$1,595,000
Investment Summary
- Monthly Cash Flow
- n/a
- Cap Rate
- n/a
- Cash-on-Cash Return
- n/a
- Debt Coverage Ratio
- n/a
- Internal Rate of Return (5 years)
- n/a
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
Nestled in the prestigious Manor section of Vinings Estates, this extraordinary custom home epitomizes timeless elegance and modern luxury. From the moment you step onto the front porch, adorned with custom balusters, youCOll sense that this is no ordinary property. Every detail, from the exterior to the interior finishes, has been thoughtfully designed to create a harmonious blend of sophistication and comfort. The sense of community in this neighborhood is unmatched, evoking a nostalgia for simpler times. Cul-de-sac gatherings, potluck dinners, and streets alive with neighbors, scooters, and bikes are hallmarks of life here. Conveniently located adjacent to The Whitefield Academy campus, this home offers not just an exceptional place to live, but also a lifestyle defined by connection and convenience. As you enter the home through its stately double doors, you are greeted by a grand two-story foyer that sets an impressive tone. A magnificent chandelier hangs above, illuminating the curved gunmetal staircase with its intricate iron accents. The attention to detail is immediately apparent, with custom trim work, coffered ceilings, and ornate mantels enhancing every corner. To one side of the entry, an octagonal formal dining room exudes charm, while the formal living roomCodesigned to showcase a grand pianoCospeaks to the homeCOs architectural brilliance. The heart of the home is the two-story grand room, a breathtaking space with soaring ceilings, a stately fireplace, and French doors that lead to a covered patio overlooking the private backyard oasis. This outdoor retreat, complete with a Pebbletec pool, spa, and a cascading waterfall, offers the perfect setting for relaxation and entertaining alike. Adjacent to the grand room, the kitchen is a chefCOs dream. Equipped with top-of-the-line appliances, a spacious island topped with gleaming stone countertops, and sleek drop lighting, the space is as functional as it is beautiful. A cozy keeping room with a stacked-stone fireplace and built-in bookcases adds warmth and charm, while a versatile butlerCOs pantry connects the kitchen to the dining room. More than just a transitional space, this pantry doubles as a buffet and bar, ideal for hosting gatherings. The main level also features a rare and invaluable guest suite. Perfect for aging family members or visiting friends, it provides convenience and privacy without sacrificing style. Upstairs, the primary wing is a sanctuary of unparalleled luxury. A tray ceiling with cove lighting adds a touch of drama, while a double-sided fireplace creates a cozy atmosphere that extends into the sitting area, which overlooks the backyard and pool. The addition of a morning bar, complete with a wine cooler, dishwasher, and sink, elevates this space into something truly special. This area seamlessly connects to an expansive custom closet and a conveniently located laundry room, ensuring that function meets opulence. The second floor also includes a spacious guest suite and two additional bedrooms connected by a Jack-and-Jill bath, each thoughtfully designed to provide comfort and privacy. For those who love to entertain, the terrace level is a dream come true. A full-sized bar, recreation room, home theater, and additional guest suite make this space ideal for hosting friends and family. French doors open directly to the backyard, seamlessly blending indoor and outdoor living. Additional features of the home include a three-car garage with a Guardian floor finish, a triple-wide driveway for ample parking, and a flat front yard perfect for games and gatherings. This stunning home is more than just a residence; itCOs a lifestyle statement. Offering unparalleled elegance, exceptional craftsmanship, and a warm sense of community, it is truly one of the most remarkable properties in Vinings Estates. Here, every detail has been considered, and every amenity has been provided, creating a home that is both breathtakingly beautiful and endlessly
Build Your Team
Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.
Agents
Match with investor-friendly agents who can help you find, analyze, and close your next deal
Lenders
Get the best funding…find investor-friendly lenders who specialize in your deal strategy
Property Managers
Transition to passive investing. Find a trusted property management partnership that lasts.
Tax Pros & Accountants
Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more
Location
Property Details
Parking
- Details: Attached, Garage, Garage Door Opener
- Garage Spaces: 3
- Spaces Total: 3
Bedroom Information
- # of Bedrooms: 6
Bathroom Information
- # of Baths (Full): 5
- # of Baths (Total): 0.0
Interior Features
- # of Stories: 3
- Basement: Yes
- Basement Description: Daylight, Exterior Entry, Finished, Interior Entry
- Fireplace: Yes
Exterior Features
- Roof Material: Composition
HOA
- Has HOA: Yes
- HOA Fee: $1,100/annually
Land Information
- Land Use: Residential
Lot Information
- Parcel ID: 17047300210
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Brick 4 Side, Traditional
- Year Built: 2002
Tax Information
- Annual Tax: $12,768
Utilities
- Water & Sewer: Public
- Heating: Natural Gas, Zoned
- Cooling: Ceiling Fan(s), Central Air, Zoned
Location
- County: Cobb
Investment Summary
- Monthly Cash Flow
- n/a
- Cap Rate
- n/a
- Cash-on-Cash Return
- n/a
- Debt Coverage Ratio
- n/a
- Internal Rate of Return (5 years)
- n/a
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:
| $1,595,000 |
|---|---|
|
The amount of the purchase financed through a loan. Amount financed:
| -$1,276,000 |
Down paymentThe initial payment made towards the purchase. Calculation:Purchase price - Amount financed Down payment:
| $319,000 |
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:
| $47,850 |
|
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:
| $366,850 |
|
The total square footage (SQFT) of the property. Square feet:
| 6,726 |
|
Cost per square foot of the property. Calculation:Purchase price / Square feet Cost per square foot:
| $237 |
|
Monthly rent divided by square footage. Calculation:Monthly rent / Square feet Monthly rent per square foot:
| n/a |
Financing Details
Loan amountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,276,000 |
|---|---|
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:
| $8,170 |
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:
| $1,064 |
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:
| n/a |
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:
| n/a |
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:
| n/a | n/a | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | n/a | n/a |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| n/a | n/a |
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. | 0% | -$1,064 | -$12,768 |
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. | n/a | n/a | n/a |
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. | n/a | n/a | n/a |
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. | n/a | n/a | n/a |
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. | n/a | n/a | n/a |
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.. | 0% | -$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 | n/a | n/a | n/a |
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:
| n/a | n/a |
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. | -$8,170 | -$98,040 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | n/a | n/a |