$3,325,000
Investment Summary
- Monthly Cash Flow
- -$13,643
- Cap Rate
- 1.2%
- Cash-on-Cash Return
- -21.4%
- Debt Coverage Ratio
- 0.20
- Internal Rate of Return (5 years)
- -16.7%
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
Tucked inside The Paddocks, a quiet enclave of luxury estates, 110 Ryan Lake Trail is a privately gated lakefront residence offering over 14,000 square feet of refined living space on 3.8 acres in Alpharetta-perfectly positioned on the Cherokee County side for the benefit of lower property taxes while remaining close to all that Milton and Alpharetta have to offer. Designed for both grand entertaining and comfortable everyday living, this impressive privately gated residence features six bedrooms plus a large flex room currently used as a seventh bedroom, seven full bathrooms, three half bathrooms, and a total of six garage spaces. The home's well-planned interior layout includes expansive living areas across all three levels, multiple bedroom suites, and a thoughtful blend of formal and casual spaces to suit a variety of lifestyles. A grand two-story foyer with a timeless wrought-iron curved staircase opens to a spacious great room with soaring ceilings and a fireplace, creating a central gathering space for the home. The kitchen is designed for entertaining, with a large center island, Thermador and SubZero appliances, walk-in pantry, and a separate catering kitchen with private garage access-ideal for hosting events or large parties. The layout flows into a fireside keeping room and breakfast area, as well as a summer kitchen and living space with vaulted tongue-and-groove ceiling, grilling station, and dual dishwashers for convenient indoor-outdoor living. The main-level primary suite offers a private retreat with a morning bar, fireside sitting area, private balcony, spa-inspired bathroom, and an oversized custom walk-in closet with central island. The main level also includes a formal study, formal dining room, mudroom with built-ins, two guest powder rooms, and sizable laundry room. Upstairs, a second primary suite with Juliet balcony is accompanied by two additional ensuite bedrooms, a fourth bedroom with hall bath, secondary laundry room, and a large bonus room that can serve as a playroom, media room, or seventh bedroom. The finished terrace level is designed for recreation and relaxation, featuring a home theater, game room, sauna, custom fitness gym and golf simulator, full bar, wine cellar, guest ensuite, and an additional bathroom. It opens directly to the backyard and the property's private lake frontage, offering a peaceful setting for quiet outdoor enjoyment. Additional highlights include a whole-home audio system, Vantage lighting controls, LeafGuard gutters, and a dedicated sump system. The grounds are professionally landscaped and include a full sprinkler system and outdoor lighting throughout. With four garages on the main level and two on the terrace level, the property is well-suited for car collectors, multigenerational living, or extra storage. The private lake offers a unique and serene outdoor amenity for non-motorized recreation or simply enjoying nature. Zoned for sought-after Creekview High School and minutes from top local attractions, the home is just 5 minutes to Milton's Mini Publix, 7 Acre Barn Grill, and Scottsdale Farms, 15 minutes to the shops and restaurants of Downtown Crabapple, and 20 minutes to GA-400, Avalon, and Halcyon. Additional 3 acres available for $650,000
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Location
Property Details
Parking
- Description: Attached, Drive Under Main Level, Garage, Garage Faces Side, Kitchen Level
- Details: Attached, Garage
- Garage Spaces: 0
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 6
Bathroom Information
- # of Baths (Full): 7
- # of Baths (Partial): 3
- # of Baths (Total): 0.0
Interior Features
- # of Stories: 3
- Basement: Yes
- Basement Description: Concrete, Exterior Entry, Finished, Full, Interior Entry
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Brick Veneer
- Roof Type: IRR/Cathedral
- Roof Material: Other
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 02N12008D
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Brick 4 Side, European, Mediterranean, Traditional
- Year Built: 2004
Tax Information
- Annual Tax: $23,914
Utilities
- Water & Sewer: Public
- Heating: Central, Natural Gas
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Cherokee
Listing Details
Investment Summary
- Monthly Cash Flow
- -$13,643
- Cap Rate
- 1.2%
- Cash-on-Cash Return
- -21.4%
- Debt Coverage Ratio
- 0.20
- Internal Rate of Return (5 years)
- -16.7%
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:
| $3,325,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$2,660,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $665,000 |
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:
| $99,750 |
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:
| $764,750 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 14,039 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $237 |
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:
| $0.56 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $2,660,000 |
|---|---|
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% |
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:
| $17,032 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,993 |
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:
| $546 |
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:
| $19,571 |
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:
| $7,800 | $93,600 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$468 | -$5,616 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $7,332 | $87,984 |
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. | 26% | -$1,993 | -$23,914 |
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% | -$546 | -$6,552 |
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% | -$624 | -$7,488 |
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% | -$390 | -$4,680 |
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% | -$390 | -$4,680 |
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. | n/a | n/a | n/a |
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 | 51% | -$3,943 | -$47,314 |
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:
| $3,389 | $40,668 |
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. | -$17,032 | -$204,384 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $13,643 | $163,716 |