$690,000
Investment Summary
- Monthly Cash Flow
- -$2,586
- Cap Rate
- 1.8%
- Cash-on-Cash Return
- -19.6%
- Debt Coverage Ratio
- 0.28
- Internal Rate of Return (5 years)
- -14.9%
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
This spacious fully renovated top floor unit at The Carlyle, has so much to offer! it's incredible location in the heart of Buckhead, is ideal and just a short stroll to numerous places of worship, Peachtree Rd Farmers Market, and Duck Pond Park...just to name a few. Additionally, just down the street are renowned medical facilities, such as Piedmont Hospital and The Shepherd Center. It's also convenient to the many, shops, restaurants, entertainment venues and many of the other amenities that Buckhead has to offer, the community is secure, private, and gated, and has on-site management/ maintenance, and those are just some of the advantages of living at The Carlyle. The Carlyle is well known for living like a detached home, rather than a condo. 2570 +/- sq ft of livable space in a small, gated community! The privacy is unparalleled with only 2 homes per floor, 3 walls of windows and an abundance of natural light. This home has been fully renovated from top to bottom and is huge, the unit has a formal entry/foyer with wainscotting and crown molding. And has a central gallery hallway perfect for displaying works of art. As well as a powder room for guests. The kitchen has been opened up to allow for natural light to flow in to the kitchen, this beautifully designed kitchen gives you a traditional feel with all the modern conveniences you need. With tons of counter space, a breakfast bar area, and coffee area. All new antique white easy close cabinets, quartz countertops, new stainless-steel appliances, under cabinet lights, and even a bar area with an under-cabinet wine/beverage fridge. The formal dining area with built-in cabinets has traditional elements and allows you to still have a separate dining area but has a modern openness to the kitchen, perfect for anyone who loves to entertain. The unit has an oversized living room, and a formal den area that can be used as a home office, den, or TV room. The room offers a gas fireplace and built-in bookshelves. Off the den you will find a sunroom with traditional black slate flooring and floor to ceiling windows with a south facing midtown/downtown city view. The unit also offers 2 large bedrooms that have been designed as 2 separate primary suites. Or you can still use one as a guest bedroom. Primary Suite #1 is large enough to fit a king-sized bed and still have room to spare, it also features 2 nice sized walk-in closets with closet systems, and Private Bathroom with double vanity, limestone flooring, and a huge walk-in shower with a bench and floor to ceiling marble slab tiles. Primary Suite #2 is also large enough to fit a king-sized bed and still have room to spare, this suite has a huge walk-in closet, with closet systems and a dressing area with additional closet space, this Primary bathroom has a bath/tub combo, single vanity with quartz countertops, and marble flooring and tub surround. The unit also has a Separate laundry room with storage, and gives you access to the back hallway with a storage closet and mechanical closet and the back service stairwell. And if you still needed more storage the unit has a separate storage unit in building 4, each unit comes with 2 assigned parking spots one covered and one uncovered. Make sure not to miss this unit!
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Location
Property Details
Parking
- Description: Assigned, Carport, Detached
- Details: Assigned, Carport, Detached
- Garage Spaces: 0
- Spaces Total: 2
Bedroom Information
- # of Bedrooms: 2
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Partial): 1
- # of Baths (Total): 0.0
Interior Features
- # of Rooms: 6
- # of Stories: 1
- Basement Description: None
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Masonry
- Foundation: Slab
- Roof Material: Other
HOA
- Has HOA: Yes
- HOA Fee: $16,800/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Condominium Unit
Lot Information
- Parcel ID: 17010000080237
- Lot Size: 0 sqft
Property Information
- Property Type: Condominium
- Style: Contemporary
- Year Built: 1974
Tax Information
- Annual Tax: $7,442
Utilities
- Water & Sewer: Public
- Heating: Heat Pump
- Cooling: Ceiling Fan(s), Electric, Heat Pump
Location
- County: Fulton
Listing Details
Investment Summary
- Monthly Cash Flow
- -$2,586
- Cap Rate
- 1.8%
- Cash-on-Cash Return
- -19.6%
- Debt Coverage Ratio
- 0.28
- Internal Rate of Return (5 years)
- -14.9%
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:
| $690,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$552,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $138,000 |
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:
| $20,700 |
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:
| $158,700 |
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:
| $552,000 |
|---|---|
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:
| 6.810% |
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:
| $3,602 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $620 |
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:
| $308 |
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:
| $4,530 |
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:
| $4,400 | $52,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$264 | -$3,168 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,136 | $49,632 |
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. | 14% | -$620 | -$7,442 |
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% | -$308 | -$3,696 |
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% | -$352 | -$4,224 |
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% | -$220 | -$2,640 |
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% | -$220 | -$2,640 |
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. | 32% | -$1,400 | -$16,800 |
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 | 71% | -$3,120 | -$37,442 |
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:
| $1,016 | $12,192 |
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. | -$3,602 | -$43,224 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $2,586 | $31,032 |