$2,250,000
Investment Summary
- Monthly Cash Flow
- -$7,977
- Cap Rate
- 1.9%
- Cash-on-Cash Return
- -18.5%
- Debt Coverage Ratio
- 0.31
- Internal Rate of Return (5 years)
- -13.9%
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
Truly spectacular 6 bed/6 full/3 half bath, COMPLETELY REMODELED home with professionally finished TERRACE level on a LEVEL, fenced, POOL READY lot! Relax and unwind on the gorgeous, WRAP AROUND stone front porch with wood ceiling and 2 sets of French doors opening to the rest of the home. Enter through the custom double front doors into the tile foyer which flows through to French doors opening onto the covered rear porch. Arched entryways and columns frame each space. To your left is the family-sized dining room with bayed window, vaulted ceiling, extensive custom trim detail, hardwood floor and butler's pantry. The open plan living space features a warm and inviting family room with a beautiful brick fireplace and door to the stone porch with stack stone fireplace. The FULLY REMODELED GOURMET kitchen is perfect for the family chef and features quartz countertops, custom soft-close, lighted cabinetry, WOLF range with VENTED HOOD, 2 separate sinks, a large eat-in island, walk-in pantry with custom cabinetry, and a light, bright breakfast room with French doors to the expansive covered porch. The kitchen also features a SPEED OVEN on the kitchen island which is the secret weapon of home chefs and foodies! It is a hybrid appliance that combines the quick-cooking power of a microwave with the browning, crisping, and baking abilities of a convection oven. The OFFICE/STUDY features stunning stain grade floor-to-ceiling paneling throughout, exquisite trim detail, coffered ceiling and 2 walls of custom cabinetry. The living/reading room is the epitome of elegance with its arched windows, brick walls, paneled ceiling and bar hutch with wine fridge opening to the family room and kitchen. A large guest room with vaulted ceiling and French doors to the patio, a full, tiled bathroom, 2 beautifully updated powder rooms, home office/planning area and mud room complete this main level. Upstairs, a cozy library/reading nook with custom cabinetry form part of the large landing area. The romantic master suite features a beautiful vaulted ceiling, hardwood floor and a sublime NEWLY REMODELED spa bath with stand alone tub, double vanity, custom cabinetry, quartz countertops, backlit mirrors, huge frameless glass shower with double shower heads, vaulted ceiling and his-and-hers walk-in closets with custom cabinetry. 3 additional large bedrooms, one with a vaulted ceiling and each with walk-in closets and full, tiled en-suite bathrooms with custom cabinetry and granite countertops as well as a large laundry room with ventless dryer and sink complete this level. The professionally finished terrace level is an entertainer's dream and features a family room with a beautiful stack stone fireplace, full pub-style bar with granite countertops, custom lighted cabinetry, ice maker, fridge and dining area with French doors to the expansive stone patio and multiple entertaining areas. Enjoy the dedicated game room/pool room with tray ceiling, media room, bedroom/exercise room with access to the patio, REMODELED full, tiled bathroom with granite countertops and custom cabinetry, craft room and a second REMODELED half bathroom. This gorgeous homes multiple outdoor spaces all offer sweeping views of the LEVEL, FENCED, POOL-READY backyard! The upper porch features a stone floor, a stack stone fireplace, large sitting/dining area, paneled, vaulted ceiling and numerous entryways to the main level. The walkout stone patio on the terrace level features a beautiful paneled ceiling and a fire pit. Thoughtful details and features throughout include extensive architectural molding, designer lighting, REFINISHED HARDWOOD FLOORS THROUGHOUT ENTIRE HOME, 12 and 14 foot ceilings on the main floor, plantation shutters, a central vaccum and FRESH PAINT throughout. Restoration Hardware color, tones, stylings and furnishing. No detail has been overlooked in renovating this breathtaking home. From the sophisticated updates to its location in Atlanta's most sought-after gated g
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Location
Property Details
Parking
- Description: Attached, Driveway, Garage, Garage Door Opener
- Details: Attached, Garage, Garage Door Opener, Kitchen Level
- Garage Spaces: 3
- Spaces Total: 3
Bedroom Information
- # of Bedrooms: 6
Bathroom Information
- # of Baths (Full): 6
- # of Baths (Partial): 3
- # of Baths (Total): 7.5
Interior Features
- # of Rooms: 19
- # of Stories: 2
- Basement: Yes
- Basement Description: Daylight, Exterior Entry, Finished, Interior Entry
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Brick
- Roof Type: Gable or Hip
- Roof Material: Composition
HOA
- Has HOA: Yes
- Association: FIELDSTONE ASSOCIATION
- HOA Fee: $5,950/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: R7278214
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Brick 4 Side, European, Traditional
- Year Built: 2005
Tax Information
- Annual Tax: $25,154
Utilities
- Water & Sewer: Public
- Heating: Central, Forced Air, Natural Gas, Zoned
- Cooling: Ceiling Fan(s), Central Air, Electric, Zoned
Location
- County: Gwinnett
Listing Details
Investment Summary
- Monthly Cash Flow
- -$7,977
- Cap Rate
- 1.9%
- Cash-on-Cash Return
- -18.5%
- Debt Coverage Ratio
- 0.31
- Internal Rate of Return (5 years)
- -13.9%
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:
| $2,250,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,800,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $450,000 |
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:
| $67,500 |
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:
| $517,500 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 9,253 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $243 |
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:
| $0.96 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,800,000 |
|---|---|
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:
| $11,526 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $2,096 |
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:
| $623 |
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:
| $14,245 |
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:
| $8,900 | $106,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$534 | -$6,408 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $8,366 | $100,392 |
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. | 24% | -$2,096 | -$25,154 |
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% | -$623 | -$7,476 |
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% | -$712 | -$8,544 |
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% | -$445 | -$5,340 |
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% | -$445 | -$5,340 |
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. | 6% | -$496 | -$5,952 |
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% | -$4,817 | -$57,806 |
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:
| $3,549 | $42,588 |
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. | -$11,526 | -$138,312 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$7,977 | -$95,724 |