$1,543,210
Investment Summary
- Monthly Cash Flow
- -$4,648
- Cap Rate
- 2.5%
- Cash-on-Cash Return
- -15.7%
- Debt Coverage Ratio
- 0.41
- Internal Rate of Return (5 years)
- -11.2%
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
A rare opportunity to claim your place in Chastain Park awaits at 235 Hillside Drive NW—where the city’s most beloved green space is just steps from your door. This is more than a home; it’s an address that unlocks a coveted lifestyle. Imagine strolling the park’s loop trail in the morning, playing a quick set of tennis, teeing off at the golf course, or catching a concert at the amphitheater—all without starting your car. Sidewalk-lined streets lead you past friendly neighbors, Galloway School, and even The Chastain for dinner. This location blends tranquility, connection, and convenience in a way only Chastain Park can deliver. Set on one of the neighborhood’s most desirable streets with a beautiful, flat homesite, this property offers two paths forward: enjoy it as the stylish, move-in-ready home it is today, or one day build your dream residence—knowing that in real estate, location is the factor that truly sets long-term value, and this address is among the best Chastain Park offers. Since its last sale, extensive, thoughtful improvements have been completed to ensure comfort, durability, and peace of mind—foundation reinforcement, advanced drainage solutions, modernized systems, and a refreshed interior that blends timeless character with modern appeal. Owner is a licensed real estate broker in Georgia (Lic. #37345) and South Carolina (Lic. #91363). Inside, light-filled living spaces flow effortlessly under vaulted, beamed ceilings and across refinished hardwood floors. A central stone fireplace anchors the open living and dining areas, while the kitchen delivers both form and function with updated appliances, honed stone counters, and generous workspace. The bedrooms are private and well-proportioned, with the primary suite enjoying its own vaulted ceilings and a tastefully updated bath. Outdoors, the property shines as a private retreat. The landscaped backyard is fully fenced, with a rebuilt deck and a built-in outdoor kitchen for effortless entertaining. The two-car garage features a premium polyaspartic floor coating and a Tesla charger, while the improved grading and drainage mean the home is prepared for every season. With no HOA or POA and the ability for short-term rental use, the flexibility here is unmatched. Whether you’re seeking a forever home, a lock-and-leave retreat, or a site for a future custom build, this property delivers on all counts. It’s the chance to own a rare combination of location, quality, and potential in one of Atlanta’s most treasured neighborhoods—and once you’ve lived steps from the park, waved to neighbors on your morning walk, and enjoyed the ease of being seconds from Buckhead’s heart, you’ll understand just how special it is.
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Location
Property Details
Parking
- Description: Attached, Garage Door Opener, Garage, Kitchen Level
- Details: Attached, Covered, Driveway, Garage, Garage Faces Front, Electric Vehicle Charging Station(s)
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Total): 3.0
Interior Features
- # of Rooms: 8
- # of Stories: 2
- Basement Description: None
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Masonry
- Foundation: Concrete Perimeter
- Roof Material: Composition
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 17011800010127
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Contemporary, European, Ranch
- Year Built: 1960
Tax Information
- Annual Tax: $14,738
Utilities
- Water & Sewer: Public
- Heating: Natural Gas
- Cooling: Ceiling Fan(s), Central Air, Electric, Heat Pump, Window Unit(s)
Location
- County: Fulton
Listing Details
Investment Summary
- Monthly Cash Flow
- -$4,648
- Cap Rate
- 2.5%
- Cash-on-Cash Return
- -15.7%
- Debt Coverage Ratio
- 0.41
- Internal Rate of Return (5 years)
- -11.2%
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:
| $1,543,210 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,234,568 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $308,642 |
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:
| $46,296 |
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:
| $354,938 |
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:
| $1,234,568 |
|---|---|
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:
| $7,905 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,228 |
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:
| $455 |
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:
| $9,588 |
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:
| $6,500 | $78,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$390 | -$4,680 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $6,110 | $73,320 |
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. | 19% | -$1,228 | -$14,738 |
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% | -$455 | -$5,460 |
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% | -$520 | -$6,240 |
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% | -$325 | -$3,900 |
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% | -$325 | -$3,900 |
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 | 44% | -$2,853 | -$34,238 |
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:
| $3,257 | $39,084 |
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. | -$7,905 | -$94,860 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $4,648 | $55,776 |