$7,985,000
Investment Summary
- Monthly Cash Flow
- -$40,172
- Cap Rate
- 0.1%
- Cash-on-Cash Return
- -26.2%
- Debt Coverage Ratio
- 0.02
- Internal Rate of Return (5 years)
- -21.3%
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
There is extraordinary-and then there is beyond extraordinary. Gracefully concealed behind double gates in Atlanta's premier zip code, Solene at Harris Trail is the epitome of rarefied elegance and architectural mastery. This landmark estate has just been masterfully reenvisioned by the same award-winning firm into one of the most breathtaking homes ever offered in Atlanta. Nestled on 2 gated acres, the property evokes the spirit of a French countryside manor with a tree-lined drive, boxwood hedges, twin fountains, and a motor court concealing five garage bays. The stately facade fuses rustic charm and formal symmetry, featuring limestone pilasters and brickwork with steep gables, a limestone arched entry, and a slate and standing seam metal roofline that crowns the composition with gravitas. A dramatic new steel and glass door opens to the grand foyer, where herringbone white oak floors, silk wall coverings, and bespoke lighting set a tone of refined elegance. At its heart, the double-height rotunda library rises in sculptural form-encircled by curved built-ins, illuminated by a towering bow window, and anchored by a carved limestone fireplace beneath a domed ceiling. A space designed not just to impress, but to inspire. The formal living room continues the elevated aesthetic with coffered ceilings, wide-plank oak flooring, steel French doors, and a fluted limestone fireplace-elevated by a sculptural dual-ring chandelier. Anchored by reclaimed beams, the kitchen and family room blend handcrafted detail with modern sophistication. A Taj Mahal quartzite waterfall island contrasts beautifully with taupe cabinetry, brass dome pendants, and a statement plaster hood above premium appliances. The adjoining breakfast room, wrapped in windows and brick, conjures the ambiance of a European conservatory. Just behind the kitchen, a butler's pantry and bar feature antiqued mirrored cabinetry, marble countertops, and glass-front storage-connecting to the formal dining room, where full-height paneling, a limestone fireplace, and arched window create understated grandeur. A nearby stair offers discreet access to the upper level. Privately situated in its own wing, the Owner's Suite is a private sanctuary. The groin-vaulted ceiling, limestone fireplace, and steel-framed doors open to a secluded lanai with views over the pool and gardens. Dual spa-inspired baths feature marble floors, a sculptural soaking tub, and oversized walk-in showers beneath vaulted ceilings. Boutique closets, a morning bar, private laundry, and a hidden door to the library add layers of thoughtful luxury. The fenced backyard is a resort-style oasis. A gracious lanai off the family room features a cabana bath, outdoor fireplace, and shaded lounge area, next to an outdoor kitchen and event lawn. At the center is a resort-style pool, jacuzzi, and limestone waterfall. Additional features include a putting green, firepit lounge, and a full-sized, lit sports court lined for tennis, pickleball, or basketball. Ascend the grand staircase or private elevator to the upper level, where a hall links six bedroom suites and five marble-clad baths. A second primary suite, upstairs family room with fireplace, additional laundry, and mezzanine library access complete this retreat with future-ready attic space. The terrace level is a world of its own, framed by soaring ceilings and windows that fill the space with daylight. The wellness retreat features an infinity-edge soaking tub, steam shower, sauna, massage room, mirrored gym, and laundry closet. The entertainment wing offers a glazed-tile bar, fireplace lounge, private theater, wine cellar, and a bonus room for hobbies or studio. A private walk-out lawn houses the whole-home generator and completes the estate's seamless indoor-outdoor lifestyle. Solene at Harris Trail is more than a home-it is a masterwork of design, a story of reinvention, and a legacy estate for those who live beyond the extraordinary.
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Location
Property Details
Parking
- Description: None
- Details: Carport, Garage, Garage Door Opener, Kitchen Level
- Garage Spaces: 0
- Spaces Total: 6
Bedroom Information
- # of Bedrooms: 9
Bathroom Information
- # of Baths (Full): 9
- # of Baths (Partial): 2
- # of Baths (Total): 11.0
Interior Features
- # of Rooms: 10
- # of Stories: 3
- Basement: Yes
- Basement Description: Daylight, Exterior Entry, Finished
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Rock, Stone
- Roof Material: Metal, Slate
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 170202LL0563
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Brick 4 Side, European, French Provincial, Tudor
- Year Built: 2006
Tax Information
- Annual Tax: $56,639
Utilities
- Water & Sewer: Public
- Heating: Central
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Fulton
Listing Details
Investment Summary
- Monthly Cash Flow
- -$40,172
- Cap Rate
- 0.1%
- Cash-on-Cash Return
- -26.2%
- Debt Coverage Ratio
- 0.02
- Internal Rate of Return (5 years)
- -21.3%
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:
| $7,985,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$6,388,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $1,597,000 |
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:
| $239,550 |
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:
| $1,836,550 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 16,153 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $494 |
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:
| $0.49 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $6,388,000 |
|---|---|
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:
| $40,903 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $4,720 |
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:
| $553 |
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:
| $46,176 |
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:
| $7,900 | $94,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$474 | -$5,688 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $7,426 | $89,112 |
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. | 60% | -$4,720 | -$56,639 |
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% | -$553 | -$6,636 |
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% | -$632 | -$7,584 |
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% | -$395 | -$4,740 |
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% | -$395 | -$4,740 |
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 | 85% | -$6,695 | -$80,339 |
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:
| $731 | $8,772 |
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. | -$40,903 | -$490,836 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $40,172 | $482,064 |