$1,550,000
Investment Summary
- Monthly Cash Flow
- -$3,168
- Cap Rate
- 3.7%
- Cash-on-Cash Return
- -10.7%
- Debt Coverage Ratio
- 0.60
- Internal Rate of Return (5 years)
- -6.3%
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
Nestled in the sought-after gated enclave of Kingsley Estates and situated within Milton's highly acclaimed Birmingham Falls Elementary School and Cambridge High School districts, this remarkable residence is set on over an acre of lush, private grounds. Meticulously designed, the home combines elegance and practicality with a layout ideal for everyday living and grand entertaining. A covered front porch gives way to an inviting two-story foyer, which is next to an elegant dining room with a butler's pantry. Continue into the sun-drenched formal living room, complete with a coffered ceiling, a fireplace with a marble surround and built-in bookcases. The formal living room flows seamlessly into the heart of the home, the expansive chef's kitchen, complete with a sleek new backsplash, top-of-the-line Thermador stainless steel appliances, wine and beverage refrigerators and a hidden walk-in pantry. The kitchen connects to a warm and welcoming keeping room with a stone fireplace and a tongue-and-groove lined wooden cathedral ceiling. Both the keeping room and formal living room are bathed in natural light and offer direct access to the screened porch and deck—perfect vantage points for enjoying the resort-style pool and spa. A convenient guest suite, a half bathroom and a spacious mudroom off the three-car garage complete the main level. Upstairs, the primary suite is a luxurious haven with a sprawling bedroom with a double trey ceiling, a morning bar, dual oversized walk-in closets and a beautiful bathroom with dual vanities, a separate soaking bathtub and a relaxing seamless glass shower with multiple shower heads, a bench and two product niches. The three additional upstairs bedrooms are well-appointed and include en suite bathrooms with marble vanities and designer lighting. The fully finished terrace level has been expertly transformed into a private apartment with a private entrance. Complete with a second kitchen, two bedrooms, a full bathroom, generous living areas, and an additional laundry room. This large private space is ideal for guests, an au pair or even possible rental income. Easily access the incredible outdoor area from the terrace level or the main-level deck. The large pool deck is perfect for entertaining, as is the pool, spa with waterfall, deck and covered porch! The level, tree-lined private backyard is ideal for relaxation or play. Notable upgrades include replaced windows and abundant built-in storage throughout. Kingsley Estate's amenities include a large pool, a clubhouse and tennis courts. Plus, this home is only minutes to the Publix, popular 7 Acres for dining, Matilda's for live music, Scottsdale Farms Garden Center and minutes to downtown Alpharetta, Crabapple Market/Downtown Milton and Avalon (whole foods, apple, Regal theater, Rumi's, Oak Steakhouse, Hotel Avalon, and more!). With its expansive lot, refined finishes and versatile living spaces, this home offers a perfect blend of timeless architecture and modern convenience. Welcome home!
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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, Garage Faces Front, Garage Faces Side, Kitchen Level, Driveway
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 7
Bathroom Information
- # of Baths (Full): 6
- # of Baths (Partial): 1
- # of Baths (Total): 7.0
Interior Features
- # of Rooms: 10
- # of Stories: 2
- Basement: Yes
- Basement Description: Daylight, Exterior Entry, Finished, Full, Interior Entry
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Rock, Stone
- Foundation: Brick/Mortar, Concrete Perimeter, Slab
- Roof Material: Composition
- Pool: Yes
HOA
- Has HOA: Yes
- HOA Fee: $2,230/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 22436002650927
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Traditional
- Year Built: 2009
Tax Information
- Annual Tax: $16,682
Utilities
- Water & Sewer: Public
- Heating: Hot Water, Natural Gas, Zoned
- Cooling: Ceiling Fan(s), Central Air, Zoned
Location
- County: Fulton
Listing Details
Investment Summary
- Monthly Cash Flow
- -$3,168
- Cap Rate
- 3.7%
- Cash-on-Cash Return
- -10.7%
- Debt Coverage Ratio
- 0.60
- Internal Rate of Return (5 years)
- -6.3%
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:
| $1,550,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,240,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $310,000 |
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:
| $46,500 |
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:
| $356,500 |
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:
| $1,240,000 |
|---|---|
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:
| $7,940 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,390 |
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:
| $644 |
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:
| $9,974 |
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:
| $9,200 | $110,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$552 | -$6,624 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $8,648 | $103,776 |
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. | 15% | -$1,390 | -$16,682 |
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% | -$644 | -$7,728 |
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% | -$736 | -$8,832 |
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% | -$460 | -$5,520 |
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% | -$460 | -$5,520 |
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% | -$186 | -$2,232 |
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 | 42% | -$3,876 | -$46,514 |
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:
| $4,772 | $57,264 |
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. | -$7,940 | -$95,280 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $3,168 | $38,016 |