$544,900
Investment Summary
- Monthly Cash Flow
- -$1,392
- Cap Rate
- 3.2%
- Cash-on-Cash Return
- -13.3%
- Debt Coverage Ratio
- 0.51
- Internal Rate of Return (5 years)
- -8.9%
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
PRICED LESS THAN APPRAISAL (see associated docs). $10,000 SELLER-PAID CLOSING COSTS WITH FULL-PRICE OFFER!! Situated on the golf course in Heron Bay, this ever-popular Riverton plan is now being offered for sale by its original owner. Only a few years old, this home has been impeccably maintained, has a beautiful designer feel, and is move-in ready for the new homeowners. On the main level, this plan features a parlor/study, formal living room, powder room, and an incredibly impressive great room w/cozy fireplace opening into a sophisticated chef's kitchen! Dazzling light fixtures. Just off the kitchen is the covered patio overlooking the golf course! After all, why live in a golf community unless you can enjoy the beauty of the course while relaxing on your own patio! Exclusivity! AND, not to be forgotten, is that there is a secondary bedroom with private bath, uniquely nestled on the main level such that it can be accessed from either the home's front entry or thru the garage. Just perfect to allow privacy for all. Speaking of privacy, the owner's comfortably inviting ensuite featuring a gorgeous master bath is on the upper level just off the loft area while the other three bedrooms and two baths are on the opposite side of the loft! But there's more ... when you buy in this community, you are also buying a lifestyle. COME HOME TO HERON BAY GOLF & COUNTRY CLUB, south Atlanta's premiere resort-style community, featuring unsurpassed amenities for its residents! There's an amazing aquatic center featuring a zero entry pool w/rain mushrooms for the little ones, a splash pool with dual slides, and a Jr. Olympic swimming pool! For those who prefer a less active swim complex, there is also a more intimate swimming pool centrally located in the community. There are tennis courts, pickleball courts, and nature trails, all in addition to the Lakefront Pavilion, the community's most popular spot for events such as Music in the Park and family picnics. The pavilion is located on the 1100-acre Cole Reservoir - just perfect for kayaks, canoes, and paddle boats. In addition to all the above which is available to our residents, Green Valley @ Heron Bay offers several packages for club membership in its beautiful, well-maintained, 18-hole golf course - and there are also other courses in the GV group that are available for member play. Heron Bay has a very active Homeowners Association which includes an active social program - game night, wine tastings, movies, food trucks, and music. But not to forget the children, there are also Easter Egg Hunts/Parties and Santa visits for the children! MAKE EVERY DAY A HOLIDAY - Located just south of Atlanta, this home is definitely a "must see."
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Location
Property Details
Parking
- Description: Garage, Attached, Level Driveway
- Details: Attached, Garage, Garage Door Opener, Guest, Kitchen Level, Storage
- Garage Spaces: 0
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Partial): 1
- # of Baths (Total): 0.0
Interior Features
- # of Stories: 2
- Basement Description: None
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Wood
- Foundation: Slab
- Roof Type: Gable
- Roof Material: Composition
HOA
- Has HOA: Yes
- Association: Heritage Property
- HOA Fee: $1,150/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 080D02092000
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Traditional
- Year Built: 2020
Tax Information
- Annual Tax: $7,910
Utilities
- Water & Sewer: Public
- Heating: Central
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Henry
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,392
- Cap Rate
- 3.2%
- Cash-on-Cash Return
- -13.3%
- Debt Coverage Ratio
- 0.51
- Internal Rate of Return (5 years)
- -8.9%
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:
| $544,900 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$435,920 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $108,980 |
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:
| $16,347 |
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:
| $125,327 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,440 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $158 |
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:
| $0.93 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $435,920 |
|---|---|
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:
| 6.810% |
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:
| $2,845 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $659 |
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:
| $224 |
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:
| $3,728 |
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:
| $3,200 | $38,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$192 | -$2,304 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,008 | $36,096 |
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% | -$659 | -$7,910 |
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% | -$224 | -$2,688 |
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% | -$256 | -$3,072 |
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% | -$160 | -$1,920 |
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% | -$160 | -$1,920 |
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% | -$96 | -$1,152 |
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 | 49% | -$1,555 | -$18,662 |
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:
| $1,453 | $17,436 |
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. | -$2,845 | -$34,140 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $1,392 | $16,704 |