$4,250,000
Investment Summary
- Monthly Cash Flow
- -$19,218
- Cap Rate
- 0.7%
- Cash-on-Cash Return
- -23.6%
- Debt Coverage Ratio
- 0.12
- Internal Rate of Return (5 years)
- -18.8%
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
English Manor Estate custom built in 2009 by North Atlanta Properties minutes from Chastain Park in the heart of Sandy Springs, proudly boasting approx. 13,000 sq ft of thoughtfully designed space. This luxury brick and stone home is graciously sited on a 3/4 acre corner lot, behind layers of lush landscaping and a solid brick privacy wall, completely hidden from street view. As you pull in through the solid steel and mahogany automatic car gate onto the interlocking paver driveway, you are taken aback by the incredible landscaping that fully envelopes this lot. Step inside and see the perfect combination of modern conveniences with an elevated old world style! Walls of custom iron doors/windows, exposed brick and stone archways, gas lanterns, stained tongue & groove wood ceilings, Palladian windows, Brazilian Mahogany French Doors, rough hewn beams and more! Handsome main level study features 16' coffered ceilings, herringbone floors, hand carved stained cherry paneled walls, fireplace with custom mantle with marble surround + grand Palladium window. Formal dining room with custom trim, trey ceilings and is open to the formal living room with built-in bookcases and a custom hand-carved limestone mantle. One of a kind kitchen features professional grade appliances, furniture style cabinetry, double dishwashers, multiple ovens, warming drawer, refrigerator drawers, pot filler, huge island + separate professional chef scullery! The kitchen flows naturally through classic brick and stone archways to the breakfast room and large family room w/built in book shelves and fireplace. Temperature controlled 300+ bottle wine room and Butlers Pantry w/ice maker! Mud Room, Home Management/Office center and loads of storage throughout. Primary on main features a double trey ceiling with rope lighting, floor to ceiling box bay window and custom iron doors! Spa bath features heated tile floors, air jet soaking tub, steam shower with multiple heads and plenty of storage throughout. Primary closet has two distinct areas with custom built-in shelving and center island. With multiple living spaces, each offering their unique experience, this home can accommodate casual get togethers to formal dinners of 100+! The Sellers created a tremendous custom living space curated by the great Bill Harrison. Accessed through multiple areas of the home through custom iron doors, this space is pure zen. The entire back wall is comprised of custom, floor-to-ceiling, power iron windows that are operated by remote control. This jewel box of a room also features a custom two level clear-story which allows for natural light to flow from every direction! 5 generous guest bedroom suites and bonus room upstairs. Huge walk up attic with permanent stairs for additional storage! The finished terrace level doesn't disappoint. Large home gym, theater, built-in custom wet bar, private guest suite, two full bathrooms, billiards room, fireside den, dining area and enclosed flex lounge/entertainment space! The backyard is an oasis in the city! Professionally landscaped offering manicured privacy and featuring a heated Pebbletec saltwater pool with waterfall, heated spa + patio of Pennsylvania Lilac stone & custom outdoor fireplace. Sited on a corner lot which provide sidewalks + special turning lane for easy ingress/egress, walking & safe on street parking for guests. Whole house generator, Control4, putting green and loads of extras - Welcome Home!
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Location
Property Details
Parking
- Description: Garage, Garage Door Opener
- Details: Garage, Garage Door Opener
- Garage Spaces: 0
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 7
Bathroom Information
- # of Baths (Full): 8
- # of Baths (Partial): 1
- # of Baths (Total): 0.0
Interior Features
- # of Rooms: 13
- # of Stories: 2
- Basement: Yes
- Basement Description: Daylight, Exterior Entry, Finished, Full, Interior Entry
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Rock, Stone
- Roof Material: Composition
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 17012000010578
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Brick 4 Side, European
- Year Built: 2009
Tax Information
- Annual Tax: $34,773
Utilities
- Water & Sewer: Public
- Heating: Central, Forced Air, Natural Gas, Zoned
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Fulton
Listing Details
Investment Summary
- Monthly Cash Flow
- -$19,218
- Cap Rate
- 0.7%
- Cash-on-Cash Return
- -23.6%
- Debt Coverage Ratio
- 0.12
- Internal Rate of Return (5 years)
- -18.8%
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:
| $4,250,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$3,400,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $850,000 |
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:
| $127,500 |
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:
| $977,500 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 12,696 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $335 |
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:
| $0.62 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $3,400,000 |
|---|---|
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:
| $21,771 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $2,898 |
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:
| $25,222 |
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. | 37% | -$2,898 | -$34,773 |
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 | 62% | -$4,873 | -$58,473 |
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:
| $2,553 | $30,636 |
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. | -$21,771 | -$261,252 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $19,218 | $230,616 |