$800,000
Investment Summary
- Monthly Cash Flow
- -$1,469
- Cap Rate
- 3.9%
- Cash-on-Cash Return
- -9.6%
- Debt Coverage Ratio
- 0.64
- Internal Rate of Return (5 years)
- -5.3%
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
Rare Opportunity in Cameron Hall - Sandy Springs - Move-In Ready 5BR 3.5 BA Home with Master on Main & Finished Basement. Welcome to an exceptional opportunity to own a stunning John Wieland-built home in the highly sought-after Cameron Hall Subdivision. This beautifully maintained residence offers 5 spacious bedrooms; including a main-level primary suite, 3 full and 1 half baths; and a Full Finished Basement designed for comfort, style, and seamless everyday living in an intimate, upscale community. Just a few blocks from City Springs, with its Nationally Recognized Performing Arts Center, Concerts, Festivals, and Programs, and a plethora of other Community Events, this home is perfectly located to take full advantage of the incredible lifestyle that City Springs has to offer. While you will notice the curb appeal of this home, it is understated compared to what awaits you when crossing the threshold of the front door. You are first greeted by gleaming hardwood floors, connecting the open living and dining rooms with their architecturally appealing cathedral and trey ceilings, and then leading to a perfectly sized kitchen with granite counters, designer cabinetry, stainless steel appliances, large center island with breakfast bar and convenient hand washing sink. The open concept of this chef-inspired eat-in kitchen extends to a contemporary inspired family room with its soaring 22-foot sloped ceiling and numerous windows, leading out to a sizeable deck overlooking a your private backyard. You'll love convenience of the oversized Owners Suite on the Main Level, with an equally expansive Bathroom which hosts two vanities, separate soaking tub and shower, and two spacious walk walk-in closets. What would make this Suite even more enjoyable?....opening up the French doors of your Suite to enjoy sitting out on your deck, while sipping a fresh cup of tea. For added convenience, your laundry room is located on the same floor, just between the kitchen and bedroom. Proceeding to the 2nd level, you will discover an open sitting area, 3 generously sized bedrooms and another full bathroom, with ample storage and opportunity to add an additional en suite bathroom. This floor level provides openings to both the front foyer, and the back family area, providing a well-lit connected space. Now, for more fun and adventure, and to fully appreciate to vastness of this home, proceed down to the full daylight terrace level, which has a convenient exterior entrance as well. Upon arriving on this floor, you will be welcomed by a new wet bar, complete with refrigerator. After preparing your popcorn and grabbing your favorite beverage, proceed straight ahead to your private home theater, no tickets required. Enjoy the added benefit of the adjacent private room for use as an office or 5th bedroom, and a full bathroom with porcelain tiled floors and shower. And just to be spaciously indulgent, the finished terrace level hosts a large bonus room to serve as a living area, dance hall, oversized home gym, art room, or even an expanded living area with its ability to host a full kitchen. The basement continues with a bonus unfinished space ready for your workshop or to serve as additional storage. Enjoy all this level has to offer, and then open your back door and step out into your spacious backyard..one of the largest in the neighborhood. The enriching lifestyle of this home extends beyond just City Springs. The location offers so much more such as the Whole Foods, Lifetime Fitness, Cinema, Major Retail, Pubs, and Chef-Driven restaurants just around the corner. With it's fabulous location, spacious move-in ready interior, the lock and go convenience of this home is made complete with your yard being manicured for you by the friendly and efficient HOA.
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Location
Property Details
Parking
- Description: Attached, Garage, Garage Door Opener, Kitchen Level, Level Driveway
- Details: Garage, Garage Faces Front, Kitchen Level, Driveway
- Garage Spaces: 2
- Spaces Total: 4
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 6
- # of Stories: 3
- Basement: Yes
- Basement Description: Daylight, Exterior Entry, Finished, Full, Interior Entry
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Rock, Stone
- Foundation: Concrete Perimeter, Slab
- Roof Material: Composition, Shingle
HOA
- Has HOA: Yes
- HOA Fee: $2,800/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 17012300090023
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Contemporary, Traditional
- Year Built: 1993
Tax Information
- Annual Tax: $6,231
Utilities
- Water & Sewer: Public
- Heating: Central, Forced Air
- Cooling: Ceiling Fan(s), Central Air, Electric
Location
- County: Fulton
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,469
- Cap Rate
- 3.9%
- Cash-on-Cash Return
- -9.6%
- Debt Coverage Ratio
- 0.64
- Internal Rate of Return (5 years)
- -5.3%
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:
| $800,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$640,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $160,000 |
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:
| $24,000 |
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:
| $184,000 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 4,729 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $169 |
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:
| $1.04 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $640,000 |
|---|---|
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:
| $4,098 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $519 |
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:
| $343 |
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:
| $4,960 |
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:
| $4,900 | $58,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$294 | -$3,528 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,606 | $55,272 |
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. | 11% | -$519 | -$6,231 |
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% | -$343 | -$4,116 |
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% | -$392 | -$4,704 |
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% | -$245 | -$2,940 |
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% | -$245 | -$2,940 |
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. | 5% | -$233 | -$2,796 |
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 | 40% | -$1,977 | -$23,727 |
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:
| $2,629 | $31,548 |
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. | -$4,098 | -$49,176 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$1,469 | -$17,628 |