$1,650,000
Investment Summary
- Monthly Cash Flow
- -$6,464
- Cap Rate
- 1.4%
- Cash-on-Cash Return
- -20.4%
- Debt Coverage Ratio
- 0.24
- Internal Rate of Return (5 years)
- -15.7%
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
Nestled in the serene cul-de-sac of Milton's prestigious Marshalls Pond, this move-in-ready 6-bedroom, 6-full bathroom, and 2 half bath masterpiece spans a 1.26-acre lot, redefining luxury with timeless elegance and modern comfort. As you enter, large picture windows frame a breathtaking view of the sparkling pool waterfall, seamlessly blending the indoors with the walk-out main-level backyard. Designed for effortless living and grand entertaining, the open-concept layout exudes sophistication, centered around a gourmet kitchen with a large island that flows into a cozy fireside keeping room-one of four fireplaces throughout the home. Soaring vaulted ceilings and expansive windows showcase lush backyard vistas, creating an inviting ambiance. This space opens to a sprawling side patio with its own fireplace, perfect for morning coffee or hosting unforgettable evening gatherings. The private backyard oasis features a stunning pool and an expansive green lawn, enveloped by serene privacy and picturesque topography, ideal for play or relaxation. The beautiful neighborhood pond offers a tranquil retreat for residents, perfect for morning jogs, leisurely dog walks, or exclusive fishing. The main level continues to impress with a luxurious primary suite, complete with a fireplace, private deck access, a spa-inspired bathroom, and an oversized walk-in closet with abundant storage. A formal living room and elegant dining room, both with captivating outdoor views, elevate every hosting occasion. Upstairs, a versatile loft area complements three generously sized secondary bedrooms, each with its own en-suite bathroom. Above the garage, an expansive bedroom suite with a full bathroom offers flexibility such as a guest suite, office, gym, or apartment-style living. The terrace level is an entertainer's dream, designed for movie nights, game days, or lively gatherings, featuring a kitchenette and seamless access to the poolside outdoor living area. A sixth bedroom with an adjacent full bathroom ensures ample space for guests or family. Additionally, the 1,481 sq ft unfinished basement provides a blank canvas, ready to be transformed into a luxury wine cellar, state-of-the-art home theater, private fitness studio, or bespoke entertainment space tailored to your lifestyle. Vast unfinished storage areas ensure practicality meets luxury. Perfectly situated just minutes from the vibrant dining, shopping, and entertainment of Downtown Alpharetta, Avalon, and Downtown Crabapple, this extraordinary home offers unmatched convenience. Zoned for the highly desirable Milton High School, along with top-rated Northwestern Middle School and Birmingham Falls Elementary, this property ensures access to exceptional education. With five fireplaces, a sprawling lot, and endless opportunities for personalization, this Marshalls Pond estate invites you to move in and start living your dream today!
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Location
Property Details
Parking
- Description: Attached, Garage, Garage Door Opener, Garage Faces Side
- Details: Attached, Garage
- Garage Spaces: 0
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 6
Bathroom Information
- # of Baths (Full): 6
- # of Baths (Partial): 2
- # of Baths (Total): 7.0
Interior Features
- # of Rooms: 15
- # of Stories: 3
- Basement: Yes
- Basement Description: Concrete, Daylight, Exterior Entry, Interior Entry, Partial
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Wood
- Roof Material: Composition
HOA
- Has HOA: Yes
- HOA Fee: $2,000/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 22378006331031
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Traditional
- Year Built: 2006
Tax Information
- Annual Tax: $15,540
Utilities
- Water & Sewer: Public
- Heating: Natural Gas, Zoned
- Cooling: Ceiling Fan(s), Central Air, Electric, Zoned
Location
- County: Fulton
Listing Details
Investment Summary
- Monthly Cash Flow
- -$6,464
- Cap Rate
- 1.4%
- Cash-on-Cash Return
- -20.4%
- Debt Coverage Ratio
- 0.24
- Internal Rate of Return (5 years)
- -15.7%
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:
| $1,650,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,320,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $330,000 |
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:
| $49,500 |
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:
| $379,500 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 6,250 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $264 |
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:
| $0.80 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,320,000 |
|---|---|
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:
| $8,452 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,295 |
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:
| $350 |
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:
| $10,097 |
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:
| $5,000 | $60,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$300 | -$3,600 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,700 | $56,400 |
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. | 26% | -$1,295 | -$15,540 |
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% | -$350 | -$4,200 |
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% | -$400 | -$4,800 |
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% | -$250 | -$3,000 |
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% | -$250 | -$3,000 |
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. | 3% | -$167 | -$2,004 |
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 | 54% | -$2,712 | -$32,544 |
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:
| $1,988 | $23,856 |
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. | -$8,452 | -$101,424 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$6,464 | -$77,568 |