$3,800,000
Investment Summary
- Monthly Cash Flow
- -$15,563
- Cap Rate
- 1.2%
- Cash-on-Cash Return
- -21.4%
- Debt Coverage Ratio
- 0.20
- Internal Rate of Return (5 years)
- -16.6%
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
This stunning brick Georgian home sits proudly on a coveted corner lot in the heart of Buckhead. Meticulously renovated for a sophisticated lifestyle, it offers the perfect blend of timeless elegance and modern convenience. As you step inside, you'll be instantly immersed in the atmosphere of a beautiful retreat, all while experiencing the finest in modern living. Built in 1941, this home was designed by renowned Atlanta architect Linton Hopkins Young who also designed the Old Edwards Inn in Highlands, NC. The sweeping foyer leads to graciously sized rooms, bathed in natural light that highlights the original moldings and doors. The banquet-sized dining room enchants with its exquisite French chandelier and hand-restored Zuber wallcovering, offering an experience that appeals to every sense. The oversized, brand-new marble kitchen is a chef’s dream, featuring the finest finishes and professional - grade appliances including double La Cornue range with ten burners and paneled Thermador fridge and freezer. An entertainer's dream there is an expansive marble island with seating for five and two dishwashers and additional luxuries that include a breakfast bar with icemaker and Thermador fridge and freezer drawers, an oversized pantry complete with additional ovens, scullery and prep kitchen. A handsome study offers flexibility as an office, keeping room, breakfast room, or even a playroom, with the original arched pocket doors providing the option to close off the space. The oversized living room with new custom doors provides endless opportunities for gatherings, flowing seamlessly into a light-filled sunroom connected by a newly installed Italian marble fireplace. The sunroom’s bifold doors fully open on two sides, creating a unique, year-round space to enjoy the outdoors inside. The main floor also includes a custom mudroom off the garage, a whimsical powder room, a bonus cabana half bath, and ample garage space. Above the garage, you’ll find a private bedroom retreat with several large closets and a beautifully appointed full bath. Up the grand staircase lies the dreamy primary suite—high ceilings, abundant light, and multiple custom built-in storage options. The suite includes dual adjacent marble bathrooms, an owner's sitting room, an oversized walk-in closet, and an additional laundry room, all completed by a handsome marble coffee bar with wine fridge. Two oversized secondary bedrooms with custom closet systems and marble en suite baths complete the second floor and part of the owner's suite could serve as an additional bedroom if needed. A hidden jib door leads to an enchanting custom staircase that rises to the third level—an awe-inspiring sky parlor with a breathtaking custom glass pyramid skylight. This magical space offers abundant storage and endless possibilities, whether for a studio, playroom, or office. The fully plumbed basement, with a newly installed barrel ceiling and large stone fireplace, is perfect for your vision of additional renovations, whether for a home theater, additional den with bar, exercise room and more. The private, fully fenced grounds offer a serene retreat, is in an ideal Buckhead location close to top private schools, shopping, restaurants and more. The expansive property includes a play set, a gazebo, and multiple flat areas ideal for adding a pool or sport court. This classic home has been brought back to life with the highest standards, incorporating smart home technology, a whole-house water purification system, well water for irrigation, new electrical wiring, and updated systems throughout. A piece of history, this home is an opportunity to create your own modern story.
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Location
Property Details
Parking
- Description: Garage, Garage Faces Rear, Kitchen Level, Level Driveway
- Details: Driveway, Garage, Garage Faces Rear, Kitchen Level
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 5
- # of Baths (Total): 7.0
Interior Features
- # of Rooms: 12
- # of Stories: 2
- Basement: Yes
- Basement Description: Bath/Stubbed, Daylight, Full
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Rock, Stone
- Foundation: Block
- Roof Material: Slate
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 17011400040110
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Traditional
- Year Built: 1941
Tax Information
- Annual Tax: $29,348
Utilities
- Water & Sewer: Public
- Heating: Central, Forced Air, Natural Gas, Zoned
- Cooling: Central Air, Zoned
Location
- County: Fulton
Listing Details
Investment Summary
- Monthly Cash Flow
- -$15,563
- Cap Rate
- 1.2%
- Cash-on-Cash Return
- -21.4%
- Debt Coverage Ratio
- 0.20
- Internal Rate of Return (5 years)
- -16.6%
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:
| $3,800,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$3,040,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $760,000 |
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:
| $114,000 |
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:
| $874,000 |
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:
| $3,040,000 |
|---|---|
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:
| $19,465 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $2,446 |
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:
| $644 |
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:
| $22,555 |
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:
| $9,200 | $110,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$552 | -$6,624 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $8,648 | $103,776 |
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. | 27% | -$2,446 | -$29,348 |
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% | -$644 | -$7,728 |
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% | -$736 | -$8,832 |
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% | -$460 | -$5,520 |
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% | -$460 | -$5,520 |
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 | 52% | -$4,746 | -$56,948 |
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:
| $3,902 | $46,824 |
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. | -$19,465 | -$233,580 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $15,563 | $186,756 |