$3,750,000
Investment Summary
- Monthly Cash Flow
- -$15,739
- Cap Rate
- 1.1%
- Cash-on-Cash Return
- -21.9%
- Debt Coverage Ratio
- 0.18
- Internal Rate of Return (5 years)
- -17.1%
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
Nestled in the highly sought-after Chastain Park area, this one-year young Rosen Custom Homes residence strikes the perfect balance between laid-back southern sophistication & functionality. Situated on a beautiful flat lot that offers serene-like privacy despite its convenient location, this special home was carefully curated for your modern lifestyle with a focus on effortless entertaining & a blurred line between inside & out. The thoughtful floor plan allows you the flexibility to use the space in a way that best suits your needs both today & for years to come, including main-floor & second-floor primary suites & an office on main which can function as a guest suite or playroom. The white brick facade is punctuated by stunning double French steel entry doors which welcome you into a soaring two-story foyer. An oversized dining room showcases tranquil views of the lush front yard & is served by an exquisite wet bar, complete with floor-to-ceiling custom-lighted cabinets, a built-in Sub-Zero beverage cooler, & an ice maker. Taking center stage is the gorgeous open-concept kitchen & vaulted-beamed family room where a 10-foot wall-to-wall slider allows for a seamless transition to the covered fireside lanai. Designed for the culinary enthusiast, the kitchen is a masterpiece, featuring beaded inset cabinetry, a stunning waterfall-style quartz island, a Wolf range, full-size Sub-Zero refrigerator & freezer, a custom black metal vent hood, microwave drawer & a farmhouse sink flanked by dual dishwashers. A wall of windows in the breakfast room allows for unobstructed views of the pool while a stacked stone fireplace adds a stunning second focal point in the family room. The main-level primary suite is a true sanctuary, boasting a vaulted ceiling highlighted by a striking limestone fireplace & views of the private backyard & pool. The spa-like primary bathroom is a retreat unto itself, featuring heated floors, beautifully stained Mono Rubio cabinetry, luxurious marble tile, a walk-in shower, a separate soaking tub, & Kohler plumbing fixtures, a theme carried throughout the home. The expansive walk-in closet, outfitted with abundant storage, hanging space, & a custom island with drawers, completes this opulent suite. The main floor office offers floor-to-ceiling windows overlooking the backyard oasis & private access from the third garage bay. The spacious pool bathroom, the 2nd full bathroom on the main floor, is not only beautiful but is easily accessed from the office or directly from the pool deck. The main level also includes an expansive combination mudroom & laundry room, featuring dual built-in desks perfect for homework or remote learning & convenient locker-style storage for the whole family. Step outside to experience a true Zen retreat. The covered porch, featuring a stacked stone fireplace & equipped with an automatic screen, overlooks a heated PebbleTec saltwater pool & sunken spa, all set against the picturesque backdrop of a tranquil private lake. Upstairs, the airy landing offers views of the foyer and main living space before leading to four ensuite bedrooms, including a secondary primary suite. Each spacious bedroom boasts a walk-in closet, while an additional exercise room and unfinished attic space offer endless possibilities for customization. The fully finished terrace level is an entertainer’s dream, featuring another ensuite bedroom, a stylish wet bar and lounge, a recreation space, a media/theater room, and a future gaming room or wellness retreat. This exceptional move-in ready home is truly better than new, replete with all appliances, mounted televisions and custom window-treatments and offers the pinnacle of luxury living in an idyllic setting. With its breathtaking design, seamless indoor-outdoor flow, and unmatched attention to detail, this masterpiece presents a rare opportunity to embrace the lifestyle you’ve always dreamed of, today.
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Location
Property Details
Parking
- Description: Attached, Garage, Kitchen Level, Parking Pad
- Details: Attached, Garage, Garage Faces Side, Kitchen Level, Parking Pad, Electric Vehicle Charging Station(s), Driveway
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 7
Bathroom Information
- # of Baths (Full): 7
- # of Baths (Partial): 1
- # of Baths (Total): 8.0
Interior Features
- # of Rooms: 15
- # of Stories: 2
- Basement: Yes
- Basement Description: Daylight, Exterior Entry, Finished, Interior Entry, Walk-Out Access
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Rock, Stone
- Foundation: Concrete Perimeter
- Roof Material: Composition, Shingle
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 17012000010396
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Traditional
- Year Built: 2023
Tax Information
- Annual Tax: $30,398
Utilities
- Water & Sewer: Public
- Heating: Central, Natural Gas, Zoned
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Fulton
Listing Details
Investment Summary
- Monthly Cash Flow
- -$15,739
- Cap Rate
- 1.1%
- Cash-on-Cash Return
- -21.9%
- Debt Coverage Ratio
- 0.18
- Internal Rate of Return (5 years)
- -17.1%
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:
| $3,750,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$3,000,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $750,000 |
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:
| $112,500 |
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:
| $862,500 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 7,611 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $493 |
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:
| $1.14 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $3,000,000 |
|---|---|
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:
| $19,209 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $2,533 |
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:
| $609 |
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:
| $22,351 |
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:
| $8,700 | $104,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$522 | -$6,264 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $8,178 | $98,136 |
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. | 29% | -$2,533 | -$30,398 |
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% | -$609 | -$7,308 |
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% | -$696 | -$8,352 |
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% | -$435 | -$5,220 |
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% | -$435 | -$5,220 |
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 | 54% | -$4,708 | -$56,498 |
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:
| $3,470 | $41,640 |
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. | -$19,209 | -$230,508 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $15,739 | $188,868 |