$1,700,000
Investment Summary
- Monthly Cash Flow
- -$4,221
- Cap Rate
- 3.2%
- Cash-on-Cash Return
- -13.0%
- Debt Coverage Ratio
- 0.52
- Internal Rate of Return (5 years)
- -8.5%
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
Custom Luxury Living in Sought-After Governors Towne Club! Tucked away on a private cul-de-sac lot, this custom 6 bed / 6.5 bath estate offers refined living with exceptional amenities just steps away! Designed for versatility and comfort, this home lives like a ranch with two spacious bedrooms on the main level. Solid white oak hardwoods throughout greet you as you enter. The serene primary suite features vaulted ceilings with custom floating beam work with a sliding glass door leading out to the covered and screened in back patio. The spa-like master bathroom features soaring vaulted ceilings with floating beams, custom on site hand built cabinetry, insulated soaking tub, oversized shower with body jets and a rain shower head. The gourmet kitchen is a chef's dream with custom soft-close cabinetry, quartz countertops, professional-grade Jenn Air Appliances, white oak panel ready fridge and dishwasher, vent hood, stone slab backsplash, oversized island with 2 inch mitered edge, dual trash pull-out, recessed lighting, and a walk-in pantry with full-height custom shelving. The inviting living room features a floor-to-ceiling custom Cast Stone fireplace with floating shelves, custom beam work, 8-foot sliding doors that open to the covered and screened back patio complete with stone floors, tongue-and-groove ceiling and a floor to ceiling chevron pattern wood-burning fireplace. The large vaulted dining room has tongue and groove ceilings with beam work and oversized windows. Also on the main level is a private office that can be used as a guest bedroom which also shares the full tiled guest bathroom with custom cabinetry, large custom shower that is tiled to the ceiling, frameless glass and satin brass fixtures. The flat, private backyard is perfectly suited to accommodate a pool, creating the ultimate outdoor retreat. Upstairs, you'll find all three en-suite spacious bedrooms, a loft/playroom, and a bright skylit bonus room with soaring vaulted ceilings. The three spacious spa-like bathrooms feature quartz counters, tile floors, custom cabinetry, floor-to-ceiling tile showers, frameless glass and designer plumbing fixtures. The full daylight finished basement is an entertainer's dream, offering 10ft ceilings, a media room equipped with all pre-wiring, a bar/lounge area with shiplap and wall sconces, living room with a brick fireplace to the ceiling, white oak shelving and 8 ft sliders leading out to the covered deck and back yard. The fitness room has commercial grade rubber flooring and shares the fully tiled bathroom. A game/card/dining area off the living room along with a half bath with a custom tile accent wall and a golf simulator room. The 900 square foot oversized three car garage with remote access was professionally epoxy'd and has dedicated space for your golf cart. Additional custom features include spray foam insulation, plantation shutters, trim and crown molding throughout, sky lights, LVP flooring, white oak treads, hand-built custom cabinetry, and countless designer upgrades throughout. This home is a true masterpiece, custom built, move-in ready, and made for luxurious everyday living! Located in top-rated Cobb County Schools, with tax incentives available for qualifying homeowners, this property is a rare opportunity to own a one-of-a-kind custom home in one of Georgia's most prestigious neighborhoods. Close to shopping, restaurants & hiking trails. The centerpiece of this gated country club community is a world class 18 hole golf course designed by two-time U.S. Open champion Curtis Strange. Governors Towne club offers amenities for the whole family including a full service Clubhouse, Day Spa, Tennis & Aquatic facilities. Membership at Governors Towne Club offers you a Championship 18 hole golf course, Elegant Clubhouse with three dining rooms, a men's only grille, Fitness Center, as well as Tennis and Pool facilities complete with an Activity Center.
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Location
Property Details
Parking
- Description: Garage Door Opener, Garage Faces Side, Level Driveway
- Details: Garage, Garage Door Opener, Kitchen Level
- Garage Spaces: 3
- Spaces Total: 3
Bedroom Information
- # of Bedrooms: 6
Bathroom Information
- # of Baths (Full): 6
- # of Baths (Partial): 1
- # of Baths (Total): 6.5
Interior Features
- # of Stories: 3
- Basement: Yes
- Basement Description: Daylight, Exterior Entry, Finished, Interior Entry
- Fireplace: Yes
Exterior Features
- Foundation: Block
- Roof Material: Composition
HOA
- Has HOA: Yes
- HOA Fee: $3,200/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Planned Unit Development
Lot Information
- Parcel ID: 20003800120
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Brick 4 Side, Contemporary, Other, Traditional
- Year Built: 2024
Tax Information
- Annual Tax: $2,563
Utilities
- Water & Sewer: Public
- Heating: Central
- Cooling: Ceiling Fan(s), Central Air, Zoned
Location
- County: Cobb
Listing Details
Investment Summary
- Monthly Cash Flow
- -$4,221
- Cap Rate
- 3.2%
- Cash-on-Cash Return
- -13.0%
- Debt Coverage Ratio
- 0.52
- Internal Rate of Return (5 years)
- -8.5%
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:
| $1,700,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,360,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $340,000 |
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:
| $51,000 |
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:
| $391,000 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 6,247 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $272 |
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:
| $1.15 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,360,000 |
|---|---|
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:
| $8,708 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $214 |
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:
| $504 |
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:
| $9,426 |
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:
| $7,200 | $86,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$432 | -$5,184 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $6,768 | $81,216 |
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. | 3% | -$214 | -$2,563 |
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% | -$504 | -$6,048 |
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% | -$576 | -$6,912 |
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% | -$360 | -$4,320 |
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% | -$360 | -$4,320 |
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. | 4% | -$267 | -$3,204 |
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 | 32% | -$2,281 | -$27,367 |
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:
| $4,487 | $53,844 |
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. | -$8,708 | -$104,496 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $4,221 | $50,652 |