$2,650,000
Investment Summary
- Monthly Cash Flow
- -$7,208
- Cap Rate
- 2.9%
- Cash-on-Cash Return
- -14.2%
- Debt Coverage Ratio
- 0.47
- Internal Rate of Return (5 years)
- -9.7%
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
Discover the perfect blend of luxury and convenience at this stunning 6-bedroom, 6.5-bathroom home, ideally positioned along a quiet side street on a low-maintenance lot right next door to Chastain Park. With approximately 7,157 square feet of thoughtfully designed living space, this remarkable residence offers an unparalleled lifestyle literally steps from Atlanta's premier recreational greenspace. This immaculate home is perfectly maintained and available for immediate purchase and occupancy—just bring your belongings and start living the Chastain Park lifestyle! Unbeatable Chastain Park Location & Activities This rare opportunity places you at the doorstep of endless recreation and entertainment. Step outside to enjoy tennis courts, baseball and soccer fields, playgrounds, the equestrian center, swimming pool, and miles of scenic walking and jogging trails. The famous Chastain Park Amphitheater hosts world-class concerts throughout the year, while the beloved Chastain Restaurant offers fine dining just a short stroll away. Whether you're seeking active recreation, cultural entertainment, or casual dining, everything is within walking distance. The beautifully graded flat yard features low-maintenance landscaping and turf, creating an ideal private retreat that complements the park's abundant offerings. The park is soon to undertake a $10 million 35-acre expansion to add even more trails and fields to enjoy. Sophisticated Main Level The heart of the home showcases seamless flow between formal and casual living spaces. A welcoming foyer leads to a refined study with fireplace and adjacent formal dining room, perfect for business meetings or elegant entertaining. The gourmet kitchen serves as the home's central hub, featuring a sunny breakfast room, oversized island ideal for homework and casual dining, walk-in pantry, and butler's pantry. The kitchen flows effortlessly to the family room and extends to both a screened porch and open deck, creating exceptional indoor-outdoor living opportunities. A convenient main-level guest suite provides privacy and comfort for visitors. Luxurious Upper Level Retreat The upper level is dedicated to rest and relaxation, headlined by an impressive primary suite that functions as a private sanctuary. This master retreat includes a sitting room, breakfast bar, and exclusive private deck. Three additional bedrooms, each with ensuite bathrooms, and a well-positioned laundry room complete this level. Versatile Lower Level Entertainment The daylight-filled lower level transforms into the ultimate entertainment destination. A finished media room and separate recreation room with full built-in bar and island provide endless possibilities for gathering with family and friends. The adjacent covered patio with cozy fireplace extends the entertainment space outdoors. An additional bedroom and bathroom, generous storage areas, and direct three-car garage access add practical convenience to this exceptional level. This remarkable residence masterfully balances formal elegance with casual comfort, creating the ideal environment for both intimate daily living and grand-scale entertaining in one of Buckhead's most coveted park-side locations.
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Location
Property Details
Parking
- Description: Attached, Garage
- Details: Attached, Garage, Garage Faces Side
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 6
Bathroom Information
- # of Baths (Full): 6
- # of Baths (Total): 7.0
Interior Features
- # of Rooms: 14
- # of Stories: 3
- Basement: Yes
- Basement Description: Daylight, Finished, Full, Walk-Out Access
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Concrete
- Foundation: See Remarks
- Roof Material: Composition
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 17011900050296
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Traditional
- Year Built: 2017
Tax Information
- Annual Tax: $14,673
Utilities
- Water & Sewer: Private
- Heating: Central, Natural Gas, Zoned
- Cooling: Central Air, Zoned
Location
- County: Fulton
Listing Details
Investment Summary
- Monthly Cash Flow
- -$7,208
- Cap Rate
- 2.9%
- Cash-on-Cash Return
- -14.2%
- Debt Coverage Ratio
- 0.47
- Internal Rate of Return (5 years)
- -9.7%
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:
| $2,650,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$2,120,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $530,000 |
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:
| $79,500 |
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:
| $609,500 |
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:
| $2,120,000 |
|---|---|
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:
| $13,575 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,223 |
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:
| $770 |
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:
| $15,568 |
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:
| $11,000 | $132,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$660 | -$7,920 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $10,340 | $124,080 |
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. | 11% | -$1,223 | -$14,673 |
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% | -$770 | -$9,240 |
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% | -$880 | -$10,560 |
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% | -$550 | -$6,600 |
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% | -$550 | -$6,600 |
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 | 36% | -$3,973 | -$47,673 |
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:
| $6,367 | $76,404 |
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. | -$13,575 | -$162,900 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$7,208 | -$86,496 |