$550,000
Investment Summary
- Monthly Cash Flow
- -$801
- Cap Rate
- 4.4%
- Cash-on-Cash Return
- -7.6%
- Debt Coverage Ratio
- 0.72
- Internal Rate of Return (5 years)
- -3.4%
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 home to 32 Roundstone Way, where comfort, community, and convenience come together in one of the most sought-after neighborhoods in the area! This stunning home is located in an intimate, welcoming HOA community with a low annual fee of just $450-one of the lowest in the area-while still offering fantastic amenities like a community pool, playset, basketball court, and annual fun activities, like food truck events, that bring neighbors together. Inside, you'll find one of the most open floor plans in the neighborhood, designed to maximize space and allow for that light, airy feeling throughout the home. The seamless flow from the oversized living room to the casual dining space and into the chef's kitchen creates the perfect setting for both everyday life and entertaining. The kitchen features all stainless steel appliances, double ovens (fantastic for holiday gatherings!), an oversized pantry with easy organization, and beautiful custom lighting. Throughout the home, oversized moulding and airy ceilings add a touch of elegance and sophistication. With flexible spaces to fit your needs, this home includes a guest bedroom and full bath on the main level, a separate flex space perfect for an office or playroom, and a loft upstairs for additional lounging or work-from-home space. The mudroom with built-ins keeps everyday essentials organized, and the upstairs laundry room with additional shelving makes laundry day a breeze. The luxurious master suite is a true retreat, featuring three custom-built closets with built-ins and plenty of room to create a cozy sitting area, home gym, or reading nook. All three of the secondary bedrooms upstairs are generously sized, offering comfort and versatility for family or guests. Step outside to your large, fenced backyard, where you can enjoy the spacious screened-in back porch, extended patio, and cozy fire pit-perfect for relaxing or entertaining. Plus, the turf under the playset ensures easy maintenance and fun for the little ones. This home also includes two hot water heaters for ultimate convenience, an HVAC system serviced in February 2025 with a receipt available, and a new air compressor installed in June 2023. Recessed lighting is featured throughout, enhancing the home's bright and modern feel. The tucked-away staircase design creates a more open and inviting entryway, unlike many homes where the stairs are immediately visible upon entering. Additionally, gutters were installed in 2023, a valuable upgrade since many homes in the area were not built with them. And let's talk about location! Zoned for top-rated, highly sought-after schools, including Frances Meeks Elementary, Richmond Hill Middle, and the brand-new Richmond Hill High School set to open next year, this home offers an exceptional education experience. Plus, with Publix and shopping just minutes away, everything you need is within reach. Don't miss the opportunity to live in one of the most open and inviting floor plans in the neighborhood while enjoying a strong sense of community-without feeling overcrowded. Schedule your showing today and experience all that 32 Roundstone Way has to offer!
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Location
Property Details
Parking
- Description: Attached, GarageDoorOpener
- Details: Attached, Garage, Garage Door Opener, Kitchen Level, Off Street
- Garage Spaces: 4
- Spaces Total: 4
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Total): 0.0
Interior Features
- # of Rooms: 0
- # of Stories: 2
- Basement Description: None
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Fiber cement siding (Hardi-board/Hardi-plank
- Roof Type: Hip
- Roof Material: Composition
- Pool: Yes
- Pool Community: Yes
HOA
- Has HOA: Yes
- HOA Fee: $450/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 056049043
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Traditional
- Year Built: 2018
Tax Information
- Annual Tax: $4,334
Utilities
- Water & Sewer: Public
- Heating: Forced Air
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Bryan
Investment Summary
- Monthly Cash Flow
- -$801
- Cap Rate
- 4.4%
- Cash-on-Cash Return
- -7.6%
- Debt Coverage Ratio
- 0.72
- Internal Rate of Return (5 years)
- -3.4%
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:
| $550,000 |
|---|---|
|
The amount of the purchase financed through a loan. Amount financed:
| -$440,000 |
Down paymentThe initial payment made towards the purchase. Calculation:Purchase price - Amount financed Down payment:
| $110,000 |
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:
| $16,500 |
|
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:
| $126,500 |
|
The total square footage (SQFT) of the property. Square feet:
| 3,405 |
|
Cost per square foot of the property. Calculation:Purchase price / Square feet Cost per square foot:
| $162 |
|
Monthly rent divided by square footage. Calculation:Monthly rent / Square feet Monthly rent per square foot:
| $1.03 |
Financing Details
Loan amountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $440,000 |
|---|---|
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:
| $2,817 |
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:
| $361 |
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:
| $245 |
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:
| $3,423 |
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:
| $3,500 | $42,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$210 | -$2,520 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,290 | $39,480 |
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. | 10% | -$361 | -$4,335 |
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% | -$245 | -$2,940 |
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% | -$280 | -$3,360 |
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% | -$175 | -$2,100 |
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% | -$175 | -$2,100 |
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.. | 1% | -$38 | -$456 |
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% | -$1,274 | -$15,291 |
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:
| $2,016 | $24,192 |
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. | -$2,817 | -$33,804 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $801 | $9,612 |