$2,349,000
Investment Summary
- Monthly Cash Flow
- -$11,694
- Cap Rate
- 0.2%
- Cash-on-Cash Return
- -26.0%
- Debt Coverage Ratio
- 0.03
- Internal Rate of Return (5 years)
- -21.0%
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 to 6326 Point Twenty Two in Gainesville, Georgia-a custom-built lakefront estate that defines luxury living on Lake Lanier. Designed and constructed by the owner/builder with impeccable attention to detail, this home offers the rare combination of timeless craftsmanship, thoughtful design, and unbeatable lake access, all situated on a beautifully manicured 2-acre corner lot. From the moment you arrive, the wide, welcoming foyer sets the tone for the elegance found throughout. The main level boasts a formal living room, a spacious office, and a grand open-concept layout anchored by a chef's kitchen with an oversized island and a butler's pantry. Three fireplaces throughout the property add warmth and ambiance, while the flowing floorplan offers multiple living and gathering spaces. The main level also features one of two master suites, offering convenience and flexability. Upstairs, you'll find a second master retreat that feels like a private spa-complete with a sitting area, a soaking tub, seamless glass shower with double showerheads, and generous closet space. An additional upstairs living area with built-ins provides flexibility for work or play. This home was designed for multi-generational living, with a finished terrace level that lives like a second home. The terrace includes two bedrooms, a full kitchen, spacious living area, and even a secure safe room-ideal for an in-law suite or guest accommodations. Additional upgrades include a whole-house water heater for efficiency and comfort on every level, exceptional over-engineered concrete foundation and all exterior walls and roof are insulated with spray foam. Outdoor living is the heart of this property. A saltwater pool is complemented by a pool house with its own bathroom and grilling station, all designed to make entertaining effortless. The covered outdoor lounge with a fireplace invites you to relax year-round. The flat backyard leads to a wide, level path-large enough for a golf cart or car-that takes you to your brand-new, deep-water dock with boat lift. With 86 feet of private lake frontage, boating, swimming, and sunset watching are just steps away. Car enthusiasts will love the seven garage bays, including a 30-foot-deep main-level bay, perfect for oversized vehicles or boats. The detached carriage house offers even more potential, with unfinished space above the garage ready to be transformed into a guest apartment or private studio. Ideally located between I-985 and GA 400 and convenient to shopping, dining, and medical centers, this property offers the rare chance to own a builder-designed lake estate that feels better than new construction. No HOA, but rather minimal covenants that protect the value of the neighborhood. Home is situated in a beautiful the Waterside community of like-styled lake homes. Every feature has been curated for comfort, luxury, and seamless lake living. 6326 Point Twenty Two isn't just a home-it's a lifestyle.
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Location
Property Details
Parking
- Description: Attached, Garage, Kitchen Level, Side/Rear Entrance
- Details: Detached, Garage, Garage Door Opener, Kitchen Level
- Garage Spaces: 7
- Spaces Total: 7
Bedroom Information
- # of Bedrooms: 6
Bathroom Information
- # of Baths (Full): 5
- # of Baths (Partial): 1
- # of Baths (Total): 5.5
Interior Features
- # of Stories: 3
- Basement: Yes
- Basement Description: Daylight, Exterior Entry, Finished, Full, Interior Entry
- Fireplace: Yes
Exterior Features
- Roof Material: Composition
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential (Assumed)
Lot Information
- Parcel ID: 10009A000017A
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Traditional
- Year Built: 2024
Tax Information
- Annual Tax: $9,175
Utilities
- Water & Sewer: Public
- Heating: Central
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Hall
Listing Details
Investment Summary
- Monthly Cash Flow
- -$11,694
- Cap Rate
- 0.2%
- Cash-on-Cash Return
- -26.0%
- Debt Coverage Ratio
- 0.03
- Internal Rate of Return (5 years)
- -21.0%
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:
| $2,349,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,879,200 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $469,800 |
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:
| $70,470 |
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:
| $540,270 |
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:
| $1,879,200 |
|---|---|
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:
| $12,033 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $765 |
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:
| $112 |
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:
| $12,910 |
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:
| $1,600 | $19,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$96 | -$1,152 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $1,504 | $18,048 |
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. | 48% | -$765 | -$9,175 |
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% | -$112 | -$1,344 |
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% | -$128 | -$1,536 |
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% | -$80 | -$960 |
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% | -$80 | -$960 |
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 | 73% | -$1,165 | -$13,975 |
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:
| $339 | $4,068 |
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. | -$12,033 | -$144,396 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$11,694 | -$140,328 |