$408,000
Investment Summary
- Monthly Cash Flow
- -$730
- Cap Rate
- 4.0%
- Cash-on-Cash Return
- -9.3%
- Debt Coverage Ratio
- 0.65
- Internal Rate of Return (5 years)
- -5.0%
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
Nestled on a quiet street shaded by mature trees, this refined Atlanta gem captures the essence of classic bungalow charm, now elevated with thoughtful updates for the way we live today. Located just moments from the vibrant Historic West End and emerging Cascade Heights, this home pairs elegant, modern touches with a layout tailored for both easy entertaining and everyday comfort. From its streamlined open living areas to its private nooks perfect for remote work or relaxation, every inch of this home has been carefully curated to enhance flow, function, and flexibility. Whether you're hosting a lively gathering or enjoying a peaceful night in, this home effortlessly adapts to your lifestyle. From the moment you step inside, this home welcomes you with light-filled living spaces and a layout designed to move with your life. The main level offers seamless transitions between two spacious living areas, ideal for everything from movie nights to game-day gatherings. Tucked just off the main rooms, an enclosed sunroom invites you to slow down-perfect for morning coffee or an inspiring home office. At the heart of it all is the primary suite, fully reimagined to offer comfort and style. You'll love the spa-like bath and the expansive walk-in closet-a peaceful, private retreat to recharge. An additional bedroom round out the main level, offering plenty of space for guests, family, or hobbies. Upstairs, discover 2 more bedrooms and a bathroom space that's already plumbed and ready to go. Customize it to your taste and add instant equity. Thoughtful upgrades add depth throughout: custom built-ins in the dining room, crown molding, recessed lighting, and updated fixtures give the space a polished, modern feel. Even the laundry room got a glow-up-expanded, reconfigured, and fitted with custom barn doors, shelving, and a sleek Samsung washer and dryer. It's the kind of attention to detail that makes daily life feel a little easier-and a lot more stylish. Over the past few years, nearly every corner of this home has been upgraded or reimagined. Behind the walls, under the floors, and across the ceilings, you'll find thoughtful investments that offer comfort, efficiency, and peace of mind: Electrical system completely rewired with a new panel (2018), New HVAC system including furnace, ductwork, and thermostats (2018), plus a brand-new A/C unit (2024), Main sewer line replaced (2020) Security system with cameras added (2017) ,French drain installed to keep the basement dry (2019) ,Gutter covers and partial sod for low-maintenance outdoor care (2019-2020) and MORE. **Prime Location with No HOA** Live close to everything while still enjoying the feel of a quiet neighborhood. Situated near Cascade Heights, Westside Beltline, Lee + White development, John A. White Golf Course, Tyler Perry Studios, downtown Atlanta, and Hartsfield-Jackson Airport, you'll have easy access to shopping, dining, recreation, and major highways. And with no HOA, you'll enjoy true freedom to make this property your own. **Additional Highlights** Attic stairs, staircase, and hallway redesigned to create more distinct bedrooms ,main floor ceilings renovated with new sheetrock, recessed lighting, and dimmers (2019), custom chimney and fireplace remodel(2020),New rough plumbing for an additional upstairs bathroom (2021), Kitchen faucet replaced and fresh paint in main areas (2024), Landscaping and exterior improvements- including cement overlay and asphalt sealing (2019). Outside, enjoy off-street parking and a wide, level backyard that offers endless potential. Whether you dream of a fire pit, outdoor kitchen, ADU or swimming pool, there's space to bring your vision to life.
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Location
Property Details
Parking
- Description: Driveway, Parking Pad, Level Driveway
- Details: Kitchen Level, Off Street, Parking Pad
- Garage Spaces: 0
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Total): 2.0
Interior Features
- # of Rooms: 5
- # of Stories: 2
- Basement: Yes
- Basement Description: Crawl Space, Interior Entry, Unfinished
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Wood
- Roof Material: Composition
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 14017000020342
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Bungalow/Cottage
- Year Built: 1948
Tax Information
- Annual Tax: $4,382
Utilities
- Water & Sewer: Public
- Heating: Central
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Fulton
Listing Details
Investment Summary
- Monthly Cash Flow
- -$730
- Cap Rate
- 4.0%
- Cash-on-Cash Return
- -9.3%
- Debt Coverage Ratio
- 0.65
- Internal Rate of Return (5 years)
- -5.0%
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:
| $408,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$326,400 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $81,600 |
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:
| $12,240 |
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:
| $93,840 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,208 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $185 |
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:
| $1.13 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $326,400 |
|---|---|
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:
| $2,090 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $365 |
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:
| $175 |
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:
| $2,630 |
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:
| $2,500 | $30,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$150 | -$1,800 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,350 | $28,200 |
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% | -$365 | -$4,382 |
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% | -$175 | -$2,100 |
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% | -$200 | -$2,400 |
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% | -$125 | -$1,500 |
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% | -$125 | -$1,500 |
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 | 40% | -$990 | -$11,882 |
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:
| $1,360 | $16,320 |
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. | -$2,090 | -$25,080 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $730 | $8,760 |