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$2,795,000

For Sale - Active
201 Dovecrest Dr, Atlanta, GA 30305
5 Beds
6 Baths
0 Square Feet
0.00 Acres Lot
Built in 2016
For Sale - Active
1 Units
Checked: 20 hours ago
Updated: Jun 11, 2025 at 09:53AM

Investment Summary


Monthly Cash Flow
-$10,809
Cap Rate
1.5%
Cash-on-Cash Return
-20.2%
Debt Coverage Ratio
0.25
Internal Rate of Return (5 years)
-15.5%

Property Description


0.00 Acres Lot
Built in 2016
For Sale - Active
1 Units

Elegant Urban Villa in the Heart of Buckhead Discover a rare opportunity to own an urban oasis in the most coveted area of Buckhead—just steps from Atlanta’s premier restaurants and upscale shopping. This gated, secure residence offers the privacy of a single-family home with the convenience of a low-maintenance, lock-and-leave lifestyle. Meticulously designed with 5 spacious bedrooms and 6 bathrooms, this like-new home features an expansive open-concept floor plan, beautifully landscaped courtyard, and masonry front deck. Enjoy the ease of low HOA fees and superior walkability. Exceptional amenities include: • Indoor gym and yoga studio • Private home office or au pair suite with separate entrance • Wine cellar and home theater • Kitchenette for entertaining • Two-car garage This home seamlessly blends luxury, function, and carefree living—perfect for those seeking space, security, and sophistication in one of Atlanta’s most vibrant neighborhoods.

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Location


Property Details


Parking

  • Description: Garage, Garage Door Opener, Garage Faces Side, Level Driveway, On Street
  • Details: Garage, Garage Door Opener, Garage Faces Side
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 5
  • # of Baths (Total): 6.0

Interior Features

  • # of Rooms: 11
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Daylight, Finished, Full, Walk-Out Access
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Rock, Stone
  • Foundation: Concrete Perimeter
  • Roof Material: Slate

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 170099LL4231
  • Lot Size: 0 sqft

Property Information

  • Property Type: Townhouse
  • Style: European
  • Year Built: 2016

Tax Information

  • Annual Tax: $43,188

Utilities

  • Water & Sewer: Public
  • Heating: Central, Forced Air
  • Cooling: Central Air, Multi Units

Location

  • County: Fulton

Listing Details


Listed by:
BILL AMES
Ames Realty Group, Inc.
(404) 255-4141

Source:
First Multiple Listing Service (FMLS)
MLS#: 7594969
First Multiple Listing Service (FMLS)

Investment Summary


Monthly Cash Flow
-$10,809
Cap Rate
1.5%
Cash-on-Cash Return
-20.2%
Debt Coverage Ratio
0.25
Internal Rate of Return (5 years)
-15.5%

Purchase Details

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Purchase price:
$2,795,000
Amount financed:
-$2,236,000
Down payment:
$559,000
Closing costs:
$83,850
Rehab costs:
$0
Initial cash invested:
$642,850
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$2,236,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$14,317
Property tax:
$3,599
Insurance:
$721
Private mortgage insurance (PMI):
$0
Monthly payment:
$18,637

Operating Income

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% Rent Monthly Yearly
Gross rent:
$10,300 $123,600
Vacancy loss: (6%)
6% -$618 -$7,416
Operating income:
$9,682 $116,184

Operating Expenses


% Rent Monthly Yearly
Property taxes: (35%)
35%-$3,599-$43,188
Insurance: (7%)
7%-$721-$8,652
Property management: (8%)
8%-$824-$9,888
Repairs & maintenance: (5%)
5%-$515-$6,180
Capital expenditures: (5%)
5%-$515-$6,180
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (60%)
60%-$6,174-$74,088

Cash Flow


Monthly Yearly
Net operating income:
$3,508 $42,096
Mortgage payments:
-$14,317 -$171,804
Cash flow:
$10,809 $129,708