$889,900
Investment Summary
- Monthly Cash Flow
- -$2,211
- Cap Rate
- 3.3%
- Cash-on-Cash Return
- -13.0%
- Debt Coverage Ratio
- 0.53
- Internal Rate of Return (5 years)
- -8.5%
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
Your Dream Lifestyle Awaits in Shiloh Farms in this exquisite 7-bedroom, 5.5 bathroom east-facing Alpharetta home. Welcome to a masterpiece of luxury and comfort nestled in the heart of the prestigious Shiloh Farms community. This breathtaking residence effortlessly combines elegance, functionality, and warmth - all set within the highly desirable Alpharetta address with the added bonus of lower Forsyth County taxes. Step through the brand-new steel front door and into a home that instantly takes your breath away. The dramatic two-story foyer sets the tone with its sweeping hardwood floors and an abundance of natural light that dances throughout the open-concept main level. Every corner of this home reflects thoughtful updates, timeless design, and a pride of ownership that you can feel from the moment you arrive. The front living room offers the flexibility to create your ideal home office, reading nook, or playroom, while the formal dining room with tray ceilings provides the perfect setting for memorable celebrations and holiday dinners. At the heart of the home lies a chef-inspired kitchen - a culinary haven outfitted with granite countertops, stainless steel appliances, and a brand-new built-in oven. Enjoy morning coffee in the sun-drenched breakfast nook or relax in the adjoining keeping room, all while gazing out at the tranquil, private backyard through walls of windows. The soaring two-story family room, complete with a show stopping crystal chandelier, invites cozy evenings and unforgettable moments with loved ones. Host like never before on your oversized entertainer's deck, thoughtfully designed to accommodate gatherings of 40+ guests - the ideal space for summer soirees, fall cookouts, or simply enjoying a quiet evening under the stars. Need a guest suite or multigenerational setup? The main-level bedroom with a full bath delivers comfort and privacy for guests, in-laws, or aging family members. Upstairs, retreat to the serene primary suite, a true sanctuary featuring a spa-inspired 5-piece ensuite bath and a spacious walk-in closet. Three additional bedrooms include one with a private bath and two connected by a Jack & Jill - all generously sized to meet the needs of a growing family. A convenient upper-level laundry room adds to the home's thoughtful layout. The fully finished terrace level is a showstopper - perfect as a nanny/in-law suite or a teen's ultimate hangout. With designer tile flooring, two large bedrooms, a full bath, and a half bath, this space also features a wet bar with the potential for a full second kitchen, a game room, media space, and abundant storage. Walk out to your oversized covered patio, now upgraded with new tile and lighting, for a peaceful extension of your indoor living space. Recent upgrades include: New interior paint, Brand-new carpet upstairs, New gutters, Epoxy-coated garage floor, Full yard irrigation system, Professionally landscaped and cleared backyard. Top-tier amenities & location, Shiloh Farms offers resort-style living with exclusive access to a pool, tennis courts, clubhouse, and playground - fostering a close-knit, active lifestyle. Enjoy unmatched convenience near Fowler Park, Big Creek Greenway, Halcyon, The Collections, Trader Joe's, and with easy access to GA-400. All this, while being zoned to top-rated Forsyth County Schools. This is more than a house - it's a lifestyle, a legacy, and a forever home. Don't wait - schedule your private tour today and fall in love with everything this spectacular property has to offer.
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Location
Property Details
Parking
- Description: Attached, Garage, Garage Door Opener, Garage Faces Front, Kitchen Level, Level Driveway
- Details: Attached, Garage, Garage Door Opener, Kitchen Level
- Garage Spaces: 2
- Spaces Total: 2
Bedroom Information
- # of Bedrooms: 7
Bathroom Information
- # of Baths (Full): 5
- # of Baths (Partial): 1
- # of Baths (Total): 0.0
Interior Features
- # of Stories: 3
- Basement: Yes
- Basement Description: Daylight, Exterior Entry, Finished, Full, Interior Entry
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Other
- Roof Material: Composition
HOA
- Has HOA: Yes
- Association: CMA Communities
- HOA Fee: $1,296/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 087213
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Brick Front, Traditional
- Year Built: 2000
Tax Information
- Annual Tax: $5,743
Utilities
- Water & Sewer: Public
- Heating: Central
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Forsyth
Investment Summary
- Monthly Cash Flow
- -$2,211
- Cap Rate
- 3.3%
- Cash-on-Cash Return
- -13.0%
- Debt Coverage Ratio
- 0.53
- Internal Rate of Return (5 years)
- -8.5%
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:
| $889,900 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$711,920 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $177,980 |
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:
| $26,697 |
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:
| $204,677 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 4,849 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $184 |
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:
| $0.91 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $711,920 |
|---|---|
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:
| 6.840% |
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:
| $4,660 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $479 |
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:
| $308 |
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:
| $5,447 |
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:
| $4,400 | $52,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$264 | -$3,168 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,136 | $49,632 |
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% | -$479 | -$5,743 |
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% | -$308 | -$3,696 |
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% | -$352 | -$4,224 |
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% | -$220 | -$2,640 |
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% | -$220 | -$2,640 |
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. | 2% | -$108 | -$1,296 |
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 | 38% | -$1,687 | -$20,239 |
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:
| $2,449 | $29,388 |
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. | -$4,660 | -$55,920 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $2,211 | $26,532 |