$924,500
Investment Summary
- Monthly Cash Flow
- -$1,147
- Cap Rate
- 4.7%
- Cash-on-Cash Return
- -6.5%
- Debt Coverage Ratio
- 0.76
- Internal Rate of Return (5 years)
- -2.3%
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
Imagine a home where timeless charm meets modern sophistication, set on a lush 1.046-acre estate. This sprawling ranch on basements, built in 1964 and lovingly cared for by its sole owner since 1967, offers not just a residence but the opportunity to craft your own legacy. Ideally located near interstates 75 and 285, top-rated schools, and a variety of shopping and dining options, this distinguished property blends convenience with serene living. As you step through the front door, the slate-floored foyer greets you with a sense of understated elegance. It sets the tone for the exquisite details and thoughtful updates found throughout this remarkable home. Spaces to Savor - Sitting Room/Living Room: Sunlight cascades through generous windows, highlighting gleaming hardwood floors. This room invites quiet morning reflections or cozy evening conversations, offering the perfect blend of comfort and sophistication. Dining Room: Picture hosting unforgettable gatherings in the formal dining area. A dual-sided fireplace lends its warmth and charm, enhancing the ambiance of every shared meal. Family Room & Gourmet Kitchen: Imagine lively conversations and culinary creations in a home chef's dream kitchen, fully equipped with a gas cooktop, griddle, grill, double ovens, and a sleek Samsung smart refrigerator. Black granite countertops and soft-close cabinets ensure both beauty and function. Exposed beams and a cozy sitting area by the dual-sided fireplace complete the space, making it the heart of the home. Your Personal Sanctuary - Master Suite: The grand master bedroom is a haven of tranquility. Featuring engineered hardwood floors, custom built-in furnishings, and dual closets, this space offers both luxury and practicality. Master Bath: Indulge in spa-like relaxation with handmade Mexican tile flooring, skylights, dual vanities, a jetted tub, and a separate shower. Heated towel racks and a custom built-in for a mini wine cooler add thoughtful touches of opulence. Endless Possibilities - This home boasts two fully finished walkout basements, each tailored to meet diverse lifestyle needs. First Basement: Open and inviting, this space features a full bath and an antique billiard table, ideal for leisurely gatherings. Direct access to the heated gunite pool and an RV parking pad with a power hookup makes it perfect for entertaining, creating an in-law suite, or establishing a home theater. Second Basement: Two bonus rooms provide flexible options for a home office, gym, or creative studio. A half bath and ample open storage complete this versatile level. Exceptional Amenities - Heated Gunite Pool: Picture yourself enjoying sun-soaked days by the pool, surrounded by the peaceful beauty of your private oasis. Butler's Pantry: A charming butler's pantry along the hallway enhances organization and ensures effortless entertaining. Garage & Utilities: The two-car garage features epoxy floors and an electric car charger, catering to modern needs. A whole-home water filtration system offers peace of mind and added comfort. Abundant natural light fills every room, creating a warm and inviting atmosphere. Outdoors, a fire pit table offers the perfect setting for starry evenings, while the meticulously landscaped grounds provide both beauty and privacy. With proximity to interstates 75 and 285, this home offers easy access to top-rated schools, upscale shopping, and a variety of restaurants. Despite its convenient location, the property provides a peaceful retreat, blending urban accessibility with suburban tranquility. Built with enduring quality and thoughtfully updated over the years, this ranch home offers the perfect blend of timeless design and modern luxury. It stands ready to welcome its next discerning owner, promising to be the backdrop for a lifetime of cherished memories. Now is your chance to own a piece of architectural history, perfectly crafted for today's lifestyle.
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Location
Property Details
Parking
- Description: Attached, Driveway, Garage, Garage Door Opener, Garage Faces Side, Kitchen Level, Parking Pad
- Details: Attached, Garage, Garage Door Opener, Kitchen Level, Parking Pad
- Garage Spaces: 6
- Spaces Total: 6
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Partial): 2
- # of Baths (Total): 5.0
Interior Features
- # of Rooms: 8
- # of Stories: 1
- Basement: Yes
- Basement Description: Crawl Space, Daylight, Exterior Entry, Finished
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Wood
- Roof Material: Other
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 17013100040044
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Contemporary, Other, Ranch
- Year Built: 1964
Tax Information
- Annual Tax: $4,957
Utilities
- Water & Sewer: Private
- Heating: Central, Forced Air
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Fulton
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,147
- Cap Rate
- 4.7%
- Cash-on-Cash Return
- -6.5%
- Debt Coverage Ratio
- 0.76
- Internal Rate of Return (5 years)
- -2.3%
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:
| $924,500 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$739,600 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $184,900 |
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:
| $27,735 |
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:
| $212,635 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 4,810 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $192 |
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:
| $1.21 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $739,600 |
|---|---|
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:
| $4,736 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $413 |
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:
| $406 |
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:
| $5,555 |
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:
| $5,800 | $69,600 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$348 | -$4,176 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $5,452 | $65,424 |
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. | 7% | -$413 | -$4,957 |
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% | -$406 | -$4,872 |
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% | -$464 | -$5,568 |
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% | -$290 | -$3,480 |
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% | -$290 | -$3,480 |
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 | 32% | -$1,863 | -$22,357 |
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:
| $3,589 | $43,068 |
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. | -$4,736 | -$56,832 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$1,147 | -$13,764 |