$690,000
Investment Summary
- Monthly Cash Flow
- -$1,112
- Cap Rate
- 4.2%
- Cash-on-Cash Return
- -8.4%
- Debt Coverage Ratio
- 0.69
- Internal Rate of Return (5 years)
- -4.1%
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
Fantastic opportunity to live in the sought after Village neighborhood of The Georgia Club. 827 Commons Park located on the 9th hole of the Chancellor's silver course is a lovely property with timeless southern appeal and is priced for its new owners to customize & tailor to their taste! Imagine being able to walk down the tree-lined cobblestone street to enjoy 27 holes of golf with a driving range & chipping /putting practice area, an aquatic center with 2 pools & cabana service, an updated fitness center, 2 hard surface tennis/pickleball courts & 4 clay tennis courts, a private event facility, and a clubhouse that offers casual & fine dining with a lanai overlooking the course to enjoy beautiful sunsets. This charming 3 bedroom 2.5 bath home offers numerous updates since it was originally built including 4 yr old Trex decking & new ceiling fans on 2 oversized covered porches on the front and back of the home perfect for enjoying the serene outdoor setting with magnificent golf course views. The kitchen with updated stainless-steel appliances, custom cabinetry, a gas cooktop & granite countertops has an eat in breakfast area, a built-in desk/workspace to keep you organized, an island & a pantry. Off the kitchen is a nice sized laundry room with an updated washer & dryer, a laundry sink & cabinets as well as a powder room & finished storage space under the staircase. The open concept family/dining room has a great view of the golf course with plantation shutters and a gas fireplace flanked by built ins and is within steps to enjoy the wonderful outdoor living space. The primary suite on main boasts hardwood floors, plantation shutters & overlooks the golf course. The primary suite bath with an attached walk-in closet with closet shelving system has dual sinks, a tiled shower with built in tiled bench and a water closet. Upstairs offers a landing area with a built-in desk, 2 nice sized bedrooms with a hallway full bath and loads of walk-in attic storage. Many of the major components of this home have been updated since it was built. The exterior of the home was painted in 2022, hardwood floors were redone in 2023, a new HVAC system was added in 2021, many of the appliances were updated in the last several years, the roof was replaced in 2015 & the home has a tankless water heater. The 2-car garage has enough room for a golf cart as well so you can ride over to 4 additional pickleball courts, the dog park and the community garden or get together with neighbors at one of the many firepits throughout the neighborhood. In addition, this home has professional weekly lawn service at $535 per quarter so the homeowner can relax and enjoy all that the Georgia Club and the surrounding Athens area has to offer. This property combines excellent craftsmanship in a spectacular setting that is conveniently located to enjoy all the amenities in this gated country club community and is awaiting its new owner's personal touch. Memberships of all levels are available to Georgia Club residents. Welcome home!
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Location
Property Details
Parking
- Description: Garage, Garage Door Opener, Side/Rear Entrance, Storage
- Details: Garage, Garage Door Opener
- Garage Spaces: 0
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Partial): 1
- # of Baths (Total): 2.5
Interior Features
- # of Stories: 2
- Basement Description: Crawl Space
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Siding (not specified)
- Roof Type: Gable
- Roof Material: Composition
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: XX134D022
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Craftsman
- Year Built: 2004
Tax Information
- Annual Tax: $4,869
Utilities
- Water & Sewer: Public
- Heating: Central, Forced Air, Natural Gas
- Cooling: Ceiling Fan(s), Central Air, Electric
Location
- County: Barrow
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,112
- Cap Rate
- 4.2%
- Cash-on-Cash Return
- -8.4%
- Debt Coverage Ratio
- 0.69
- Internal Rate of Return (5 years)
- -4.1%
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:
| $690,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$552,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $138,000 |
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:
| $20,700 |
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:
| $158,700 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,479 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $278 |
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:
| $1.65 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $552,000 |
|---|---|
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:
| $3,535 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $406 |
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:
| $287 |
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:
| $4,228 |
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:
| $4,100 | $49,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$246 | -$2,952 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,854 | $46,248 |
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. | 10% | -$406 | -$4,869 |
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% | -$287 | -$3,444 |
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% | -$328 | -$3,936 |
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% | -$205 | -$2,460 |
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% | -$205 | -$2,460 |
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 | 35% | -$1,431 | -$17,169 |
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:
| $2,423 | $29,076 |
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. | -$3,535 | -$42,420 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $1,112 | $13,344 |