$949,000
Investment Summary
- Monthly Cash Flow
- -$1,880
- Cap Rate
- 3.8%
- Cash-on-Cash Return
- -10.3%
- Debt Coverage Ratio
- 0.61
- Internal Rate of Return (5 years)
- -6.0%
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 this stunning 4-bedroom, 6-bathroom single-family home nestled in a small, friendly cul-de-sac community in Vinings! This home includes a bedroom and bath on the main floor, an additional bonus room with separate staircase and full bath as well as an unfinished basement with a finished bathroom and AC system ready to be customized. Imagine a community where everyone knows your name and gathers in the evenings on the green space with dogs and friends. That is this fantastic community located just off Log Cabin Rd and Woodland Brook. The four-sided brick exterior exudes charm, low maintenance, and durability, with a two-car garage and HOA-maintained lawn care! Hardwood floors grace the main level, complemented by beautiful moldings and architectural details, including tray ceilings, wainscoting, and arched openings. These details enhance the open-concept living spaces, which include a bright and airy living room streaming with natural light, a fireplace flanked by built-ins, and a separate yet open dining room. High ceilings and a bright white kitchen are included in this young 2013 build. The kitchen boasts a breakfast nook, stainless steel appliances, a large island with a sink and breakfast bar, pendant lighting, and double ovens. The main level also has a bedroom and full bath. The primary suite on the upper level is a true retreat, complete with an oversized sitting area, spacious ensuite bath, and gracious walk-in closet. The second floor also includes high ceilings, large windows, two additional bedrooms with ensuite baths, and a separate laundry room. The guest room on the main level can easily be used as a family room or private office for added convenience. The bonus room over the two-car garage is a fabulous addition to the home. It offers versatility as a junior/guest suite or media/rec room with a full bath, a private staircase not connected to the other second-floor bedrooms, and separate HVAC. The daylight basement is framed out and awaiting your personal touch; however, it already has a finished full bath and HVAC system. The basement has exterior access to a covered porch/deck and the backyard. Landscaping features charming dawn-to-dusk lighting to enhance its curb appeal. Enjoy the great location, just minutes from Vinings Jubilee, the West Side, with easy access to grocery stores, Vinings dining, and the West Side's new restaurants and breweries, Beltline extensions, and coffee houses. Vinings is a great community easily accessible to downtown Atlanta, the airport, I-75/I-285, The Battery, and hiking at state parks!
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Location
Property Details
Parking
- Description: Attached, Garage, Garage Door Opener, Garage Faces Side, Level Driveway
- Details: Attached, Garage, Garage Door Opener, Garage Faces Side, Driveway
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 6
- # of Baths (Total): 6.0
Interior Features
- # of Rooms: 8
- # of Stories: 3
- Basement: Yes
- Basement Description: Daylight, Exterior Entry, Partial, Unfinished
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Brick
- Foundation: Concrete Perimeter
- Roof Material: Composition
HOA
- Has HOA: Yes
- Association: Beacon Management
- HOA Fee: $280/monthly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 17089301230
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Traditional
- Year Built: 2013
Tax Information
- Annual Tax: $3,098
Utilities
- Water & Sewer: Public
- Heating: Forced Air, Natural Gas
- Cooling: Ceiling Fan(s), Central Air, Zoned
Location
- County: Cobb
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,880
- Cap Rate
- 3.8%
- Cash-on-Cash Return
- -10.3%
- Debt Coverage Ratio
- 0.61
- Internal Rate of Return (5 years)
- -6.0%
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:
| $949,000 |
|---|---|
|
The amount of the purchase financed through a loan. Amount financed:
| -$759,200 |
Down paymentThe initial payment made towards the purchase. Calculation:Purchase price - Amount financed Down payment:
| $189,800 |
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:
| $28,470 |
|
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:
| $218,270 |
|
The total square footage (SQFT) of the property. Square feet:
| 3,902 |
|
Cost per square foot of the property. Calculation:Purchase price / Square feet Cost per square foot:
| $243 |
|
Monthly rent divided by square footage. Calculation:Monthly rent / Square feet Monthly rent per square foot:
| $1.31 |
Financing Details
Loan amountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $759,200 |
|---|---|
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:
| $4,861 |
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:
| $258 |
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:
| $357 |
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:
| $5,476 |
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:
| $5,100 | $61,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$306 | -$3,672 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,794 | $57,528 |
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. | 5% | -$258 | -$3,098 |
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% | -$357 | -$4,284 |
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% | -$408 | -$4,896 |
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% | -$255 | -$3,060 |
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% | -$255 | -$3,060 |
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.. | 5% | -$280 | -$3,360 |
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 | 36% | -$1,813 | -$21,758 |
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:
| $2,981 | $35,772 |
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. | -$4,861 | -$58,332 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $1,880 | $22,560 |