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$1,100,000

Under Contract
665 Greenview Ter, Alpharetta, GA 30004
6 Beds
0 Baths
5,597 Square Feet
0.00 Acres Lot
Built in 2000
Under Contract
1 Units
Checked: 17 hours ago
Updated: Jun 29, 2025 at 03:19AM

Investment Summary


Monthly Cash Flow
-$3,641
Cap Rate
2.2%
Cash-on-Cash Return
-17.3%
Debt Coverage Ratio
0.35
Internal Rate of Return (5 years)
-12.7%

Property Description


0.00 Acres Lot
Built in 2000
Under Contract
1 Units

Located in the gated community of Crooked Creek in Milton, Georgia, this beautifully updated six-bedroom, five-bathroom home offers the perfect blend of elegance, comfort, and modern convenience. Set on a private, wooded lot, the home provides a serene setting ideal for both everyday living and entertaining. Inside, you'll find light-filled spaces with hardwood floors, fresh interior paint, and updated lighting throughout. The spacious kitchen is a chef's dream, complete with ample cabinetry and counter space, and flows into a sunny breakfast room that overlooks the peaceful backyard. A fireside great room anchors the main level, offering a warm and inviting space for gathering, while a guest bedroom with a full bath on the main floor adds flexibility and convenience. The finished terrace level extends the living space and includes a large family room/bonus/media room, bar area, full bathroom, and a generous multi-use room perfect for a gym, 6th bedroom, playroom, office, or creative space. Upstairs, the home continues to impress with well-appointed bedrooms, including a spacious primary suite with a spa-like bath. Brand new carpet, oversized closets throughout with a three car garage. Residents of Crooked Creek enjoy access to unmatched community amenities, including two swimming pools with a 140-foot water slide and a zero-entry splash pool, ten lighted tennis courts, four pickleball courts, a playground, basketball court, and a clubhouse with meeting rooms, a catering kitchen, and bar. A full-time tennis staff and a competitive swim team further enhance the active lifestyle this neighborhood offers. Crooked Creek surrounds the private Iron Horse Golf Course with 18 holes of championship caliber golf, dining room, event space and bar. Located near top-rated public and private schools and just minutes from Halcyon, Avalon, Downtown Alpharetta, and GA 400, this home offers a rare opportunity to enjoy luxury living in one of Milton's most sought-after and convenient communities.

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Location


Property Details


Parking

  • Details: Garage
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 6

Bathroom Information

  • # of Baths (Full): 5
  • # of Baths (Total): 0.0

Interior Features

  • # of Rooms: 9
  • # of Stories: 3
  • Basement: Yes
  • Basement Description: Concrete, Daylight, Exterior Entry, Finished, Full
  • Fireplace: Yes

Exterior Features

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

HOA

  • Has HOA: Yes
  • HOA Fee: $3,050/annually

Land Information

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

Lot Information

  • Parcel ID: 22521006151012
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Brick 3 Side, Traditional
  • Year Built: 2000

Tax Information

  • Annual Tax: $6,138

Utilities

  • Water & Sewer: Public
  • Heating: Central, Forced Air, Natural Gas, Zoned
  • Cooling: Ceiling Fan(s), Central Air, Electric, Zoned

Location

  • County: Fulton

Listing Details


Listed by:
Mike S. Stevens
Ansley RE|Christie's Int'l RE
(770) 284-9900

Source:
Georgia MLS
MLS#: 10547942
Georgia MLS

Investment Summary


Monthly Cash Flow
-$3,641
Cap Rate
2.2%
Cash-on-Cash Return
-17.3%
Debt Coverage Ratio
0.35
Internal Rate of Return (5 years)
-12.7%

Purchase Details

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Purchase price:
$1,100,000
Amount financed:
-$880,000
Down payment:
$220,000
Closing costs:
$33,000
Rehab costs:
$0
Initial cash invested:
$253,000
Square feet:
5,597
Cost per square foot:
$197
Monthly rent per square foot:
$0.71

Financing Details

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Loan amount:
$880,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$5,635
Property tax:
$512
Insurance:
$280
Private mortgage insurance (PMI):
$0
Monthly payment:
$6,427

Operating Income

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% Rent Monthly Yearly
Gross rent:
$4,000 $48,000
Vacancy loss: (6%)
6% -$240 -$2,880
Operating income:
$3,760 $45,120

Operating Expenses


% Rent Monthly Yearly
Property taxes: (13%)
13%-$512-$6,138
Insurance: (7%)
7%-$280-$3,360
Property management: (8%)
8%-$320-$3,840
Repairs & maintenance: (5%)
5%-$200-$2,400
Capital expenditures: (5%)
5%-$200-$2,400
HOA fees: (6%)
6%-$254-$3,048
Total operating expenses: (44%)
44%-$1,766-$21,186

Cash Flow


Monthly Yearly
Net operating income:
$1,994 $23,928
Mortgage payments:
-$5,635 -$67,620
Cash flow:
$3,641 $43,692