$2,925,000
Investment Summary
- Monthly Cash Flow
- -$11,380
- Cap Rate
- 1.5%
- Cash-on-Cash Return
- -20.3%
- Debt Coverage Ratio
- 0.24
- Internal Rate of Return (5 years)
- -15.6%
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
The Ultimate Lake Lanier Retreat - Privacy, Space with Room to Grow & Gorgeous Lake Views! If you've been dreaming of lake life with tons of space, privacy, and incredible views, this 4-bedroom, 4-bath - it's actually a 5 Bedroom, 5 Bath which includes the added living space over the garage, this home is exactly what you're looking for. Ideally located in the Southern end of Lake Lanier, Cumming, GA, Forsyth County, this home offers the perfect balance of comfort and space. Situated on 2.2 acres with no HOA, you can put in a pool, add another garage, workshop, even another home for extended family. Come make it your own. With quick access to Young Deer Park and everything you need just minutes away, it's lake living at its best. Bright, Open & Designed for Relaxing. Stunning panoramic lake views fill the space, creating a picturesque backdrop. The open floor plan makes it an ideal setting for both relaxation and entertainment. The kitchen is built for gathering, featuring a massive island where everyone will want to hang out. Whether you're cooking up a feast or just enjoying a casual breakfast, this space is warm, inviting, and functional. The primary suite on the main level is a peaceful retreat with gorgeous lake views, plenty of space, and a spa-like en-suite bath with heated tile floors. Upstairs, there's another private bedroom and bath, perfect for guests or family who want their own space. Outdoor Spaces You'll Never Want to Leave. If you love being outside, this place is a dream come true. The walk-out deck upstairs is perfect for coffee, cocktails, and taking in the view. The covered terrace-level patio (complete with a hot tub!) gives you a shady spot to kick back and relax. The backyard is a gentle, easy walk to the water-no crazy hills or stairs here! The double-slip dock with two HydroHoist boat lifts sits in deep, clear water, making lake days a breeze. Whether you're heading out for an adventure, lounging on the dock, or floating in the refreshing, crystal clear water, this is what lakefront living is all about. With the mow permit, you'll enjoy beautiful lake views and an easy, gentle walk to the water-because a lake house should be all about the views and the access to the water! Extra Space & All the Perks. Need more room? The 3-car detached garage has an additional 900 sq. ft. of heated and cooled living space above with a full tiled bath and amazing lake views that are perfect for guests, in-laws, an office with perks, or even a cool hangout spot for the kids. A breezeway connects the garage to the welcoming covered front porch, making the entryway feel even more inviting. Plus, there's tons of parking, so bring on the family and friends! For all your lake toys and yard gear, there's a storage shed to keep everything organized. And with a generator, you'll never have to worry about losing power-just pure, stress-free lake living. Situated on 2.2 acres with no HOA, you can put in a pool, add another garage, workshop, even another home for extended family. Come make it your own. The Perfect Lake Life Setup. Between the prime location, killer views, deep water, and tons of space, this home checks all the boxes for the perfect Lake Lanier escape. Whether you're spending the day on the water, hosting friends and family, or just soaking in the peaceful surroundings, this is the kind of place where unforgettable memories are made. Don't miss out-schedule your private tour today and see it for yourself!
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Location
Property Details
Parking
- Description: Carport, Covered, Detached, Garage, Garage Door Opener, Garage Faces Side, Kitchen Level
- Details: Carport, Detached, Garage, Garage Door Opener, Kitchen Level
- Garage Spaces: 0
- Spaces Total: 4
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Total): 0.0
Interior Features
- # of Stories: 1
- Basement: Yes
- Basement Description: Daylight, Exterior Entry, Finished, Full, Interior Entry
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Other
- Roof Material: Composition
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 259059
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Craftsman
- Year Built: 1969
Tax Information
- Annual Tax: $9,761
Utilities
- Water & Sewer: Public
- Heating: Central, Forced Air, Propane
- Cooling: Ceiling Fan(s), Central Air, Electric
Location
- County: Forsyth
Listing Details
Investment Summary
- Monthly Cash Flow
- -$11,380
- Cap Rate
- 1.5%
- Cash-on-Cash Return
- -20.3%
- Debt Coverage Ratio
- 0.24
- Internal Rate of Return (5 years)
- -15.6%
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:
| $2,925,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$2,340,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $585,000 |
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:
| $87,750 |
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:
| $672,750 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 4,714 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $620 |
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:
| $1.36 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $2,340,000 |
|---|---|
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:
| $14,983 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $813 |
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:
| $448 |
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:
| $16,244 |
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:
| $6,400 | $76,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$384 | -$4,608 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $6,016 | $72,192 |
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. | 13% | -$813 | -$9,761 |
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% | -$448 | -$5,376 |
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% | -$512 | -$6,144 |
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% | -$320 | -$3,840 |
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% | -$320 | -$3,840 |
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 | 38% | -$2,413 | -$28,961 |
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:
| $3,603 | $43,236 |
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. | -$14,983 | -$179,796 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $11,380 | $136,560 |