$2,595,000
Investment Summary
- Monthly Cash Flow
- -$11,628
- Cap Rate
- 0.8%
- Cash-on-Cash Return
- -23.4%
- Debt Coverage Ratio
- 0.13
- Internal Rate of Return (5 years)
- -18.6%
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
A Rare Find in Murphey Candler Park, this magnificent 7 bed, 7.5 bath home exudes timeless elegance and superior craftsmanship, nestled on a beautifully manicured lot. Inside, you'll find spacious living areas filled with natural light, refined finishes, soaring 12 ft ceilings, custom woodwork and curated architectural details. The chef's kitchen features a Viking range, microwave, Sub-Zero refrigerator, 2 Miele dishwashers, separate ice maker, beverage center and hidden walk-in pantry. The adjacent breakfast nook containing a window seat with storage comfortably seats 8. The inviting family room has a gas fireplace and built-ins. The formal dining room area for 12 is adjacent to the versatile office/formal living room featuring custom built-ins and direct access to the front porch. The outdoor resort-style oasis includes a covered patio with a cozy stone fireplace and SunBrite outdoor TV overlooking the in-ground heated saltwater pool, creating the perfect outdoor living space with motorized screens for bug-free evenings. A luxurious primary suite on the main with a cathedral ceiling, his and her closets and direct access to the side patio and pool provides the perfect private retreat. The ensuite has dual vanities, dual shower heads and a soaking tub. A well-designed mudroom and adjacent laundry room provide the perfect drop zone. The 2nd floor accessible suite is a standout feature, offering comfort, privacy, and premium finishes-ideal for multi-generational living or long-term guests. Thoughtfully designed with elevator access to all levels including the garage. The ensuite features a jetted heated tub and a zero-entry shower. The space has its own dedicated HVAC system, supplementing the 2nd floor unit for personalized comfort. It also includes a wet bar, built-in beverage center and custom closet. The 2nd level continues to impress with 2 generously sized ensuite bedrooms with dual custom closets and window seats with storage. Two additional large bedrooms share a well-appointed bathroom with double sinks, a shower with bench, a separate water closet and a huge linen closet. A versatile loft area serves as the perfect home office/study zone. All bedrooms have ceiling fans and plantation shutters. The amazing day light terrace level is an extension of the home's luxurious living space. The central entertainment area is ideal for movie and sports watching, and billiards while being serviced by a kitchenette with a wet bar and ice maker. A spacious bedroom has access to a shared full bath and side entry, making it a perfect guest or in-law suite. Another room offers a flexible space ideal for crafting, guests, or a 2nd home office. A 3rd room is ideal for a gym, playroom or wine cellar. In addition, there is a 2nd full bath, a cedar closet, a carpeted utility/storage area with wood shelving. BUT WAIT-there's more. This home is thoughtfully equipped with a GE Whole House Generator, ensuring uninterrupted comfort and security. Designed to power all critical systems, refrigeration units, 2 tankless water heaters, electronic system and the pool. For tech-savvy/smart home homeowners, the property features many smart home enable devices. It is wired for a multi-room audio system with speakers installed and integrated on each level of the home and patio. This home is within minutes of some of the city's best private and public schools: Marist, Mount Vernon, Wesleyan, Greater Atlanta Christian, St. Pius, OLA, St. Martins, Chamblee High and Montgomery Elementary. Only moments away from premium shopping, restaurants, world class adult and childrens' hospitals and conveniently close to I-285, 400 and I-85. A 5 minute walk to Murphey Candler Park, one of Atlanta's most unique lakes and parks offering youth sports, fishing, and walking trail to nearby Brookhaven's Blackburn Park. This extraordinary home offers a rare combination of luxury, accessibility and location.
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Location
Property Details
Parking
- Description: Attached, Garage, Garage Faces Side, Kitchen Level, Level Driveway
- Details: Attached, Garage Door Opener, Kitchen Level, Garage
- Garage Spaces: 5
- Spaces Total: 5
Bedroom Information
- # of Bedrooms: 7
Bathroom Information
- # of Baths (Full): 7
- # of Baths (Total): 7.5
Interior Features
- # of Stories: 3
- Basement: Yes
- Basement Description: Finished, Exterior Entry, Interior Entry, Full, Daylight
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Brick
- Foundation: Slab
- Roof Material: Composition
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 1834608009
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Traditional
- Year Built: 2008
Tax Information
- Annual Tax: $18,108
Utilities
- Water & Sewer: Public
- Heating: Central, Natural Gas, Forced Air, Zoned
- Cooling: Central Air, Ceiling Fan(s), Zoned, Electric
Location
- County: De Kalb
Listing Details
Investment Summary
- Monthly Cash Flow
- -$11,628
- Cap Rate
- 0.8%
- Cash-on-Cash Return
- -23.4%
- Debt Coverage Ratio
- 0.13
- Internal Rate of Return (5 years)
- -18.6%
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:
| $2,595,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$2,076,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $519,000 |
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:
| $77,850 |
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:
| $596,850 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 8,092 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $321 |
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:
| $0.57 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $2,076,000 |
|---|---|
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:
| $13,293 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,509 |
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:
| $322 |
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:
| $15,124 |
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:
| $4,600 | $55,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$276 | -$3,312 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,324 | $51,888 |
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. | 33% | -$1,509 | -$18,108 |
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% | -$322 | -$3,864 |
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% | -$368 | -$4,416 |
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% | -$230 | -$2,760 |
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% | -$230 | -$2,760 |
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 | 58% | -$2,659 | -$31,908 |
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:
| $1,665 | $19,980 |
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. | -$13,293 | -$159,516 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$11,628 | -$139,536 |