$1,200,000
Investment Summary
- Monthly Cash Flow
- -$2,904
- Cap Rate
- 3.2%
- Cash-on-Cash Return
- -12.6%
- Debt Coverage Ratio
- 0.53
- Internal Rate of Return (5 years)
- -8.2%
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 to the gated, swim neighborhood, The Highlands in Milton. This elegant home features a covered front porch and a grand two-story foyer that opens to a light-filled, open-concept floor plan. Beautiful molding, neutral colors and wide plank hardwood floors create a warm and refined ambiance throughout the main level. The main level features 9-foot ceilings and 5-inch-wide hardwood flooring. The formal dining room includes a tray ceiling, picture rail wainscoting and an arched entryway. Continue into the stunning two-story great room, where a bowed wall of windows offers expansive views of the private backyard. A floor-to-ceiling stacked stone fireplace serves as the focal point, flanked by custom built-ins. A catwalk above adds architectural interest and visual connection to the second floor. The great room flows into the casual dining area and a spacious kitchen equipped with stainless steel appliances, including a gas cooktop and double wall ovens. Granite countertops, a large island, a breakfast bar, and contrasting cabinetry—white on the island and dark around the perimeter—give the kitchen both functionality and style. A built-in beverage fridge in the kitchen island adds convenience for entertaining. A walk-in pantry provides extra storage, and a door just off the kitchen leads to a rear deck, perfect for grilling or dining outdoors. On the main floor, you’ll find a versatile bedroom and full bathroom, ideal for guests or as a home office. This room also has its own private deck, offering a quiet retreat. Upstairs, the spacious primary suite includes a tray ceiling, a large bedroom and a private covered porch overlooking the treetops. The en suite bathroom features separate granite-topped vanities, a soaking bathtub positioned beneath a picture window, high ceilings and a large, custom glass enclosed separate shower. An enormous walk-in closet and an upstairs laundry room add convenience. There are three additional bedrooms on the upper level. One has a private en suite bathroom, while the other two share a bathroom with dual vanities and a separate shower and water closet area. The terrace level is designed for entertainment and flexible living and includes a large recreation area, a living room, a dining space, and a wet bar or kitchenette with granite countertops. This area is also equipped with an additional refrigerator and microwave, ideal for guests or entertaining. There is also a gym or potential bedroom (just add a closet!), a full bathroom, and direct access to the backyard. Step outside to enjoy the private 1+ acre lot, featuring a stone-lined firepit area and beautifully landscaped gardens. Stairs from the main level deck lead down to this serene outdoor space, where a stone pathway winds through the yard and connects to natural stone steps that lead up to the driveway and the kitchen-level, three-car attached garage. Located in The Highlands community with a neighborhood pool, enjoy living in the highly desirable Birmingham Falls Elementary, Northwestern Middle and Cambridge High School districts. This home also provides easy access to a wide range of amenities. Enjoy nearby destinations such as downtown Crabapple, Alpharetta and Avalon, all within 15 minutes. You’re also close to Scottsdale Farms Garden Center, Bell Memorial Park, the popular 7 Acre Bar(n) & Grill and a convenient Publix shopping center. Welcome home!
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Location
Property Details
Parking
- Description: Driveway, Garage, Garage Door Opener, Garage Faces Side, Kitchen Level
- Details: Attached, Covered, Driveway, Garage, Garage Door Opener, Kitchen Level
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 5
- # of Baths (Total): 5.0
Interior Features
- # of Stories: 2
- Basement: Yes
- Basement Description: Daylight, Exterior Entry, Finished, Interior Entry, Walk-Out Access
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Rock, Stone
- Foundation: Concrete Perimeter
- Roof Material: Composition, Shingle
HOA
- Has HOA: Yes
- Association: PMI Northeast Atlanta
- HOA Fee: $1,600/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 22451001930584
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Craftsman, Traditional
- Year Built: 2013
Tax Information
- Annual Tax: $5,859
Utilities
- Water & Sewer: Public
- Heating: Forced Air, Natural Gas, Zoned
- Cooling: Central Air, Zoned
Location
- County: Fulton
Listing Details
Investment Summary
- Monthly Cash Flow
- -$2,904
- Cap Rate
- 3.2%
- Cash-on-Cash Return
- -12.6%
- Debt Coverage Ratio
- 0.53
- Internal Rate of Return (5 years)
- -8.2%
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:
| $1,200,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$960,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $240,000 |
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:
| $36,000 |
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:
| $276,000 |
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:
| $960,000 |
|---|---|
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:
| $6,147 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $488 |
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:
| $392 |
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:
| $7,027 |
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:
| $5,600 | $67,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$336 | -$4,032 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $5,264 | $63,168 |
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. | 9% | -$488 | -$5,859 |
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% | -$392 | -$4,704 |
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% | -$448 | -$5,376 |
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% | -$280 | -$3,360 |
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% | -$280 | -$3,360 |
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. | 2% | -$133 | -$1,596 |
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 | 36% | -$2,021 | -$24,255 |
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:
| $3,243 | $38,916 |
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. | -$6,147 | -$73,764 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$2,904 | -$34,848 |