$855,000
Investment Summary
- Monthly Cash Flow
- -$2,385
- Cap Rate
- 2.8%
- Cash-on-Cash Return
- -14.6%
- Debt Coverage Ratio
- 0.46
- Internal Rate of Return (5 years)
- -10.1%
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 divided by initial cash invested.
Calculation:
Annual Cash Flow / 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.
Calculation:
(Future Value / Present Value) ** (1 / Years) - 1
Property Description
Welcome to 1909 Duncans Mill Lane (also known as Rd) in the prestigious golf course community of Traditions of Braselton. This impeccably crafted four-sided brick home offers luxurious living with space for both large gatherings and private retreats. With 5,154 heated square feet and an additional 1,165 square feet of custom-shelved storage, this residence combines modern elegance with functional design. Features include: Master-on-Main Suite: Hardwood floors, tray ceiling, spa-like ensuite with Jacuzzi tub, separate tile shower, dual vanities, and expansive his-and-her walk-in closets. A versatile second room can serve as an office, nursery, or massive as it is now, custom walk-in closet. Main Living Areas: Professionally decorated foyer, coffered ceilings in the living and dining rooms, and a kitchen with new appliances, breakfast bar, and cozy hearth room with rustic stone fireplace. Guest Accommodations: Two generous bedrooms with a Jack-and-Jill bath, plus a separate guest bath, mudroom, and laundry area near the large garage. Upper Level: Enormous second master suite with ensuite bath or potential private entertainment/office space. Lower Level: Fifth bedroom, home office, full bath, entertainment and theatre rooms, game room, home gym, gift wrapping/sewing room, and dedicated workshop. Enjoy the outdoors on your private deck or covered patio with lighting and ceiling fan. The professionally landscaped lawn features a vibrant array of flowers, including irises, peonies, daffodils, and exotic lilies. The community offers exclusive amenities such as a clubhouse with a state-of-the-art fitness center, swimming pool, tennis and pickleball courts, golf, and walking trails. Convenient access to Jackson County schools, restaurants, retail, I-85, and Hwy. 53 ensures easy commutes to Atlanta, Flowery Branch, Gainesville, Commerce, and Athens. Recent updates include a new roof (2014), wood flooring and walk-in closets in the master (2018), finished basement (2018), new AC system (2019), replaced AC unit (2020), and new water heaters (2022). Kitchen appliances are brand new (2024). Sellers love this home but must relocate, making it an opportunity for you to enjoy.
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Location
Property Details
Parking
- Description: Attached, Garage
- Details: Garage
- Garage Spaces: 2
- Spaces Total: 2
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Partial): 1
- # of Baths (Total): 0.0
Interior Features
- # of Stories: 2
- Attic: Yes
- Basement: Yes
- Basement Description: Daylight, Interior Entry, Finished, Full, Exterior Entry
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Fiber cement siding (Hardi-board/Hardi-plank
- Roof Type: Hip
- Roof Material: Composition
HOA
- Has HOA: Yes
- HOA Fee: $1,100/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 105D003N
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Ranch, Traditional
- Year Built: 2005
Tax Information
- Annual Tax: $7,243
Utilities
- Water & Sewer: Public
- Heating: Central
- Cooling: Central Air
Location
- County: Jackson
Investment Summary
- Monthly Cash Flow
- -$2,385
- Cap Rate
- 2.8%
- Cash-on-Cash Return
- -14.6%
- Debt Coverage Ratio
- 0.46
- Internal Rate of Return (5 years)
- -10.1%
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 divided by initial cash invested.
Calculation:
Annual Cash Flow / 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.
Calculation:
(Future Value / Present Value) ** (1 / Years) - 1
Purchase Details
|
The price paid for the property. Purchase price:
| $855,000 |
|---|---|
|
The amount of the purchase financed through a loan. Amount financed:
| -$684,000 |
Down paymentThe initial payment made towards the purchase. Calculation:Purchase price - Amount financed Down payment:
| $171,000 |
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:
| $25,650 |
|
Costs incurred to repair or improve the property. Rehab costs:
| $0 |
Initial cash investedTotal initial cash invested in the property. Calculation:Down payment + Buying costs + Rehab costs Initial cash invested:
| $196,650 |
|
The total square footage (SQFT) of the property. Square feet:
| 5,154 |
|
Cost per square foot of the property. Calculation:Purchase price / Square feet Cost per square foot:
| $166 |
|
Monthly rent divided by square footage. Calculation:Monthly rent / Square feet Monthly rent per square foot:
| $0.76 |
Financing Details
Loan amountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $684,000 |
|---|---|
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% |
Principle & Interest (PI)The principle is the portion of the loan payment that reduces the loan balance. The interest is the lender's charge for borrowing money.
Principle & interest:
| $4,380 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services. Calculation:Assumes 12% of gross rental income, unless public tax records are available.
Property tax:
| $604 |
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:
| $273 |
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 |
|
The 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:
| $5,257 |
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:
| $3,900 | $46,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$234 | -$2,808 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,666 | $43,992 |
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. Calculation:Assumes 12% of gross rental income, unless public tax records are available. | 15% | -$604 | -$7,243 |
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% | -$273 | -$3,276 |
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% | -$312 | -$3,744 |
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% | -$195 | -$2,340 |
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% | -$195 | -$2,340 |
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. Calculation:Assumes 0% gross rental income, unless specified.. | 2% | -$92 | -$1,104 |
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 | 43% | -$1,671 | -$20,047 |
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:
| $1,995 | $23,940 |
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. | -$4,380 | -$52,560 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $2,385 | $28,620 |