$610,000
Investment Summary
- Monthly Cash Flow
- -$1,760
- Cap Rate
- 2.7%
- Cash-on-Cash Return
- -15.1%
- Debt Coverage Ratio
- 0.44
- Internal Rate of Return (5 years)
- -10.6%
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
Your search for the iconic American Dream Home ends here. Stop scrolling and explore this classic Cape Cod in a highly sought-after Atlanta neighborhood and a top-tier school district (Lakeside HS). You'll be just a one-block walk to the STEM and French Immersion Evansdale Elementary School and two blocks to the back entrance of Northumberland Swim Club for summer fun. Looking for a renovated kitchen, renovated baths, and a massive primary bedroom suite? This is it. Plus, a separate, free-standing, air-conditioned (and heated) artist's studio, writer's retreat, or home office awaits you in the backyard. Step inside and let's explore. The entire home features hardwood and ceramic tile floors, a dream for anyone with allergies, and there's a convenient main floor bedroom and full bath perfect for multi-generational living or a home office. The showstopper kitchen features detailed custom cabinets, stone countertops, a Frigidaire gas range, and a quiet Bosch dishwasher. Relax in the family room with its pegged hardwood floors, brick fireplace with gas logs and glass doors, and built-in bookcases, or step out onto the screened-in porch for casual entertaining. The mudroom between the family room and two-car garage features a private staircase leading directly to the primary suite. Upstairs, the layout is unique thanks to a new renovation. All the bedrooms have hardwood floors. The oversized first bedroom has space for a king-sized bed, sitting area, and two closets. A newly-renovated hall bath features a walk-in shower and a custom vanity. The second bedroom is currently a home office, but it would also make a great nursery, playroom, or standard bedroom. Walk through this room to find the laundry area and a second entrance to the stunning new primary suite, which has a vaulted ceiling, walk-in closets, and an elegant new bathroom with a spacious walk-in shower and a double vanity with stone countertops. The unfinished basement with a walkout to the backyard is a blank slate for you to create your own special space, whether it's a home gym, craft room, or a media room. The beautifully landscaped and fenced-in backyard has a spacious wood deck for grilling and a screened porch for enjoying your morning coffee. IMPORTANT UPGRADES - Nest thermostats. Water line and sewer line were replaced (2022). Cast iron sewer pipe in the basement was removed and replaced with modern plastic pipe. Driveway has been replaced. Retaining wall and professional landscaping in 2018. Three HVAC Systems: Primary bedroom suite has a separate HVAC system (2022), Main floor floor HVAC replaced in 2024, Second floor system, Plus split HVAC system in Back Yard Studio. NEIGHBORHOOD FEATURES: Walk one block to Evansdale Elementary School (located on same street). Walk two blocks to the back entrance of Northumberland Swim Club with lots of activities and entertainment during summer vacation. Affordable neighborhood club with a summer swim team. Nottaway Swim and Tennis Club is also nearby. Henderson Park with youth soccer leagues, tennis, playground, walking trails, a lake, world class birdwatching (really - it's a thing) and a community garden is just around the corner. Commuters will love being able to access I-85 inside the perimeter and the easy access to Buckhead, Midtown, downtown employment centers. Shopping and restaurants at nearby Embry Hills and Northlake Mall district. Main Street Tucker is just around the corner and gives a great hometown vibe to restaurants and shopping. Emory-CDC-New Arthur Blank CHOA are an easy morning drive from this home. No interstate travel necessary. Evansdale Elementary is a Dual Language Immersion (DLI) school with a 50/50 model, half of a student's instructional time is in English and half is in French. Students are admitted by lottery in Kindergarten and continue in the program through the 5th grade. FLOOR PLANS at end of Photo Stream.
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Location
Property Details
Parking
- Description: Driveway, Garage, Garage Door Opener, Level Driveway
- Details: Garage, Garage Door Opener, Kitchen Level
- Garage Spaces: 0
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Total): 3.0
Interior Features
- # of Stories: 2
- Basement: Yes
- Basement Description: Daylight, Exterior Entry, Interior Entry, Partial, Unfinished
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Brick
- Foundation: Block
- Roof Material: Composition
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 1826310004
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Brick 4 Side, Cape Cod
- Year Built: 1965
Tax Information
- Annual Tax: $9,288
Utilities
- Water & Sewer: Public
- Heating: Central, Natural Gas
- Cooling: Central Air, Electric
Location
- County: De Kalb
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,760
- Cap Rate
- 2.7%
- Cash-on-Cash Return
- -15.1%
- Debt Coverage Ratio
- 0.44
- Internal Rate of Return (5 years)
- -10.6%
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:
| $610,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$488,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $122,000 |
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:
| $18,300 |
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:
| $140,300 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,691 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $227 |
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:
| $1.15 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $488,000 |
|---|---|
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:
| $3,125 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $774 |
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:
| $217 |
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:
| $4,116 |
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:
| $3,100 | $37,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$186 | -$2,232 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,914 | $34,968 |
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. | 25% | -$774 | -$9,288 |
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% | -$217 | -$2,604 |
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% | -$248 | -$2,976 |
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% | -$155 | -$1,860 |
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% | -$155 | -$1,860 |
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 | 50% | -$1,549 | -$18,588 |
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:
| $1,365 | $16,380 |
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. | -$3,125 | -$37,500 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$1,760 | -$21,120 |