$2,395,000
Investment Summary
- Monthly Cash Flow
- -$8,900
- Cap Rate
- 1.7%
- Cash-on-Cash Return
- -19.4%
- Debt Coverage Ratio
- 0.27
- Internal Rate of Return (5 years)
- -14.7%
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 a Rare Opportunity for Exceptional Lakefront Living on the South End of Lake Lanier with the ability to be sold turn-key furnished. This stunning craftsman lakefront estate, is behind secure gates on one of Lake Lanier's most coveted private point lots. Positioned on the sought-after south end of Lake Lanier, this exceptional property provides the perfect blend of tranquility and accessibility. Mere minutes from marinas, charming lakeside restaurants, and the convenience of the city of Buford, known for its boutique shopping and modern amenities. Independence Day becomes an unforgettable celebration as you watch the July 4th fireworks over Lake Lanier Islands, all from the comfort of your own private dock. This point lot's gentle slope offers rare, easy access to the lake. At the heart of your waterfront lifestyle is a (four-year-new), deep water Wahoo dock, 32' x 32', complete with a party deck for sun-soaked afternoons and starlit gatherings. A boat slip and slip for two jet ski hoists are ready for spontaneous fun, while enjoying the unobstructed 250-degree view across the deep-water channel. A craftsman home with three luxurious levels, this extraordinary residence has been designed for both grand entertaining and intimate family living. The three finished levels offer nearly endless flexibility and space. The main level sets the stage with an open concept plan that seamlessly connects the luxury kitchen, dining area, and great room. A chef's kitchen, well-appointed with top-tier stainless appliances, including a Wolf gas range and Subzero refrigerator. An expansive central island opens to the adjacent dining area and great room, where soaring two-story vaulted tongue-and-groove ceilings and a masonry stone fireplace. Walls of windows flood the space with natural light and frame breathtaking views of the water, ensuring that lake vistas are always a part of your daily experience. Retreat to the primary suite, designed for relaxation and rejuvenation. The accompanying spa-inspired bathroom features a steam shower. For those who work from home or crave a quiet space for reflection, the home office-complete with inspiring lake view. The sunroom and expansive covered porches invite you to begin each day with panoramic sunrise views, a steaming mug of coffee, and the peace that only lake living can provide. Upstairs, three generously sized bedrooms ensure that guests and family enjoy privacy, comfort and lake views. Among these is a second primary suite. The fully finished terrace level transforms the home from extraordinary to exceptional. Here, a second kitchen opens opportunities for multi-generational living or effortless entertaining. Gather with friends in the spacious living area, or indulge your passion for fine wines in the dedicated wine cellar. The terrace level opens directly onto a sprawling covered patio, where you can savor cool lake breezes and the gentle sounds of nature. A workshop provides space for hobbies or projects, while an additional outdoor shed is ready to store all your boating and lake toys. Each floor is equipped with its own laundry. The absence of an HOA ensures freedom and flexibility, while the home's Buford address brings the benefit of low Hall County taxes-a remarkable value for such a prestigious location. Recent updates include five newer HVAC units and plush new carpeting in all bedrooms as of 2022. The property also features extensive storage solutions, with a terrace level workshop and outdoor shed designed for all your equipment and lake essentials.
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Location
Property Details
Parking
- Description: Garage, Garage Faces Front, Kitchen Level
- Details: Attached, Garage, Garage Door Opener, Kitchen Level
- Garage Spaces: 2
- Spaces Total: 2
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 6
- # of Baths (Total): 6.0
Interior Features
- # of Rooms: 5
- # of Stories: 2
- Basement: Yes
- Basement Description: Concrete, Daylight, Finished, Full
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Fiber cement siding (Hardi-board/Hardi-plank
- Roof Type: Gable or Hip
- Roof Material: Composition
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 07360A000022
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Craftsman, Traditional
- Year Built: 1987
Tax Information
- Annual Tax: $17,542
Utilities
- Water & Sewer: Public
- Heating: Central, Forced Air, Heat Pump, Zoned
- Cooling: Ceiling Fan(s), Central Air, Zoned
Location
- County: Hall
Listing Details
Investment Summary
- Monthly Cash Flow
- -$8,900
- Cap Rate
- 1.7%
- Cash-on-Cash Return
- -19.4%
- Debt Coverage Ratio
- 0.27
- Internal Rate of Return (5 years)
- -14.7%
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:
| $2,395,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,916,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $479,000 |
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:
| $71,850 |
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:
| $550,850 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 5,500 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $435 |
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:
| $1.27 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,916,000 |
|---|---|
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:
| $12,268 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,462 |
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:
| $490 |
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:
| $14,220 |
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:
| $7,000 | $84,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$420 | -$5,040 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $6,580 | $78,960 |
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. | 21% | -$1,462 | -$17,542 |
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% | -$490 | -$5,880 |
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% | -$560 | -$6,720 |
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% | -$350 | -$4,200 |
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% | -$350 | -$4,200 |
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 | 46% | -$3,212 | -$38,542 |
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:
| $3,368 | $40,416 |
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. | -$12,268 | -$147,216 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $8,900 | $106,800 |