$849,900
Investment Summary
- Monthly Cash Flow
- -$2,648
- Cap Rate
- 2.4%
- Cash-on-Cash Return
- -16.3%
- Debt Coverage Ratio
- 0.39
- Internal Rate of Return (5 years)
- -11.7%
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
Drive through the private gate and down a private, tree-lined lane where natural acreage offers both privacy and a sense of mystery. This custom-built Carolina pink brick home welcomes you with twin-story porches, timeless architecture, and handcrafted detail that quietly announces quality from the moment you arrive. Step inside and you're greeted by a sunlit foyer with ceramic tile floors, and deep luxury crown molding - hallmarks of the custom craftsmanship found at every turn. Flanking the foyer are two versatile rooms, perfect for offices, libraries, studios, media rooms, or guest spaces. Each room is bright, with large windows facing the front porch, and pocket doors that provide privacy and elegance. Just beyond, a hallway leads to the first of four full bathrooms and a deep closet used as a secure tech hub. The home is wired with Cat 6 cable, connected to fiber internet, and ready for smart home functionality. Every room has network ports and landline jacks and one of the front rooms is wired for 7.1 surround sound. To the left of the foyer, the home opens into a warm, open-concept living space. Wood floors run through a cozy gathering room anchored by a wood-burning fireplace. French doors lead to the back porch and pool, while a bay-windowed dining area captures courtyard views. The adjoining open kitchen stuns with miles of custom cabinetry, Corian counters, and ideal flow for entertaining or everyday living. Underfoot, radiant floor heating (excluding the kitchen) delivers silent, energy-efficient comfort. The warmth of this hidden feature perfectly complements the thoughtful design that makes the home livable, luxurious, and enduring. Upstairs, the Primary Suite offers a peaceful retreat. It opens to a private upper porch with views of the pool and courtyard. The ensuite bath is ADA-compliant, with a walk-in curbless shower, dual vanities, custom cabinetry, and a dressing-room sized closet. Across the hall, two generous secondary bedrooms each open via French doors to the front upper porch and share a spacious Jack-and-Jill bath. The home is framed for a future elevator adjacent to the stairs, allowing accessibility throughout all stages of life. All doors are solid-core, enhancing sound insulation and lending a sense of quiet luxury throughout. Additionally, there is an unfinished 1,000+ sq ft space, prepped with plumbing for a full bath and kitchenette and wired for electric. Add mini-split HVAC units and your personal finishes to create a guest suite, in-law apartment, studio, or private office. For hobbyists, collectors, and professionals, this home offers five garage bays. One single bay is ideal for yard and pool equipment, adjacent to the fourth full bath for outdoor cleanup. Two two-car garages accommodate multiple vehicles or workshop needs-one includes a loft and 220-volt service. All garages boast 17' ceilings. Behind the home, your private acreage extends into a wooded sanctuary. Enjoy peaceful strolls, spot deer and birds, or connect to one of the neighborhood's two fishing ponds. The property is adjacent to the Columbia County Library and Amphitheater, Government Center, and Evans Towne Center-offering walkable access to shopping, dining, events, and recreation, all while remaining quiet and secluded. Add the neighborhood amenities and top-rated schools and this is a home you don't want to miss. At Pond Pine Way, every detail was selected for comfort, longevity, and elegance. A rare blend of privacy and proximity, thoughtful luxury and down-to-earth utility - this home is ready to serve you for generations to come. Acreage and Lot Dimensions include the two lots being sold together.
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Location
Property Details
Parking
- Details: Attached, Garage, Garage Door Opener
- Garage Spaces: 5
- Spaces Total: 5
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 3
- # of Stories: 2
- Basement Description: Crawl Space
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Brick
- Roof Material: Composition
- Pool: Yes
HOA
- Has HOA: Yes
- HOA Fee: $500/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 072196F
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Brick 4 Side
- Year Built: 2008
Tax Information
- Annual Tax: $2,211
Utilities
- Water & Sewer: Public
- Heating: Central, Electric, Forced Air, Radiant
- Cooling: Ceiling Fan(s), Central Air, Electric, Window Unit(s)
Location
- County: Columbia
Listing Details
Investment Summary
- Monthly Cash Flow
- -$2,648
- Cap Rate
- 2.4%
- Cash-on-Cash Return
- -16.3%
- Debt Coverage Ratio
- 0.39
- Internal Rate of Return (5 years)
- -11.7%
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:
| $849,900 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$679,920 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $169,980 |
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:
| $25,497 |
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:
| $195,477 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,504 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $243 |
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:
| $0.80 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $679,920 |
|---|---|
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:
| $4,354 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $184 |
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:
| $196 |
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:
| $4,734 |
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:
| $2,800 | $33,600 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$168 | -$2,016 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,632 | $31,584 |
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. | 7% | -$184 | -$2,211 |
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% | -$196 | -$2,352 |
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% | -$224 | -$2,688 |
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% | -$140 | -$1,680 |
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% | -$140 | -$1,680 |
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. | 2% | -$42 | -$504 |
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 | 33% | -$926 | -$11,115 |
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:
| $1,706 | $20,472 |
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. | -$4,354 | -$52,248 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$2,648 | -$31,776 |