$3,800,000
Investment Summary
- Monthly Cash Flow
- -$16,695
- Cap Rate
- 0.9%
- Cash-on-Cash Return
- -22.9%
- Debt Coverage Ratio
- 0.14
- Internal Rate of Return (5 years)
- -18.1%
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
Set on 1.03 meticulously landscaped acres in The Hayfield, known for its gas lantern street lights, tree- lined drive and copper mailboxes, this distinguished residence blends timeless architectural beauty with elevated upgrades throughout. A sweeping front porch lit by gas lanterns opens into a radiant two-story foyer. To one side, a private study with French doors and board and batten paneling offers a peaceful retreat. Opposite, a formal dining room features an exposed brick accent wall and French doors to the front porch—perfect for entertaining or quiet evenings. The main living room unfolds beneath a coffered ceiling, centered around a stately fireplace with custom built-ins. French doors flood the room with natural light and open to a sprawling rear deck, ideal for entertaining. The gourmet chef's kitchen is a true showpiece: custom white cabinetry to the ceiling, dual oversized islands topped with 3-inch marble, and a dramatic gas fireplace add warmth and elegance. Premier appliances include a Sub-Zero refrigerator, Wolf six-burner range with double ovens, two Bosch dishwashers, and a Sub-Zero wine refrigerator. A farmhouse sink and sunny breakfast area overlook the private backyard, while a walk-in pantry - with a second refrigerator, coffee/appliance bar, and abundant storage - offers unmatched convenience. A second friend's entry on main with charming dutch door leads to the main level laundry room, large mudroom with 6 built-in sections, and two half baths round out the main living areas with both function and style. The main-level owner suite is a serene retreat with bay window seating alcove, wood-beamed ceiling, and marble-surround fireplace. The spa-inspired owner's bath features dual marble-topped vanities, a freestanding soaking tub set against a dramatic glass-tiled accent wall, a marble shower, water closet with bidet, and a custom walk-in closet with built-ins and a large central island. Upstairs, a centrally located secondary primary suite or upper bonus features vaulted ceiling, custom built-ins, and a luxurious en suite bath. The upper holds five additional bedrooms each with en suite baths as well as a convenient second laundry room. Tucked between two upper bedrooms you will find a private flexible area that would work well for a study space, reading area or upper play zone. The finished terrace level offers stylish entertaining and everyday comfort. A full kitchen and lounge flow into a second family room with a whimsical playhouse. A spacious guest bedroom, a gym with spa-like bath, and a movie room with built-in speakers create versatile living spaces. A flex room awaits your vision—whether wine cellar, art studio, or meditation space. A storm room with reinforcement offers the potential for a secure space for safe room, gun room or storage. Additional space is entered from media that lends itself to optional golf simulator room. French doors open to the covered patio and a resort-style saltwater gunite pool with tanning ledge. A level lawn is bordered by mature trees, a playset, and lush landscaping. In 2023, the grounds were refreshed with new sod, irrigation, wood fencing, and vibrant plantings—hydrangeas, roses, and sculpted hedges. Upgraded exterior lighting creates a magical ambiance at dusk. An oversized three-car side garage accommodates SUVs, golf carts, or recreational gear with ease. The home is set in the most popular trio of schools including Milton, Northwestern and Birmingham Falls. Located in the quiet, sought-after neighborhood of The Hayfield with walkability to The Union Restaurant and Bar and just minutes from Downtown Crabapple/Milton, Downtown Alpharetta, and Avalon—this is a home where luxury, comfort, and convenience meet. Welcome Home!
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Location
Property Details
Parking
- Description: Driveway, Garage, Garage Door Opener, Garage Faces Side, Kitchen Level, Level Driveway, Electric Vehicle Charging Station(s)
- Details: Attached, Driveway, Garage, Garage Faces Side, Kitchen Level
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 8
Bathroom Information
- # of Baths (Full): 9
- # of Baths (Partial): 2
- # of Baths (Total): 11.0
Interior Features
- # of Rooms: 15
- # of Stories: 3
- Basement: Yes
- Basement Description: Daylight, Exterior Entry, Finished, Full, Interior Entry, Walk-Out Access
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Rock, Stone
- Foundation: Brick/Mortar
- Roof Material: Composition
- Pool: Yes
HOA
- Has HOA: Yes
- Association: HMS Homeowner Mgmt.
- HOA Fee: $2,500/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 22412008120892
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Traditional
- Year Built: 2015
Tax Information
- Annual Tax: $31,330
Utilities
- Water & Sewer: Public
- Heating: Forced Air, Natural Gas
- Cooling: Ceiling Fan(s), Central Air, Zoned
Location
- County: Fulton
Listing Details
Investment Summary
- Monthly Cash Flow
- -$16,695
- Cap Rate
- 0.9%
- Cash-on-Cash Return
- -22.9%
- Debt Coverage Ratio
- 0.14
- Internal Rate of Return (5 years)
- -18.1%
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:
| $3,800,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$3,040,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $760,000 |
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:
| $114,000 |
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:
| $874,000 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 11,940 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $318 |
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:
| $0.68 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $3,040,000 |
|---|---|
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:
| $19,465 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $2,611 |
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:
| $567 |
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:
| $22,643 |
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:
| $8,100 | $97,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$486 | -$5,832 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $7,614 | $91,368 |
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. | 32% | -$2,611 | -$31,330 |
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% | -$567 | -$6,804 |
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% | -$648 | -$7,776 |
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% | -$405 | -$4,860 |
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% | -$405 | -$4,860 |
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. | 3% | -$208 | -$2,496 |
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 | 60% | -$4,844 | -$58,126 |
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:
| $2,770 | $33,240 |
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. | -$19,465 | -$233,580 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$16,695 | -$200,340 |