$455,000
Investment Summary
- Monthly Cash Flow
- -$780
- Cap Rate
- 4.1%
- Cash-on-Cash Return
- -8.9%
- Debt Coverage Ratio
- 0.67
- Internal Rate of Return (5 years)
- -4.7%
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
Back on the market!! A Craftsman-style home in East Point's, Frog Hollow neighborhood; Your Story Begins Here! Imagine waking up to the gentle melodies of birds singing from the trees surrounding your home. In the quiet, tree-lined streets of Frog Hollow, this beautifully updated 4-bedroom, 3-bathroom Craftsman-style home offers a serene escape from the hustle and bustle of city life, yet keeps you connected to all the conveniences Atlanta has to offer. As you approach, the expansive rocking chair front porch welcomes you-a perfect spot to enjoy your morning coffee under the shade of our majestic magnolia tree. The picket-fenced front yard adds a touch of southern charm, while the privacy-fenced backyard offers a secluded oasis. A MUCH desired detached 2-car garage provides ample storage and convenience. Upon entering the home, you're greeted by gleaming hardwood floors that flow seamlessly throughout the open, airy living spaces. The high ceilings and abundant natural light create an atmosphere of warmth and openness, characteristic of the Craftsman aesthetic. A Hearth at the heart of the living area lies a cozy fireplace with an elegant tile surround. This focal point not only adds a touch of sophistication but also provides a perfect spot to unwind during chilly evenings, enveloping the room in a comforting ambiance. A Culinary Delights Awaits in the bright, open kitchen and will quickly become a chef's dream! The kitchen features white shaker cabinets, subway tile backsplash, and sleek black stainless LG appliances. The gleaming granite countertops offer ample space for meal preparation and casual dining. Whether hosting friends or enjoying a quiet meal, this kitchen is both functional and stylish. In addition to the 2 other main level bedrooms this home offers two luxurious owner suites, each designed with comfort and privacy in mind. The main-level suite provides convenient single-level living, while the upstairs suite boasts a private sitting room and an expansive walk-in closet. Both suites feature spa-like bathrooms with double vanities and custom-tiled showers, offering a tranquil retreat at the end of each day. Off the upstairs owners suite is a loft area that presents endless possibilities. Whether you envision it as a nursery, home office, or cozy reading nook, this flexible space adapts to your lifestyle needs, enhancing the home's functionality. Embrace the Outdoors in your large, level private backyard that beckons with its "she shed" or "man cave"-a tranquil retreat that feels like stepping into another world. Whether you're gardening, reading, or simply unwinding, this space offers a peaceful sanctuary. The front and backyards provide ample room for entertaining guests or enjoying quiet moments alone. Frog Hollow is more than just a place to live-it's a community. Stroll to nearby Downtown East Point, hop on MARTA for an easy commute, or explore the new East Point Path for a walk or bike ride. The neighborhood is rich in history and character, with many movies and TV shows filmed nearby, adding to its unique charm. Living in East Point, Georgia, offers a unique blend of small-town charm and urban convenience. Here's an overview of what makes it special and the key attractions that define the area. This isn't just a house; it's a lifestyle. It's about enjoying the peace and tranquility of nature, while being just minutes away from the vibrant energy of Atlanta. It's about finding a place that feels like home from the moment you step through the door. ?? Ready to Make It Yours? Don't miss the opportunity to experience this enchanting home for yourself. Schedule a private tour today and start imagining your life in this beautiful Frog Hollow retreat.
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Location
Property Details
Parking
- Description: Detached, Garage, Level Driveway
- Details: Off Street
- Garage Spaces: 2
- Spaces Total: 2
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Total): 3.0
Interior Features
- # of Rooms: 7
- # of Stories: 2
- Basement Description: None
- 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: 14015600060312
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Traditional
- Year Built: 1920
Tax Information
- Annual Tax: $3,746
Utilities
- Water & Sewer: Public
- Heating: Central
- Cooling: Ceiling Fan(s)
Location
- County: Fulton
Listing Details
Investment Summary
- Monthly Cash Flow
- -$780
- Cap Rate
- 4.1%
- Cash-on-Cash Return
- -8.9%
- Debt Coverage Ratio
- 0.67
- Internal Rate of Return (5 years)
- -4.7%
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:
| $455,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$364,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $91,000 |
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:
| $13,650 |
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:
| $104,650 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,219 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $205 |
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:
| $1.22 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $364,000 |
|---|---|
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:
| $2,331 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $312 |
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:
| $189 |
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:
| $2,832 |
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:
| $2,700 | $32,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$162 | -$1,944 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,538 | $30,456 |
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. | 12% | -$312 | -$3,746 |
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% | -$189 | -$2,268 |
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% | -$216 | -$2,592 |
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% | -$135 | -$1,620 |
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% | -$135 | -$1,620 |
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 | 37% | -$987 | -$11,846 |
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:
| $1,551 | $18,612 |
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. | -$2,331 | -$27,972 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$780 | -$9,360 |