$3,900,000
Investment Summary
- Monthly Cash Flow
- -$19,039
- Cap Rate
- 0.3%
- Cash-on-Cash Return
- -25.5%
- Debt Coverage Ratio
- 0.05
- Internal Rate of Return (5 years)
- -20.6%
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
The Riesen Ranch is a remarkable 191+ acre cattle and equestrian estate, perfectly situated just one hour from downtown Atlanta. It boasts exceptional beauty while also serving as an income-producing livestock ranch and event venue. The custom-built main house was designed for family and entertaining. This 6-bedroom, 4.5-bath home offers 9,247 square feet of living space, including a fully finished 2,264-square-foot basement with a mother-in-law suite. The home showcases the finest craftsmanship and detail. A large front porch overlooks the pond and pasture. Inside, the grand foyer features a double bridal staircase with beautiful flooring, ceiling accents, and custom woodwork. It leads to a spacious living room with a fireplace and stunning views of the heated pool and pastures. The breakfast room, also with a fireplace, connects to a newly renovated kitchen. A large mudroom, ideal for farm life, leads to a large laundry room. At the front of the house, the formal dining room and office boast breathtaking pond and pasture views. The master suite includes a private study with a gas fireplace. The expansive master bath offers a glass shower, jacuzzi tub, and his-and-hers toilets. Upstairs, there are four bedrooms-two on each side of the home-joined by Jack-and-Jill bathrooms and a balcony overlooking the pond and property. The fully finished basement features a private mother-in-law suite with a kitchenette and separate entrance leading to a tea garden. Additional highlights include a home theater with custom sound, lighting, seating, and soundproof walls, as well as a secure gun room with keypad access, storage rooms, and ample closets. The home is equipped with a whole-house central vacuum system and a Generac emergency generator. Outside, there are two two-car garages. One is connected by a breezeway that leads to a large deck and heated pool overlooking the pasture. A 3,500-square-foot shop includes a finished office on one side and a music recording studio with a sound room on the other. The concrete-floored shop houses the family's gym and rock wall, with plenty of space for equipment and toys. It also features a tool room with a workbench, loft storage on both sides, and additional outdoor bays for storage. The property includes two horse barns. One with seven custom pine stalls, a feed room, tack room, storage closets, a hay loft with chute, fans, lighting, and an attached paddock for easy turnouts that lead to a large pasture. The second barn offers eight stalls with feed and tack rooms. Above it is a newly renovated 2-bedroom, 1-bath apartment with a full kitchen and large living area-perfect for hosting and entertaining. A riding arena and round pen provide space for equine training and exercise. The ranch also features a 10,000-square-foot elegant event space adorned with imported crystal chandeliers. It includes a commercial prep kitchen with stainless steel preparation station, refrigerator, and sink; three restrooms; a live-edge bar; and seating for up to 200 guests. Outdoor amenities include a stage and seating area, ideal for weddings, educational gatherings, and corporate events. The Riesen Ranch offers a gated entrance, a well-maintained road system, and trails throughout the property. Two 4,000-square-foot red iron open barns provide equipment storage. The property is fully fenced and cross-fenced, with multiple paddocks and pastures. Currently raising the family's Wagyu cattle and horses, the ranch offers tremendous opportunities for expansion into farm-to-table agritourism, given its close proximity to Atlanta. It has also been used as an equestrian boarding facility. It's ready for your cows and horses! The Riesen Ranch is located in Senoia, Georgia just 44 miles (47 minutes) from Hartsfield-Jackson International Airport and 54 miles from Atlanta.
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Location
Property Details
Parking
- Description: Attached, Garage Door Opener, Detached, Garage, Kitchen Level, RV/Boat Parking, Side/Rear Entrance
- Details: Garage, Kitchen Level
- Garage Spaces: 0
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 6
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Partial): 1
- # of Baths (Total): 4.5
Interior Features
- # of Rooms: 10
- # of Stories: 2
- Attic: Yes
- Basement: Yes
- Basement Description: Daylight, Exterior Entry, Finished, Full, Interior Entry
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Wood
- Roof Type: Hip
- Roof Material: Other
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Rural/Agricultural
Lot Information
- Parcel ID: 138008002
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Traditional
- Year Built: 2004
Tax Information
- Annual Tax: $18,538
Utilities
- Water & Sewer: Private, Well
- Heating: Central, Electric
- Cooling: Central Air, Electric
Location
- County: Meriwether
Listing Details
Investment Summary
- Monthly Cash Flow
- -$19,039
- Cap Rate
- 0.3%
- Cash-on-Cash Return
- -25.5%
- Debt Coverage Ratio
- 0.05
- Internal Rate of Return (5 years)
- -20.6%
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:
| $3,900,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$3,120,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $780,000 |
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:
| $117,000 |
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:
| $897,000 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 11,511 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $339 |
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:
| $0.31 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $3,120,000 |
|---|---|
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:
| $19,978 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,545 |
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:
| $252 |
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:
| $21,775 |
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:
| $3,600 | $43,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$216 | -$2,592 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,384 | $40,608 |
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. | 43% | -$1,545 | -$18,539 |
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% | -$252 | -$3,024 |
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% | -$288 | -$3,456 |
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% | -$180 | -$2,160 |
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% | -$180 | -$2,160 |
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 | 68% | -$2,445 | -$29,339 |
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:
| $939 | $11,268 |
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. | -$19,978 | -$239,736 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $19,039 | $228,468 |