$1,250,000
Investment Summary
- Monthly Cash Flow
- -$3,735
- Cap Rate
- 2.6%
- Cash-on-Cash Return
- -15.6%
- Debt Coverage Ratio
- 0.42
- Internal Rate of Return (5 years)
- -11.1%
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
PRICED BELOW APPRAISAL - Executive home in Forsyth County - North Forsyth School District! From the welcoming circular drive surrounded by lush landscaping to the spacious floor plan, every detail has been thoughtfully crafted with intention and care. This stunning home boasts 7 spacious bedrooms and 6.5 bathrooms with an additional private in-law/teen suite above the garage complete with its own full bathroom. As you enter through the impressive two-story foyer, you're greeted by a breathtaking two-story family room, highlighted by a striking stacked stone fireplace. The chef's kitchen features custom cabinetry and granite countertops and a spacious island. This kitchen is an entertainer's dream with two sinks, two dishwashers, double ovens and an oversized gas range with pot filler. The breakfast room features a built-in office space, a stacked stone fireplace and double doors leading out to the all-seasons back porch and back deck. The home features a generously sized formal dining room (12+ seats), along with a spacious laundry room on the main floor (separate laundry closet on the second floor), walk-in pantry, and a convenient half bath. Front and back staircases provide easy access to the upper level. Upstairs, all bedrooms offer a blend of elegance and comfort, featuring a thoughtfully curated design palette that can be easily transitioned to make your own. The owner's suite is a true retreat, complete with a spacious walk-in closet, a striking stacked stone fireplace, and a luxurious en-suite bath featuring a deep soaking tub, a separate shower with dual shower heads, and three separate vanity areas. The fully finished basement offers a custom bar, a game room area, craft room or office, a full bath, a concrete storm shelter, a boat or side-by-side garage, and abundant storage space throughout! Out back, escape to your own private oasis, where a beautiful (and edible!) garden designed to look like flower beds provides lush landscaping around the Pebble Tech saltwater pool and custom built fire pit and entertaining area with built-in seating. The edible garden features a variety of herbs, including mint, peppermint, sage, flat-leaf oregano, Italian oregano, thyme, rosemary, and stevia. Plus, you'll find blueberry and blackberry bushes, adding even more delicious options to enjoy. Mechanical rooms and garages typically aren't the highlight, but these are sure to impress. The meticulously designed mechanical room is a standout, while the three-car, rear-entry garage features an electric car charger in one bay, making it a car enthusiast's dream. Plus, the in-law suite above adds even more appeal. This home has been exceptionally cared for with every detail thoughtfully considered - NEW: windows and doors 2024, fans 2021, exterior lights and flood lights (LED) 2021, interior lights (LED) 2021, pool cover 2022, carpet 2021, updated alarm with new system 2021, garage doors and openers 2021, refrigerator and washer and dryer 2021, exterior paint 2023, crapet in in-law suite 2023. Nestled in the beautiful Etowah Trails neighborhood, just minutes to shopping and dining.
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Location
Property Details
Parking
- Description: Garage, Garage Door Opener, Side/Rear Entrance
- Details: Garage, Garage Door Opener
- Garage Spaces: 3
- Spaces Total: 3
Bedroom Information
- # of Bedrooms: 7
Bathroom Information
- # of Baths (Full): 6
- # of Baths (Partial): 1
- # of Baths (Total): 6.5
Interior Features
- # of Stories: 2
- Basement: Yes
- Basement Description: Finished, Full, Interior Entry
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Brick
- Roof Material: Composition
- Pool: Yes
HOA
- Has HOA: Yes
- HOA Fee: $300/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 026043
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Brick 4 Side, Traditional
- Year Built: 2000
Tax Information
- Annual Tax: $9,078
Utilities
- Water & Sewer: Public
- Heating: Forced Air, Natural Gas
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Forsyth
Listing Details
Investment Summary
- Monthly Cash Flow
- -$3,735
- Cap Rate
- 2.6%
- Cash-on-Cash Return
- -15.6%
- Debt Coverage Ratio
- 0.42
- Internal Rate of Return (5 years)
- -11.1%
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:
| $1,250,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,000,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $250,000 |
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:
| $37,500 |
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:
| $287,500 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 9,032 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $138 |
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:
| $0.55 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,000,000 |
|---|---|
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:
| $6,403 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $757 |
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:
| $350 |
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:
| $7,510 |
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:
| $5,000 | $60,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$300 | -$3,600 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,700 | $56,400 |
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. | 15% | -$757 | -$9,078 |
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% | -$350 | -$4,200 |
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% | -$400 | -$4,800 |
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% | -$250 | -$3,000 |
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% | -$250 | -$3,000 |
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% | -$25 | -$300 |
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 | 41% | -$2,032 | -$24,378 |
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:
| $2,668 | $32,016 |
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. | -$6,403 | -$76,836 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$3,735 | -$44,820 |