$1,699,900
Investment Summary
- Monthly Cash Flow
- -$7,322
- Cap Rate
- 1.0%
- Cash-on-Cash Return
- -22.5%
- Debt Coverage Ratio
- 0.16
- Internal Rate of Return (5 years)
- -17.7%
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
AMAZING PRICE FOR THIS INCREDIBLE & UNIQUE PROPERTY WITH A MAIN HOUSE (~3300SF), A ONE LEVEL GUEST HOUSE (~1200SF) , A POOL AND AN OUTDOOR LIVING PARADISE!! HUGE PRICE IMPROVEMENT!!! REDUCED $127,100!!! This stunning farmhouse is nestled on a picturesque property in the sought after live-work play Vickery community! Step outside to your backyard oasis featuring a sparkling in-ground salt water, heated pool with turf grass perfect for lounging under the sun and playing games with guests, complete with a half sport basketball court (made with pavers so it has versatile uses), grilling area and a tile patio for dining and relaxing. The modern farmhouse-style GUEST HOUSE (approx. 1200sf, 1 bedroom, 1 bath) offers endless possibilities, whether you envision it as a guest suite, entertainment lounge, or private retreat. Designed with multiple flex spaces that are currently used as a gym, work shop and living area; plus a kitchen, loft, full bath with a steam shower, bedroom and a washer & dryer. The open ceilings, exposed ducts, shiplap walls, concrete floors, barn doors, 2 fireplaces and the 3 glass modern garage doors combine to make this an ultra cool space for a variety of uses!*** THE MAIN HOME (approx. 3300sf, 4 bedrooms, 3 baths) offers the perfect blend of rustic charm and contemporary elegance! From the moment you arrive, the inviting Southern Living front porch and beautifully landscaped grounds set the tone for a home that is as warm as it is impressive. The open-concept living space boasts accent beams, shiplap walls, painted accent walls & ceilings, a cozy fireplace and upgraded light fixtures. The gourmet kitchen features new gorgeous quartz countertops with a countersplash. The main floor also offers a bedroom with a full bath, formal dining room, spacious family room overlooking your backyard oasis and an adorable mud room right off of your 2.5 car garage-offering plenty of room for 2 cars plus your golf cart and storage space!*** The upstairs features a generous sized primary suite with his & hers closets with professional closet systems plus his & hers vanities with tons of cabinet space! 2 guest bedrooms with a Jack and Jill bath and a huge bonus/flex room that makes a great 2nd family room/office/media room/bedroom and has seasonal views of the community lake! Located in a serene yet convenient setting, this farmhouse retreat is within walking distance to all of Vickery’s wonderful amenities, the Vickery Village shops & restaurants and the elementary & middle schools! Vickery is located in a top rated school district, and is in close proximity to hospitals & doctor’s offices and Halcyon, Avalon and The Collection for plenty of shopping and restaurant choices! Here’s your chance to live in this coveted community! Vickery has approximately 75 acres of green space featuring 6 tennis courts, pickleball courts, a community pool with cabanas, 2 ponds with fishing, walking trails throughout, playground, outdoor basketball court, fire pit for gatherings, open fields for community use, plenty of activities and events! Vickery Village offers various restaurants, shopping & is very active w/ farmer's market, movie nights, cornhole leagues, brew festivals and much more. Many residents golf cart around! Come live the Vickery Life!
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Location
Property Details
Parking
- Description: Attached, Driveway, Garage, Level Driveway
- Details: Driveway, Garage, Garage Door Opener, Kitchen Level, Storage
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Total): 4.0
Interior Features
- # of Stories: 2
- Basement Description: None
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Other
- Foundation: Slab
- Roof Material: Wood
- Pool: Yes
HOA
- Has HOA: Yes
- HOA Fee: $1,500/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 058369
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Farmhouse
- Year Built: 2011
Tax Information
- Annual Tax: $10,850
Utilities
- Water & Sewer: Public
- Heating: Forced Air, Heat Pump
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Forsyth
Listing Details
Investment Summary
- Monthly Cash Flow
- -$7,322
- Cap Rate
- 1.0%
- Cash-on-Cash Return
- -22.5%
- Debt Coverage Ratio
- 0.16
- Internal Rate of Return (5 years)
- -17.7%
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:
| $1,699,900 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,359,920 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $339,980 |
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:
| $50,997 |
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:
| $390,977 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 4,500 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $378 |
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:
| $0.78 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,359,920 |
|---|---|
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:
| 6.625% |
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:
| $904 |
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:
| $9,857 |
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. | 26% | -$904 | -$10,850 |
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. | 4% | -$125 | -$1,500 |
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 | 54% | -$1,904 | -$22,850 |
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:
| $1,386 | $16,632 |
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 | $7,322 | $87,864 |