$800,000
Investment Summary
- Monthly Cash Flow
- -$2,444
- Cap Rate
- 2.5%
- Cash-on-Cash Return
- -15.9%
- Debt Coverage Ratio
- 0.40
- Internal Rate of Return (5 years)
- -11.4%
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
Welcome to refined living in the heart of Sandy Springs where luxury, lifestyle, and location converge! Located in the highly coveted Aria neighborhood, 6701 Prelude Drive is a stunning four-story townhome that seamlessly blends luxurious finishes, functional design, and timeless architecture in an unbeatable location. With its beautifully crafted faoade inspired by the arts and crafts style of 1800s England, with an air of medieval manor houses, this residence is part of one of Sandy Springs' most impressive new developmentsCojust moments from Aria Village, GA-400, and the vibrant shopping, dining, and cultural experiences of City Springs and Perimeter Center. Step inside and experience a thoughtfully designed layout that offers the perfect blend of openness and privacy across four levels. The terrace/entry level welcomes you with a versatile spaceCoideal as a home office, additional living area, or guest retreatCocomplete with a full bath and easy access to the two-car garage. As you move up to the main level, youCOll find yourself in the heart of the home: a seamless, open-concept floorplan anchored by a fireside living room with custom built-ins, an expansive dining area, and a beautifully appointed kitchen featuring sleek stone countertops, stainless steel appliances including a gas cooktop, and an oversized center island with plenty of seatingCoperfect for both daily living and lively entertaining. Sliding doors just off the living room open to a spacious deck, ideal for al fresco dining or morning coffee. Upstairs, the primary suite offers a serene escape with elegant finishes, hardwood flooring, and large windows that fill the room with natural light. The spa-like bath includes a stone-topped double vanity, a frameless glass shower with a built-in bench, and a generous custom designed walk-in closet. An additional bedroom with a private en-suite bath is also located on this level, providing comfort and privacy for guests or family members. The bonus space, the basement offers the versatility of a fourth bedroom and full bath or use it as a media room lounge area, gym, creative studio, or second office. Each level features stacked closets designed to accommodate a future elevator, should you desire added convenience. Aria is not just a place to liveCoit's a lifestyle. Residents enjoy resort-style amenities including two sparkling swimming pools, a well-equipped fitness center, a stylish clubhouse with lounge and meeting spaces, and over 12 acres of lush green space with walking trails, ponds, and peaceful seating areas tucked into nature. Here, the buzzing creativity of the city meets a scenic and walkable neighborhood that provides a seamless transition between living, working and playing. Experience this relaxing but active lifestyle with walkable access to Aria VillageCOs shops and restaurants, proximity to MARTACOs Red Line, top-rated schools, boutique shops, and local favorites like a variety of unique restaurants ,the Sandy Springs Tennis Center and acres of parks and natural areas just around the corner; this is truly one of the most connected and desirable addresses in Metro Atlanta.
Build Your Team
Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.
Agents
Match with investor-friendly agents who can help you find, analyze, and close your next deal
Lenders
Get the best funding…find investor-friendly lenders who specialize in your deal strategy
Property Managers
Transition to passive investing. Find a trusted property management partnership that lasts.
Tax Pros & Accountants
Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more
Location
Property Details
Parking
- Details: Attached, Garage
- Garage Spaces: 2
- Spaces Total: 2
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Partial): 1
- # of Baths (Total): 0.0
Interior Features
- # of Rooms: 7
- # of Stories: 3
- Basement: Yes
- Basement Description: Daylight, Finished
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Concrete
- Foundation: Slab
- Roof Material: Other
HOA
- Has HOA: Yes
- HOA Fee: $5,004/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Townhouse
Lot Information
- Parcel ID: 170034LL6515
- Lot Size: 0 sqft
Property Information
- Property Type: Townhouse
- Style: Brick Front
- Year Built: 2022
Tax Information
- Annual Tax: $8,270
Utilities
- Water & Sewer: Public
- Heating: Central
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Fulton
Investment Summary
- Monthly Cash Flow
- -$2,444
- Cap Rate
- 2.5%
- Cash-on-Cash Return
- -15.9%
- Debt Coverage Ratio
- 0.40
- Internal Rate of Return (5 years)
- -11.4%
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:
| $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:
| 2,448 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $327 |
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:
| $1.63 |
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:
| $689 |
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:
| $280 |
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:
| $5,067 |
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:
| $4,000 | $48,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$240 | -$2,880 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,760 | $45,120 |
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. | 17% | -$689 | -$8,270 |
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% | -$280 | -$3,360 |
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% | -$320 | -$3,840 |
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% | -$200 | -$2,400 |
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% | -$200 | -$2,400 |
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. | 10% | -$417 | -$5,004 |
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 | 53% | -$2,106 | -$25,274 |
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:
| $1,654 | $19,848 |
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 | $2,444 | $29,328 |