$684,000
Investment Summary
- Monthly Cash Flow
- -$2,256
- Cap Rate
- 2.3%
- Cash-on-Cash Return
- -17.2%
- Debt Coverage Ratio
- 0.37
- Internal Rate of Return (5 years)
- -12.6%
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
You choose! Seller shall pay $10,000 toward Buyer's Closing Costs at Closing OR toward a reduction in List price with an accepted contract by 6/21/2025! Plus, up to $5500 Lender Credit available when using preferred lender, Matt Kuglin with Onward Home Mortgage! Experience refined luxury in this tastefully renovated John Wieland brick townhome, situated on a private, wooded, and fenced lot in the prestigious gated swim/tennis community of Weston. Located within walking distance to the highly anticipated Avalon-inspired Medley Town Center in Johns Creek, this home offers an exceptional blend of convenience and elevated living. With approximately $90,000 in thoughtful upgrades, this home showcases timeless sophistication and premium enhancements throughout. From new designer lighting and beautifully renovated kitchen and baths, every detail reflects pride of ownership. The main level features 10-foot ceilings, elegant crown and bead-board moulding, and beautiful hardwood floors that flow seamlessly into the formal dining room, enhanced by custom moulding and LED recessed lighting. The renovated kitchen is a chefs dream, offering a large, expanded one-level island with bead-board accents, brand-new quartz countertops, all-new stainless steel single sink basin, new appliances including refrigerator, cooktop, oven, microwave, and dishwasher, and two pantries including a walk-in pantry, under-cabinet lighting, and a sunlit breakfast area overlooking the private backyard. The large closets on each floor can be converted to an elevator! The butlers pantry adds charm and functionality with stained cabinetry, new quartz countertops, and decorative glass-front doors. The cozy family room centers around a gas fireplace and continues the theme of warmth and quality craftsmanship. Upstairs, the oversized primary suite offers a private retreat, complete with a spa-like bath featuring dual quartz vanities, a newly enlarged frameless tiled shower, a freestanding soaking tub with new tile surround, designer tile flooring, and two custom walk-in closet systems. A secondary ensuite bedroom also impresses with custom closet systems, a new quartz vanity, and decorative tile in the tub/shower combo and floors. The third level serves as an additional entertainment space, featuring a spacious family room, wet bar with granite countertops, a custom built-in media center, skylights, recessed lighting, and a bedroom, and half bath. Additional highlights include plantation shutters throughout, built-in bookcases, new tile in the laundry room, added shelving, new Kohler toilets, a new HVAC system, Nest thermostats, and a covered patio with bead-board ceiling and ceiling fan. The freshly durable sodded backyard is perfect for relaxing or entertaining. The finished two-car garage includes an epoxy floor, bead-board moulding and ceiling-mounted storage racks for storage needs. Newer HVAC! Enjoy all the amenities Weston has to offer, including a pool, tennis courts, playground, fitness center, park, and a luxurious clubhouse. Located near Johns Creek Emory Hospital/ the award-winning Lambert High School district and benefiting from low Forsyth County taxes, this home offers the pinnacle of luxury, location, and lifestyle. DonCOt miss your opportunity to own this extraordinary townhome in one of the most desirable communities North Atlanta has to offer.
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Location
Property Details
Parking
- Description: Garage
- Details: Attached, Garage, Garage Door Opener, Kitchen Level
- Garage Spaces: 2
- Spaces Total: 2
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Partial): 2
- # of Baths (Total): 0.0
Interior Features
- # of Stories: 3
- Basement Description: None
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Brick
- Foundation: Slab
- Roof Material: Composition
HOA
- Has HOA: Yes
- HOA Fee: $5,760/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Townhouse
Lot Information
- Parcel ID: 163355
- Lot Size: 0 sqft
Property Information
- Property Type: Townhouse
- Style: Brick 3 Side, Brick Front, Traditional
- Year Built: 2004
Tax Information
- Annual Tax: $4,820
Utilities
- Water & Sewer: Public
- Heating: Natural Gas, Zoned
- Cooling: Ceiling Fan(s), Central Air, Electric, Zoned
Location
- County: Forsyth
Investment Summary
- Monthly Cash Flow
- -$2,256
- Cap Rate
- 2.3%
- Cash-on-Cash Return
- -17.2%
- Debt Coverage Ratio
- 0.37
- Internal Rate of Return (5 years)
- -12.6%
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:
| $684,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$547,200 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $136,800 |
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:
| $20,520 |
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:
| $157,320 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,459 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $198 |
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:
| $0.93 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $547,200 |
|---|---|
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:
| $3,582 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $402 |
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:
| $224 |
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:
| $4,208 |
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:
| $3,200 | $38,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$192 | -$2,304 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,008 | $36,096 |
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. | 13% | -$402 | -$4,820 |
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% | -$224 | -$2,688 |
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% | -$256 | -$3,072 |
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% | -$160 | -$1,920 |
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% | -$160 | -$1,920 |
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. | 15% | -$480 | -$5,760 |
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% | -$1,682 | -$20,180 |
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:
| $1,326 | $15,912 |
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. | -$3,582 | -$42,984 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $2,256 | $27,072 |