$2,995,000
Investment Summary
- Monthly Cash Flow
- -$11,901
- Cap Rate
- 1.5%
- Cash-on-Cash Return
- -20.7%
- Debt Coverage Ratio
- 0.24
- Internal Rate of Return (5 years)
- -16.0%
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
Welcome home! Rare opportunity to own 5.77+/- acres in sought-after Milton. This amazing property is a large sprawling home with all the bedrooms on the main level. The interior spans 6065+/- square feet on the main level, boasting 10-foot ceilings, Brazilian Cherry flooring, & extensive custom shelving. Key rooms include a library with decorative iron & glass doors, a great room with 25 ft vaulted ceiling & custom box beams, a craft room, expansive dining room for entertaining, a well-equipped mudroom, separate pool house/guest suite and a barn. The kitchen is a standout with custom cabinets manufactured by Rosewood and designed by a professional kitchen designer. These cabinets include custom glazed units with transom glass uppers, all featuring soft close mechanisms. The kitchen also boasts a warming drawer under the cook-top, Scotsman icemakers, two Miele dishwashers, and a separate propane-operated cooktop and gas grill with a 500-gallon tank. Additionally, there is a Northland professional-grade refrigerator, a Wolf gas range, and both Thermador conventional and regular ovens. For added convenience, there is a wine cooler, a custom hood vent with a custom tumbled marble backsplash and pot filler, and two separate islands one with granite and the other with a wood counter. A separate coffee station with its own pot filler and a dome ceiling over the breakfast area add to the charm. The master bedroom and bathroom are luxurious with a steam stone shower, custom walk-in his/her closets, and two vanities w/ a work out room directly off the master. All secondary bedrooms are oversized. Each room has trey ceilings with custom lighting, & Walkin closets. Other features include a locking closet in the office, double washers and dryers in the laundry room, a banquet-sized dining room with coffered lighted ceilings, custom chandeliers throughout, and a craft room above the garage that can be converted into an additional bedroom. The mudroom is equipped with a granite countertop and Mexican imported Saltillo tile shower, and there is a shoe storage island. Terrace level adds another 1142 square feet of space, including a 10x10 safe room, a large media or playroom with recessed lighting, and 9-10 foot ceilings Exterior features include a saltwater pool with a spa and waterfall heated by solar energy or a 1000-gallon propane tank, a fenced backyard with professional landscaping, a cypress ceiling on the wrap-around stone porch, and a screened large portion of the porch. The pool and landscaping have well irrigation with city water for drinking, and the septic system has been approved for six bedrooms. Other exterior features are casement style windows, solid exterior walnut doors, a geothermal zoned heating and air system, 2x6 framing on exterior walls with lycene and cellulose insulation, a chained gate up front, and a gate closer to the house with a keypad and two clickers. The property includes a large 3-bay garage (two 30ft and one 25ft bays), security cameras around the house with a three-week loop, and a 2000 sq. foot barn with a bunk loft. This property is not to be missed!
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Location
Property Details
Parking
- Description: Garage, Garage Door Opener, Side/Rear Entrance
- Details: Covered, Driveway, Garage, Garage Door Opener, Garage Faces Side, RV Access/Parking
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Partial): 1
- # of Baths (Total): 5.0
Interior Features
- # of Rooms: 9
- # of Stories: 1
- Basement: Yes
- Basement Description: Daylight, Finished, Full
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Wood
- Foundation: Slab
- Roof Material: Other
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 22490006910654
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: French Provincial, Ranch
- Year Built: 2008
Tax Information
- Annual Tax: $30,533
Utilities
- Water & Sewer: Public
- Heating: Propane
- Cooling: Central Air
Location
- County: Fulton
Listing Details
Investment Summary
- Monthly Cash Flow
- -$11,901
- Cap Rate
- 1.5%
- Cash-on-Cash Return
- -20.7%
- Debt Coverage Ratio
- 0.24
- Internal Rate of Return (5 years)
- -16.0%
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:
| $2,995,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$2,396,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $599,000 |
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:
| $89,850 |
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:
| $688,850 |
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:
| $2,396,000 |
|---|---|
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:
| 6.810% |
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:
| $15,636 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $2,544 |
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:
| $637 |
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:
| $18,817 |
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:
| $9,100 | $109,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$546 | -$6,552 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $8,554 | $102,648 |
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. | 28% | -$2,544 | -$30,533 |
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% | -$637 | -$7,644 |
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% | -$728 | -$8,736 |
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% | -$455 | -$5,460 |
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% | -$455 | -$5,460 |
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 | 53% | -$4,819 | -$57,833 |
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:
| $3,735 | $44,820 |
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. | -$15,636 | -$187,632 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $11,901 | $142,812 |