$2,450,000
Investment Summary
- Monthly Cash Flow
- -$9,387
- Cap Rate
- 1.5%
- Cash-on-Cash Return
- -20.0%
- Debt Coverage Ratio
- 0.25
- Internal Rate of Return (5 years)
- -15.3%
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 home features six bedrooms, five full and two half baths, and is nestled in the coveted Sarah Smith Elementary School district. It offers an exceptional blend of timeless charm and modern luxury. Thoughtfully updated throughout with high-end finishes, this home is designed for both comfortable living and elegant entertaining. A welcoming rocking chair front porch sets the stage for the grand entrance foyer. Inside, the renovated chef's kitchen is a dream come true, featuring gleaming quartz countertops, a brand-new Wolf gas range with double ovens, premium stainless steel appliances, and a sunny breakfast area that seamlessly flows into the dramatic two-story great room anchored by a cozy fireplace. The expansive dining area offers the perfect setting for hosting elegant gatherings or enjoying memorable meals with family and friends. A dedicated home office provides the perfect space for remote work, creative pursuits, or keeping life beautifully organized. The main level also boasts a private guest suite with a full bath, and a well-appointed mudroom with a built-in office nook - perfect for work or organization. Step outside to the large screened porch, an ideal space for year-round relaxation, overlooking the professionally landscaped backyard complete with a firepit area and an enchanting children's treehouse. Upstairs, the expansive primary suite is a true retreat with its own fireplace, serene sitting area, soaring vaulted ceilings, and dual custom walk-in closets. The spa-like primary bathroom has been completely reimagined, featuring heated floors, quartz countertops, a luxurious soaking tub, and an oversized walk-in shower. Three additional spacious bedrooms, each with custom closets, complete the upper level. The fully renovated terrace level offers even more living space with a bright bedroom and full bath, a state-of-the-art gym, a versatile playroom, a spacious family room with a wet bar with SubZero glass front refrigeration, and an additional powder bath - perfect for entertaining or relaxing. A two-car garage and abundant storage round out this exceptional property. This thoughtfully updated home features a long list of premium upgrades designed for modern living. The kitchen has been elevated with commercial-grade appliances, while every lighting fixture, along with recessed lighting throughout the home, has been newly installed for a cohesive, designer look. Bathrooms have been fully renovated, including the luxurious primary suite bath, the main powder room, and the basement bath. The newly finished terrace level adds exceptional functionality and style with a custom wet bar and built-in cabinetry. The living room has been refreshed, and the 2.5-car garage includes a professionally installed organization system. Step outside to a completely reimagined backyard retreat with expertly designed terracing, hardscaping, lush landscaping, a firepit, and a built-in Green Egg, ideal for both entertaining and relaxing. Ideally situated near Buckhead, major interstates, Chastain Park, top private schools, the recently expanded Path400 Trail, and the Blue Heron Nature Preserve, this home also lies within the highly sought-after Sarah Smith Elementary school district, offering a truly unmatched lifestyle in one of Atlanta’s most desirable neighborhoods.
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Location
Property Details
Parking
- Description: Attached, Garage Door Opener, Garage, Kitchen Level
- Details: Attached, Driveway, Garage, Garage Door Opener, Kitchen Level
- Garage Spaces: 2
- Spaces Total: 4
Bedroom Information
- # of Bedrooms: 6
Bathroom Information
- # of Baths (Full): 5
- # of Baths (Partial): 2
- # of Baths (Total): 7.0
Interior Features
- # of Rooms: 9
- # of Stories: 3
- Basement: Yes
- Basement Description: Daylight, Exterior Entry, Finished, Full, Interior Entry
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Wood
- Foundation: Combination
- Roof Material: Composition
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 17006300040178
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Traditional
- Year Built: 2007
Tax Information
- Annual Tax: $26,630
Utilities
- Water & Sewer: Public
- Heating: Forced Air, Natural Gas, Zoned
- Cooling: Attic Fan, Ceiling Fan(s), Central Air, Zoned
Location
- County: Fulton
Listing Details
Investment Summary
- Monthly Cash Flow
- -$9,387
- Cap Rate
- 1.5%
- Cash-on-Cash Return
- -20.0%
- Debt Coverage Ratio
- 0.25
- Internal Rate of Return (5 years)
- -15.3%
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:
| $2,450,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,960,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $490,000 |
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:
| $73,500 |
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:
| $563,500 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 6,843 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $358 |
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:
| $1.14 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,960,000 |
|---|---|
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:
| $12,550 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $2,219 |
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:
| $546 |
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:
| $15,315 |
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:
| $7,800 | $93,600 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$468 | -$5,616 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $7,332 | $87,984 |
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. | 28% | -$2,219 | -$26,630 |
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% | -$546 | -$6,552 |
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% | -$624 | -$7,488 |
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% | -$390 | -$4,680 |
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% | -$390 | -$4,680 |
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 | 53% | -$4,169 | -$50,030 |
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:
| $3,163 | $37,956 |
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. | -$12,550 | -$150,600 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $9,387 | $112,644 |