$2,295,000
Investment Summary
- Monthly Cash Flow
- -$9,068
- Cap Rate
- 1.4%
- Cash-on-Cash Return
- -20.6%
- Debt Coverage Ratio
- 0.23
- Internal Rate of Return (5 years)
- -15.9%
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
Enjoy the Low Country lifestyle in this 5 BR/5BA home overlooking the marsh in Hamilton Landing, a Sea Island developed subdivision which is one of St. Simons most desirable gated neighborhoods. This home has been well maintained and has many recent updates that you don't want to miss seeing. Along with the brand new salt water 18x36 swimming pool and spa, the exterior features cedar shake and tabby exterior, new roof, outdoor and indoor entertaining areas with beaufitul new 5th bathroom/pool bath that will give you the blues! For the interior, as soon as you enter the light filled foyer with its transoms, you will find the white oak, wide plank floors and picture frame wall moldings and gorgeous light fixtures. To the left and right of the foyer are a lovely dining room and a study/office/5th bedroom, which have picture windows of the oak filled neighborhood park. The foyer also overlooks a large living room with a media center and built-ins along one wall. French Doors open from the living room onto a spacious screened porch which provides a perfect spot for al fresco dining. The nearby Kitchen has a large quartz covered island with bar seating, stainless appliances including a gas range and double wall ovens and a built in desk. There is a large Butler's Pantry with additional storage, a food pantry, a sink and a washer/dryer area. A fireplace with gas logs surrounded by built-in bookcases is the focal point of the keeping room. It flows to a large outside deck with marsh views. The Primary bedroom is separated from the living room by a hall and an adjacent powder room with custom vanity. The Primary Bedroom has a tremendous view of the marsh through large windows. It has white oak floors, and it flows out to the screened porch through French doors. The primary bath has an L shaped double vanity with quartz countertops, a quartz surround tub and a separate shower. His and Her closets with built in shelving, and a laundry center in one closet complete the suite. The split plan has two guest bedrooms on the opposite side of the home. They both have the White Oak flooring and crown molding, walk in closets with shelving and they share a Jack/Jill bath each with their own vanity rooms separated by pocket doors. One of the bedrooms overlooks the park, and the other overlooks the marsh. There is another marsh front guest suite upstairs that has a recently updated en suite bath, a shiplap accent wall and a sizable sitting area. There is an oversized two car garage with an adjacent work shop area with space for sports gear and lots of storage on the ground level. There is also a downstairs bonus room that can be used as an exercise/game/media room and a brand new exquisite bath. Hamilton Landing has its own park, dock and boat ramp, paved bike/walking paths throughout making it a favorite neighborhood for the island. It is very convenient to Frederica Academy, walking trails and all of the fun of south end St. Simons Island. It is also very convenient to the Torras causeway. Sea Island Club application rights are also available. Come experience the breezes through the live oaks, kayak out of the boat landing and relax!
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Location
Property Details
Parking
- Description: Garage Door Opener, Guest, Side/Rear Entrance
- Details: Garage Door Opener, Guest
- Garage Spaces: 6
- Spaces Total: 6
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 5
- # of Baths (Total): 5.0
Interior Features
- # of Rooms: 6
- # of Stories: 1
- Basement: Yes
- Basement Description: Finished
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Other
- Foundation: Pillar/Post/Pier
- Roof Type: Hip
- Roof Material: Wood
HOA
- Has HOA: Yes
- HOA Fee: $960/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 0409567
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Country/Rustic
- Year Built: 2000
Tax Information
- Annual Tax: $13,985
Utilities
- Water & Sewer: Public
- Heating: Heat Pump, Central
- Cooling: Ceiling Fan(s), Electric, Heat Pump
Location
- County: Glynn
Listing Details
Investment Summary
- Monthly Cash Flow
- -$9,068
- Cap Rate
- 1.4%
- Cash-on-Cash Return
- -20.6%
- Debt Coverage Ratio
- 0.23
- Internal Rate of Return (5 years)
- -15.9%
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:
| $2,295,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,836,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $459,000 |
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:
| $68,850 |
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:
| $527,850 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 4,286 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $535 |
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:
| $1.33 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,836,000 |
|---|---|
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:
| $11,756 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,165 |
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:
| $399 |
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:
| $13,320 |
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:
| $5,700 | $68,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$342 | -$4,104 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $5,358 | $64,296 |
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. | 20% | -$1,165 | -$13,985 |
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% | -$399 | -$4,788 |
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% | -$456 | -$5,472 |
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% | -$285 | -$3,420 |
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% | -$285 | -$3,420 |
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. | 1% | -$80 | -$960 |
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 | 47% | -$2,670 | -$32,045 |
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:
| $2,688 | $32,256 |
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. | -$11,756 | -$141,072 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $9,068 | $108,816 |