$1,385,000
Investment Summary
- Monthly Cash Flow
- -$3,893
- Cap Rate
- 2.8%
- Cash-on-Cash Return
- -14.7%
- Debt Coverage Ratio
- 0.45
- Internal Rate of Return (5 years)
- -10.2%
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
Refined Estate Living in Exclusive Oak Ridge on the Green. Discover the perfect blend of elegance, comfort, and resort-style living in this beautifully updated estate home, nestled within the highly coveted Oak Ridge on the Green-a private, no-HOA enclave in Milton, just north of Alpharetta. From the moment you step onto the welcoming rocking chair front porch, you're drawn into a home thoughtfully designed for both luxurious everyday living and effortless entertaining. The main level begins with a dramatic two-story foyer that opens into a vaulted great room, flanked by formal living and dining rooms rich with architectural detail. Hardwood floors, newly sanded and re-stained, flow throughout most of this level, creating a warm and cohesive space. At the heart of the home is a chef-inspired, Tuscany-style kitchen, fully reimagined with granite countertops, elegant tile backsplash, and brand-new stainless steel appliances, including a Wolf gas cooktop. A large island with a second cooktop, two pantries, a breakfast bar, and a sunny dining area provide both functionality and beauty-ideal for casual mornings or hosting friends and family. The expansive primary suite, located on the main floor, is a true retreat. It offers a spacious sitting area, direct access to the backyard, and a newly completed spa-style bathroom featuring high-end finishes and a serene ambiance. From the kitchen, great room, and primary bedroom, step outside to a covered patio that overlooks your private backyard oasis. This backyard is designed for year-round enjoyment, with a heated saltwater pool surrounded by new tile and stamped concrete decking. Multiple levels of covered patios provide ample space to relax or entertain, while a garden area basks in full sun. A winding woodland path leads to a firepit nestled beneath the trees and a whimsical, shaded space lovingly described by the owners' grandchildren as "Middle Earth." Upstairs, you'll find three generously sized bedrooms-one with a private bath and the other connected via a Jack-and-Jill bath-as well as a large media or office room. A hidden door reveals access to the unfinished attic, offering storage or the potential for future expansion. The fully finished terrace level is practically a home of its own. It includes a spacious great room with fireplace, a large office with a private sitting area, a full bath, and unique specialty rooms such as a custom wine tasting room, a sauna/massage room, and a fitness area. With endless flexibility, this level is ideal for multigenerational living, guests, or customized hobbies. Outside, the professionally landscaped backyard has been completely transformed. In addition to the pool and firepit, all drainage has been routed underground, preserving the beauty and integrity of the space through every season. The extensive list of updates-totaling more than $650,000-includes refinished floors and stair railings, all-new paint and carpet, updated kitchen and primary bath renovation, new high-end appliances, designer light fixtures and ceiling fans, a redesigned stone fireplace, new garage doors, a new pool liner and equipment with saltwater and heating conversion, new decking on the porches, updated irrigation systems, outdoor lighting, sauna, wine room, new HVAC systems, dual hot water heaters, attic fans, and much more. Located about seven miles from downtown Alpharetta, Oak Ridge on the Green offers a rare combination of privacy, tranquility, and convenience. With top-rated Milton schools nearby and easy access to GA-400, Avalon, and the best of North Fulton living, this exceptional home is a true sanctuary that brings resort living to your doorstep.
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Location
Property Details
Parking
- Description: Garage, Level Driveway
- Details: Attached, Garage, Garage Door Opener, Kitchen Level
- Garage Spaces: 2
- Spaces Total: 2
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Partial): 1
- # of Baths (Total): 4.5
Interior Features
- # of Rooms: 10
- # of Stories: 2
- Basement: Yes
- Basement Description: Daylight, Exterior Entry, Finished, Full
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Rock, Stone
- Roof Material: Composition
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 22520005370359
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Brick 4 Side, Traditional
- Year Built: 1997
Tax Information
- Annual Tax: $9,603
Utilities
- Water & Sewer: Public
- Heating: Central, Forced Air, Zoned
- Cooling: Ceiling Fan(s), Central Air, Whole House Fan, Zoned
Location
- County: Fulton
Listing Details
Investment Summary
- Monthly Cash Flow
- -$3,893
- Cap Rate
- 2.8%
- Cash-on-Cash Return
- -14.7%
- Debt Coverage Ratio
- 0.45
- Internal Rate of Return (5 years)
- -10.2%
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:
| $1,385,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,108,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $277,000 |
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:
| $41,550 |
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:
| $318,550 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 5,603 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $247 |
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:
| $1,108,000 |
|---|---|
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:
| $7,095 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $800 |
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:
| $406 |
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:
| $8,301 |
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:
| $5,800 | $69,600 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$348 | -$4,176 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $5,452 | $65,424 |
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. | 14% | -$800 | -$9,603 |
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% | -$406 | -$4,872 |
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% | -$464 | -$5,568 |
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% | -$290 | -$3,480 |
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% | -$290 | -$3,480 |
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 | 39% | -$2,250 | -$27,003 |
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:
| $3,202 | $38,424 |
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. | -$7,095 | -$85,140 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $3,893 | $46,716 |