$1,895,000
Investment Summary
- Monthly Cash Flow
- -$6,582
- Cap Rate
- 2.0%
- Cash-on-Cash Return
- -18.1%
- Debt Coverage Ratio
- 0.32
- Internal Rate of Return (5 years)
- -13.5%
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
Listed below appraisal and seller is motivated - send your offers! Welcome to 921 Accipiter Way, a true sleeper gem in the exclusive community of Hawks Ridge. Minutes away from Milton, Cumming, and Alpharetta - Ball Ground is the up-and-coming haven for those craving community, luxury, and a slower pace of life without sacrificing location. Nestled on a quiet, tree-lined street in Ball Ground's most coveted communities, this meticulously maintained home offers the perfect blend of classic elegance, privacy, and everyday comfort. Step inside to soaring ceilings, Brazilian cherry floors, and natural light that pours through oversized windows. The chef's kitchen- the heart of the home- is unlike anything you've ever seen before. It has all the custom cabinetry and premium appliances you would expect in a luxury property- but what you didn't expect was TWO dishwashers, TWO ovens, TWO sinks, and TWO refrigerators. This incredible layout is a dream for the discerning chef. Open concept from the kitchen to the keeping room and living room, you can entertain with ease. Panoramic views of the pool from the main level areas remind you that you are living in your own private vacation all year. Gorgeous beamed ceilings, built in bookcases, stained coffered ceilings, and walk-in pantry, private office, formal dining, and a main level guest bedroom are details you will not want to overlook. Upstairs, the primary suite is a retreat featuring a large sitting room, spa-inspired bath with views of the pool, generous closet space, and a huge dual vanity with ample storage. Secondary bedrooms are oversized with en-suite bathroom and thoughtfully placed with private views. A large bonus room makes for the perfect casual entertainment space or playroom/game room. The terrace level offers plenty of space for an in-law suite, already equipped with an additional bedroom and spa bathroom, kitchenette, living room/movie room, storage, and exercise room. As if the interior didn't offer enough- walk outside and enjoy your very own private oasis. Lush landscaping, pillared porch, fenced yard, and not a neighbor in sight. Turn on the 3 waterfalls to your salt water pool, bask in the peaceful sounds of nature, and relax. For pet owners- this property offers a fenced area to keep your furry friend safe and entertained. Hawks Ridge is a premier golf community that offers a stunning 18-hole, par 72 course set across 550 acres of rolling North Georgia landscape. Known to golfers as "Augusta-light" it has ranked in the top 100 courses according to Golf Digest. Just want to fit in a short game? The executive 3-par course is perfect for practice or casual play, maintained to the highest of standards. With towering pines and strategic water features, driving through this community to arrive at your new home is a treat within itself. Luxurious clubhouse features a Tavern-style restaurant, social dining areas, lockers rooms, pro-shop, and training center with on-site coaching. Flying in relatives? Utilize the onsite Helipad and rent an on-site cottage for their privacy and comfort. The world class amenities are endless for the residents of Hawks Ridge. With quick access to shopping, dining, and local flair, this home offers a true luxurious lifestyle. Priced to move and ready to impress- this is the one you will regret missing.
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Location
Property Details
Parking
- Description: Attached, Driveway, Garage
- Details: Garage, Kitchen Level
- Garage Spaces: 3
- Spaces Total: 3
Bedroom Information
- # of Bedrooms: 7
Bathroom Information
- # of Baths (Full): 6
- # of Baths (Total): 0.0
Interior Features
- # of Stories: 2
- Basement: Yes
- Basement Description: Bath/Stubbed, Daylight, Finished, Full
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Brick Veneer
- Roof Type: Hip
- Roof Material: Composition
- Pool: Yes
HOA
- Has HOA: Yes
- HOA Fee: $3,540/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 03N22B046
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Brick 4 Side, Craftsman, Other
- Year Built: 2006
Tax Information
- Annual Tax: $11,120
Utilities
- Water & Sewer: Public
- Heating: Central, Natural Gas
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Cherokee
Listing Details
Investment Summary
- Monthly Cash Flow
- -$6,582
- Cap Rate
- 2.0%
- Cash-on-Cash Return
- -18.1%
- Debt Coverage Ratio
- 0.32
- Internal Rate of Return (5 years)
- -13.5%
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:
| $1,895,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,516,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $379,000 |
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:
| $56,850 |
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:
| $435,850 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 8,581 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $221 |
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:
| $0.73 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,516,000 |
|---|---|
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:
| $9,707 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $927 |
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:
| $441 |
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:
| $11,075 |
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:
| $6,300 | $75,600 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$378 | -$4,536 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $5,922 | $71,064 |
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% | -$927 | -$11,120 |
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% | -$441 | -$5,292 |
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% | -$504 | -$6,048 |
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% | -$315 | -$3,780 |
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% | -$315 | -$3,780 |
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. | 5% | -$295 | -$3,540 |
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 | 44% | -$2,797 | -$33,560 |
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:
| $3,125 | $37,500 |
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. | -$9,707 | -$116,484 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $6,582 | $78,984 |