$724,900
Investment Summary
- Monthly Cash Flow
- -$1,487
- Cap Rate
- 3.8%
- Cash-on-Cash Return
- -10.7%
- Debt Coverage Ratio
- 0.61
- Internal Rate of Return (5 years)
- -6.4%
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
Spacious, renovated Home in Prime Johns Creek Location__ Welcome to this beautifully maintained and updated residence nestled on a generous, level corner lot in the heart of Johns Creek. Surrounded by lush landscaping, the fully fenced side and backyard offer both walk-in and drive-in gate access—perfect for privacy and convenience. This east-facing home is bathed in morning light, highlighting features like the elegant two-story foyer, formal dining room with fireplace, and a vaulted home office with custom built-ins.__ The home has been repainted inside and out.__ Inside, you'll find brand-new hardwood flooring and carpet throughout, along with updated bathrooms and an updated, modern kitchen featuring ample, custom cabinetry, expansive counter space, and a walk-in pantry conveniently situated off the mudroom. Cozy up to one of three fireplaces located in the living room, den, and the luxurious upstairs primary suite.__ A standout feature is the versatile main-level suite with its own private entrance, full bath, walk-in closet, and independent HVAC—ideal for in-laws, teens, guests, or as a dedicated home office.__ Upstairs, the expansive primary suite includes dual walk-in closets and a spa-like bath with double vanities, a soaking tub, and a sleek glass-tiled shower. Three additional generously sized bedrooms also include walk-in closets, one with vaulted ceilings and attic access for additional storage.__ Enjoy year-round outdoor living in the screened-in porch or entertain guests in the spacious formal dining room.__ Located in the desirable Cameron Forest community, residents enjoy top-tier amenities including a junior Olympic pool, playground, clubhouse, and two tennis courts lined for pickleball. All within minutes of top-rated schools and premier shopping and dining at Avalon (5.7 miles) and The Forum (4.5 miles), with easy access to I-85, GA-400, and I-285.__ A unique feature of this home is the versatile suite on the main level. With its own private entrance, full bath, walk-in closet, and independent heating and air, it’s perfect as an in-law or teen suite, a guest room, or a spacious home office.__ Upstairs, the enormous master suite includes dual walk-in closets and a spa-inspired bathroom with dual vanities, a soaking tub, and a glass-tiled shower. Three additional generously sized bedrooms each offer walk-in closets, including one with vaulted ceilings and access to attic storage.__ Enjoy outdoor living year-round in the relaxing screened-in porch or entertain in style in the large formal dining room.__ Located in the sought-after Cameron Forest community, residents enjoy access to a junior Olympic pool, playground, clubhouse, and two tennis courts lined for pickleball. All this, plus top-rated schools and unbeatable access to Avalon (5.7 miles), The Forum (4.5 miles), and major highways including I-85, GA-400, and I-285.
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Location
Property Details
Parking
- Description: Garage, Garage Door Opener, Garage Faces Front, Kitchen Level, Level Driveway
- Details: Garage, Garage Door Opener, Garage Faces Front, Kitchen Level, Driveway
- Garage Spaces: 2
- Spaces Total: 6
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Partial): 1
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 8
- # of Stories: 2
- Basement Description: None
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Masonry
- Foundation: Slab
- Roof Material: Composition, Shingle
HOA
- Has HOA: Yes
- Association: Homeside Properties
- HOA Fee: $875/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 11069102440783
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Contemporary, Traditional
- Year Built: 1987
Tax Information
- Annual Tax: $3,608
Utilities
- Water & Sewer: Public
- Heating: Central, Forced Air, Natural Gas
- Cooling: Ceiling Fan(s), Central Air, Dual, Electric, Multi Units
Location
- County: Fulton
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,487
- Cap Rate
- 3.8%
- Cash-on-Cash Return
- -10.7%
- Debt Coverage Ratio
- 0.61
- Internal Rate of Return (5 years)
- -6.4%
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:
| $724,900 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$579,920 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $144,980 |
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:
| $21,747 |
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:
| $166,727 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,651 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $199 |
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:
| $1.07 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $579,920 |
|---|---|
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:
| 6.860% |
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:
| $3,804 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $301 |
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:
| $273 |
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:
| $4,378 |
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:
| $3,900 | $46,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$234 | -$2,808 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,666 | $43,992 |
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. | 8% | -$301 | -$3,608 |
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% | -$273 | -$3,276 |
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% | -$312 | -$3,744 |
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% | -$195 | -$2,340 |
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% | -$195 | -$2,340 |
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. | 2% | -$73 | -$876 |
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 | 35% | -$1,349 | -$16,184 |
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:
| $2,317 | $27,804 |
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. | -$3,804 | -$45,648 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $1,487 | $17,844 |