$886,000
Investment Summary
- Monthly Cash Flow
- -$1,356
- Cap Rate
- 4.4%
- Cash-on-Cash Return
- -8.0%
- Debt Coverage Ratio
- 0.71
- Internal Rate of Return (5 years)
- -3.7%
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
Designer-owned and masterfully curated, this one-of-a-kind residence blends custom craftsmanship with sophisticated, functional design. Located just moments from Lake Lanier offering seasonal lake views this home offers a private, peaceful setting with a seamless balance of style, convenience, and comfort. The chefCOs kitchen is a standout, featuring quartzite countertops, an oversized island with extensive storage, custom cabinetry with built-in organizers, and premium appliances including a Wolf built-in coffee system, Liebherr wine cooler, Sub-Zero freezer drawers, KitchenAid French door refrigerator, Asko dishwasher, Dacor double steam ovens, recessed induction cooktop, built-in microwave, and trash compactor. Added conveniences include a walk-in pantry, under-cabinet LED lighting, extra outlets, and dual touchless faucets. The formal living room showcases a dramatic porcelain feature wall, hurricane-impact sliding glass doors, a gas starter electric fireplace with crystals, and a safety-rated Viewglass railing overlooking the main level. The family room includes a striking Honey Onyx marble gas fireplace with electric stacked stone, built-in shelving, and dimmable lighting for ambiance. The main-level primary suite is a serene retreat featuring built-in wall storage, large windows, and a luxury bath complete with a Jason MicroSilk tubCoa therapeutic soaking tub that delivers micro-oxygenated bubbles to hydrate skin, support detoxification, and promote relaxation. Additional features include a frameless, entryless jetted shower, bidet, wall-mounted towel warmer, granite counters, dual vanities, lighted medicine cabinets, and cabinetry with interior electrical outlets for concealed storage of heated tools. The walk-in closet is fully built out with adjustable systems. Upstairs offers three bedrooms, two of which feature walk-in closets with built-ins, and a bonus room. A Jack-and-Jill bathroom includes a frameless shower, dual sinks, and built-in linen storage. The third full bathroom offers a shower/tub combo and serves the bonus and third bedroom. The terrace level offers a complete guest suite with its own private entry door, making it ideal for multi-generational living, rental potential, or extended guest stays. This level includes a bedroom, full bath with lighted medicine cabinet, and a fully equipped kitchen featuring quartz countertops, an island, induction cooktop, built-in microwave, dishwasher, and cabinet-style pantry with pull-out drawers. Additional conveniences include a walk-in closet with built-ins, stacked laundry hidden behind custom cabinetry, recessed lighting with dimmers, and walk-out access to the backyard. Additional highlights of the home include an oversized 2-car garage with a brand-new modern garage door and opener, a floating staircase with a stylish wood-slat accent wall, upgraded lighting and interior doors, crown molding, custom blinds, and a Simplisafe security system. The attic has been fully sealed, re-insulated, and sanitized. Outdoors, enjoy an aluminum-fenced turf dog run, professional landscaping with Japanese maples, new gutter guards, and a brand-new custom front door. This exceptional property is not only beautifully designed but also does not have an HOA! It is ideally located near major retail, dining, and entertainment options, including The Collection at Forsyth, Halcyon, and Marketplace Blvd. Enjoy close access to Big Creek Greenway Trails, public parks, and Lake Lanier recreation areas, as well as quick connections to GA-400 for an easy commute into Atlanta. A rare opportunity for discerning buyers seeking luxury, functionality, and location all in one.
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Location
Property Details
Parking
- Description: Garage, Kitchen Level
- Details: Garage, Garage Door Opener, Kitchen Level
- Garage Spaces: 2
- Spaces Total: 2
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: Yes
- Basement Description: Daylight, Finished, Full
- 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: 274080
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Craftsman
- Year Built: 2006
Tax Information
- Annual Tax: $1,160
Utilities
- Water & Sewer: Public
- Heating: Central
- Cooling: Central Air
Location
- County: Forsyth
Investment Summary
- Monthly Cash Flow
- -$1,356
- Cap Rate
- 4.4%
- Cash-on-Cash Return
- -8.0%
- Debt Coverage Ratio
- 0.71
- Internal Rate of Return (5 years)
- -3.7%
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:
| $886,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$708,800 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $177,200 |
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:
| $26,580 |
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:
| $203,780 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 4,316 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $205 |
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:
| $1.14 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $708,800 |
|---|---|
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:
| 6.840% |
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:
| $4,640 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $97 |
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:
| $343 |
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:
| $5,080 |
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:
| $4,900 | $58,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$294 | -$3,528 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,606 | $55,272 |
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. | 2% | -$97 | -$1,160 |
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% | -$343 | -$4,116 |
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% | -$392 | -$4,704 |
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% | -$245 | -$2,940 |
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% | -$245 | -$2,940 |
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 | 27% | -$1,322 | -$15,860 |
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:
| $3,284 | $39,408 |
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. | -$4,640 | -$55,680 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $1,356 | $16,272 |