$1,500,000
Investment Summary
- Monthly Cash Flow
- -$3,455
- Cap Rate
- 3.5%
- Cash-on-Cash Return
- -12.0%
- Debt Coverage Ratio
- 0.56
- Internal Rate of Return (5 years)
- -7.6%
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
Nestled in an exclusive enclave of just five executive residences, this stunning European-inspired home offers over 6,400 square feet of luxurious living space across three finished levels, complemented by a private, level backyard with room for a pool! From the moment you enter, you'll be captivated by the exquisite craftsmanship and rich finishes. The striking foyer, with its soaring ceilings, flows seamlessly into the formal dining room—perfect for hosting large, elegant gatherings. Natural light bathes the home, creating a warm and inviting ambiance throughout. The large gourmet kitchen is equipped with a prep island, gas cooktop, double ovens, and multiple pantries. Adjacent to the kitchen, a charming keeping room provides a cozy space for casual gatherings, complete with one of the home’s four fireplaces. For added convenience, the laundry room is situated just off the kitchen. The spacious living room, featuring a coffered ceiling, built-in bookcases, and an ornate mantel and fireplace, offers a relaxing retreat. Unwind and enjoy the double-sided fireplace in the expansive main-level owner's suite. The spa-like bathroom includes dual vanities, a jetted soaking tub, and a separate shower, while the designer walk-in closet is a homeowner’s dream. Upstairs, you’ll find three spacious secondary bedrooms, including one en-suite, all with walk-in closets, plus a Jack-and-Jill bathroom providing additional storage. The fully finished, tiled terrace level includes a large lovely bedroom suite with a full-sized bathroom, a theater room, a recreation room, a morning bar, and a central living room. This level opens into a covered patio and, a large, private, flat, fenced backyard. The three-car garage is designed with the height to accommodate a lift or extra storage, adding to its appeal. Owner upgrades: new Jenn-Air microwave and water purifier under the sink, custom built island in owner's suite closet, 2 new HVAC's with Eco bee premium thermostats x's 4, new water heater, refinished hardwood flooring throughout, installed new hardwood flooring to the basement stairs and basement landing, new fiberglass windows in dining room and 2 bedrooms, installed luxury, large format porcelain tile with decorative inlays and design in basement repainted first floor and majority of the basement, new premium carpeting and pads in all bedrooms, new blinds, backyard and side yards regraded and upgraded sprinkler system added, new sod, backyard hardscape and tree removal, renovated deck, aluminum under decking and ceiling fan/lights added. Hardwired 24/7 security systems cameras and DVR, floodlights with sirens and video surveillance (to remain). 1/2 Mile from the new Lula Hills development and Mason Mill Park offering 122 acres of trails along South Peachtree Creek connecting North Druid Hills and Clairmont Rd to Emory University, the VA Hospital and Lullwater Park. Mason Mill amenities include tennis, pickle ball, playground, public library, senior center, community center and creek access. From the trail you can also access Medlock Park which offers baseball fields and a playground.
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Location
Property Details
Parking
- Description: Garage, Kitchen Level, Storage
- Details: Attached, Garage, Garage Door Opener, Garage Faces Front, Kitchen Level, Storage, Electric Vehicle Charging Station(s)
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Partial): 1
- # of Baths (Total): 5.0
Interior Features
- # of Stories: 3
- Basement: Yes
- Basement Description: Daylight, Finished, Full, Interior Entry, Walk-Out Access
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Brick
- Foundation: Slab
- Roof Material: Composition, Shingle
HOA
- Has HOA: Yes
- HOA Fee: $1,500/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 1810101011
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: European, Traditional, Other
- Year Built: 2007
Tax Information
- Annual Tax: $13,051
Utilities
- Water & Sewer: Public
- Heating: Central, Forced Air, Natural Gas, Zoned
- Cooling: Ceiling Fan(s), Central Air, Multi Units, Zoned, Other
Location
- County: De Kalb
Listing Details
Investment Summary
- Monthly Cash Flow
- -$3,455
- Cap Rate
- 3.5%
- Cash-on-Cash Return
- -12.0%
- Debt Coverage Ratio
- 0.56
- Internal Rate of Return (5 years)
- -7.6%
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:
| $1,500,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,200,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $300,000 |
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:
| $45,000 |
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:
| $345,000 |
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:
| $1,200,000 |
|---|---|
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:
| $7,831 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,088 |
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:
| $567 |
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:
| $9,486 |
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:
| $8,100 | $97,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$486 | -$5,832 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $7,614 | $91,368 |
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. | 13% | -$1,088 | -$13,051 |
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% | -$567 | -$6,804 |
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% | -$648 | -$7,776 |
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% | -$405 | -$4,860 |
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% | -$405 | -$4,860 |
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. | 2% | -$125 | -$1,500 |
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 | 40% | -$3,238 | -$38,851 |
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:
| $4,376 | $52,512 |
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. | -$7,831 | -$93,972 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $3,455 | $41,460 |