$959,900
Investment Summary
- Monthly Cash Flow
- -$2,031
- Cap Rate
- 3.7%
- Cash-on-Cash Return
- -11.0%
- Debt Coverage Ratio
- 0.59
- Internal Rate of Return (5 years)
- -6.7%
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
LIKE HAVING YOUR OWN, PRIVATE 1 ACRE SANCTUARY!!!! CHARM AND ELEGANCE with BEAUTIFUL PASTORAL VIEWS THROUGHOUT! Absolutely Gorgeous, 3-Sides Brick Ranch offers ALL THE BEST of INDOOR AND OUTDOOR LIVING! OPEN and UPDATED LIKE BRAND NEW, this CONTEMPORARY BEAUTY offers ALL NEW DARK PREMIUM HARDWOOD FLOORING, NEW SHOWERS, NEW APPLIANCES, NEW PELLA WINDOWS, A NEW ARCHITECTURAL SHINGLE ROOF, NEW DUAL HVAC SYSTEM, NEW WATER HEATER, Custom Blinds, Plantation Shutters, a REMOTE CONTROLLED ELECTRICAL SUNSETTER DECK AWNING, a DOUBLE DECK, and THE MOST FABULOUS SCENIC AND NATURAL VIEW IN THE AREA! From entering the front door, you are immediately drawn through an EXPANSIVE GREAT ROOM to the OUTDOOR LIVING AREA! You can sip your favorite drink, read your favorite book, or take a relaxing nap IN TOTAL AND COMPLETE PRIVACY! The Well Designed Eat In Kitchen is ideal for both Cooking and Socializing! There is a Spacious MASTER SUITE ON THE MAIN LEVEL overlooking the entire ETHEREAL WOODLAND VIEW! SPLIT BEDROOM PLAN with 2 Bedrooms Sharing a DOUBLE VANITY BATHROOM on the OPPOSITE WING FROM THE MASTER SUITE! HANDSOME ELEGANT TREY CEILINGS add a touch of sophistication. The Spectacular added on 4-SEASONS SUN ROOM adds to the ambience and natural beauty! DRAMATIC AND TRANSFORMATIVE SUNSETS can be seen from the Master Suite, the Two Decks, the Sun Room, the Keeping Room, and from the Bedrooms! Off the elegant Foyer is a FORMAL STUDY with a Coffered Ceiling and a View of the Front Yard with Cherry Trees, Camellias, and Roses! The Formal Dining Room opens to the LIVING ROOM which has a MAGNIFICENT CATHEDRAL CEILING! A DOUBLE SIDED FIRE PLACE is at the heart of the home and is visible from the Living Room, the Keeping Room, the Study, and the Kitchen. Your guests will be drawn in by the warmth and beauty! GORGEOUS GOURMET KITCHEN features GRANITE MOTHER OF PEARL COUNTER TOPS, a GRANITE DOUBLE SINK, a double oven, a built in microwave, and more! All of the bathrooms on the main level have been spectacularly renovated! Upstairs is the LARGE BONUS SUITE that has a full bathroom and closet! There is even extra storage space upstairs! This ONE OF A KIND HOME has been CREATED from the Amazing Visions of its Owners! Come and live in your own Private, Peaceful, and Scenic Paradise with its own Seasonal Creek in the back! Landscaping includes four whimsical figurines nestled in the floral beds, and TWO double swings in the back yard for watching the birds and wildlife. At night the magic ignites as the solar tiki torches light up under starry skies, and dreams carry you off as you drift away on the swing to the chorus of frogs. All your dreams come true! POLO FIELDS is an EXTREMELY SOUGHT AFTER GOLF/SWIM/TENNIS Community which offers Social and Golf Memberships! IDEAL LOCATION near Greenway, Fowler Park, Library, Shopping, and Schools! YMCA and One Fitness Gym are just a frog's leap away! The seller states the following: "The REAR part of this property can have flood water following SEVERE storms; however, this HOME has NEVER EVER been the subject of ANY flood water damage throughout our 20 years of residency. The home is significantly elevated above the creek bed, and has endured hurricanes and tornadoes. In fact, the creek and the water have blessed us with beauty and wildlife that we never would otherwise have had. It is what makes our property a unique and very special, scenic nature preserve, including turtles, frogs, deer, hawks, ducks, geese, herons, and egrets. This home has been a blessing, and really is something very, very special because of its location."
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Location
Property Details
Parking
- Description: Attached, Garage, Garage Door Opener, Kitchen Level, Side/Rear Entrance
- Details: Attached, Garage, Garage Door Opener, Kitchen Level
- Garage Spaces: 0
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Partial): 1
- # of Baths (Total): 0.0
Interior Features
- # of Stories: 1
- Basement Description: None
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Brick
- Foundation: Slab
- Roof Material: Composition
HOA
- Has HOA: Yes
- HOA Fee: $600/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 060055
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Brick 3 Side, Brick Front, Ranch
- Year Built: 2000
Tax Information
- Annual Tax: $898
Utilities
- Water & Sewer: Public
- Heating: Central, Natural Gas
- Cooling: Ceiling Fan(s), Central Air, Electric
Location
- County: Forsyth
Investment Summary
- Monthly Cash Flow
- -$2,031
- Cap Rate
- 3.7%
- Cash-on-Cash Return
- -11.0%
- Debt Coverage Ratio
- 0.59
- Internal Rate of Return (5 years)
- -6.7%
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:
| $959,900 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$767,920 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $191,980 |
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:
| $28,797 |
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:
| $220,777 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 0 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| n/a |
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:
| 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:
| $767,920 |
|---|---|
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:
| 6.810% |
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:
| $5,011 |
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:
| $75 |
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:
| $315 |
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:
| $5,401 |
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:
| $4,500 | $54,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$270 | -$3,240 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,230 | $50,760 |
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. | 2% | -$75 | -$898 |
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% | -$315 | -$3,780 |
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% | -$360 | -$4,320 |
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% | -$225 | -$2,700 |
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% | -$225 | -$2,700 |
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% | -$50 | -$600 |
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 | 28% | -$1,250 | -$14,998 |
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:
| $2,980 | $35,760 |
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. | -$5,011 | -$60,132 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $2,031 | $24,372 |