers and pool are fed by well water. Timers and strategically placed water faucet wheels make maintaining the grounds easy for even those of us without green thumbs. Nitty gritty- the home is fed by 4 gas HVAC systems, 3 of which are new with UV light. The fourth one is newer as well. There are 2 gas water heaters - one is new and the other is less than 5 years. All the windows have been replaced by the current owner. All appliances have been replaced. The roof has been recently inspected with the roofer remarking on the quality and hardiness of the materials. Approx, 5,750sf.- this house is beyond solid. This home is remarkable in every way and the owners were reluctant to sell, but a new chapter is calling. Be the one to make this one your next chapter!
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Location
Property Details
Parking
- Description: Attached, Garage Door Opener, Garage, Guest, Kitchen Level, Off Street
- Details: Attached, Garage, Garage Door Opener, Guest, Kitchen Level, Off Street, Parking Pad
- Garage Spaces: 6
- Spaces Total: 6
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 5
- # of Baths (Partial): 3
- # of Baths (Total): 6.0
Interior Features
- # of Rooms: 9
- # of Stories: 3
- Basement: Yes
- Basement Description: Daylight, Exterior Entry, Finished, Full, Interior Entry
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Wood
- Roof Type: Gable
- Roof Material: Composition
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 054008A
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Traditional
- Year Built: 1979
Tax Information
- Annual Tax: $4,541
Utilities
- Water & Sewer: Private, Public, Well
- Heating: Heat Pump, Natural Gas, Central
- Cooling: Electric, Ceiling Fan(s), Central Air, Heat Pump, Zoned, Dual
Location
- County: Clarke
Listing Details
Investment Summary
- Monthly Cash Flow
- -$4,110
- Cap Rate
- 2.0%
- Cash-on-Cash Return
- -17.9%
- Debt Coverage Ratio
- 0.33
- Internal Rate of Return (5 years)
- -13.3%
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:
| $1,200,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$960,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $240,000 |
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:
| $36,000 |
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:
| $276,000 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 5,750 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $209 |
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:
| $0.61 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $960,000 |
|---|---|
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:
| $6,147 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $378 |
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:
| $245 |
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:
| $6,770 |
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:
| $3,500 | $42,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$210 | -$2,520 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,290 | $39,480 |
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. | 11% | -$378 | -$4,541 |
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% | -$245 | -$2,940 |
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% | -$280 | -$3,360 |
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% | -$175 | -$2,100 |
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% | -$175 | -$2,100 |
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 | 36% | -$1,253 | -$15,041 |
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:
| $2,037 | $24,444 |
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. | -$6,147 | -$73,764 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$4,110 | -$49,320 |