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$885,000

Sold
5335 Bannergate Dr, Alpharetta, GA 30022
4 Beds
0 Baths
3,722 Square Feet
0.00 Acres Lot
Built in 1984
Sold
1 Units
Checked: 8 hours ago
Updated: Jun 21, 2025 at 03:28AM

Investment Summary


Monthly Cash Flow
-$2,220
Cap Rate
3.1%
Cash-on-Cash Return
-13.1%
Debt Coverage Ratio
0.51
Internal Rate of Return (5 years)
-8.7%

Property Description


0.00 Acres Lot
Built in 1984
Sold
1 Units

Wow! Be prepared to fall in love with this four-sided brick beauty in sought after Doublegate community. No other home is like this in the active swim/tennis neighborhood and it is ready for you! Nestled on .63 private acres, you will love the rocking chair front porch, which is the perfect place to relax and unwind. You wonCOt want to miss the enclosed breezeway between the three car garage and the house which also leads to the extraordinary backyard with pool. ItCOs rare to find a one-story home with finished basement on a picture perfect property such as this. Step inside to the open concept main floor which features newly renovated kitchen with upscale appliances, quartz counters, new marble backsplash, new flooring and a renovated laundry room/pantry office also with quartz counters. The eat in kitchen overlooks the stunning backyard with extensive covered patio perfect for dining alfresco rain or shine. The heated chlorine pool has been renovated with flagstone coping, newer pebbletec finish, newer tile and boasts a spa that flows into the pool as well as a tanning ledge. Enjoy an outdoor fireplace with new tile patio perfect for a chilly night. The landscaping is stunning and blooms throughout the year and the landscape lighting creates a lovely ambiance. Back inside, the family room is impressive with built in bookcases and fireplace and also overlooks the gorgeous backyard. The renovated primary suite is well appointed and is located steps away from the backyard, separated by lovely French doors. The completely renovated luxurious primary bath is out of a magazine gorgeous and no detail was overlooked... heated floors, new marble counters, new cabinets, new soaking tub and oversized showerCa all awash in beautiful marble. Enjoy a stunning sliding door, wood feature ceiling with skylights and even outlets in the drawers for your convenience. The seller truly thought of everything! Two additional bedrooms and one bath grace the main level. The terrace level features an office, another family room with fireplace, bedroom, full bath, gym and mini kitchen that can be easily converted to a full kitchen. There is a ton of unfinished storage as well. Another unique feature of this home is the extra spacious three car garage with large unfinished room above with electricity. Water can be added easily to the room so that it could be an apartment or another office, or whatever you imagine. The sellers have meticulously maintained this home as the original owners. This home is truly a masterpiece. Welcome Home!

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Location


Property Details


Parking

  • Details: Detached, Garage, Kitchen Level
  • Garage Spaces: 3
  • Spaces Total: 3

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 0.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 1
  • Basement: Yes
  • Basement Description: Finished, Full
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Rock, Stone
  • Roof Material: Composition
  • Pool: Yes

HOA

  • Has HOA: Yes
  • HOA Fee: $110/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 11071102480140
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Brick 4 Side, Traditional
  • Year Built: 1984

Tax Information

  • Annual Tax: $6,085

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Fulton

Investment Summary


Monthly Cash Flow
-$2,220
Cap Rate
3.1%
Cash-on-Cash Return
-13.1%
Debt Coverage Ratio
0.51
Internal Rate of Return (5 years)
-8.7%

Purchase Details

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Purchase price:
$885,000
Amount financed:
-$708,000
Down payment:
$177,000
Closing costs:
$26,550
Rehab costs:
$0
Initial cash invested:
$203,550
Square feet:
3,722
Cost per square foot:
$238
Monthly rent per square foot:
$1.10

Financing Details

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Loan amount:
$708,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$4,533
Property tax:
$507
Insurance:
$287
Private mortgage insurance (PMI):
$0
Monthly payment:
$5,327

Operating Income

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% Rent Monthly Yearly
Gross rent:
$4,100 $49,200
Vacancy loss: (6%)
6% -$246 -$2,952
Operating income:
$3,854 $46,248

Operating Expenses


% Rent Monthly Yearly
Property taxes: (12%)
12%-$507-$6,085
Insurance: (7%)
7%-$287-$3,444
Property management: (8%)
8%-$328-$3,936
Repairs & maintenance: (5%)
5%-$205-$2,460
Capital expenditures: (5%)
5%-$205-$2,460
HOA fees: (0%)
0%-$9-$108
Total operating expenses: (38%)
38%-$1,541-$18,493

Cash Flow


Monthly Yearly
Net operating income:
$2,313 $27,756
Mortgage payments:
-$4,533 -$54,396
Cash flow:
$2,220 $26,640