$1,595,000
Investment Summary
- Monthly Cash Flow
- -$4,038
- Cap Rate
- 3.1%
- Cash-on-Cash Return
- -13.2%
- Debt Coverage Ratio
- 0.51
- Internal Rate of Return (5 years)
- -8.8%
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 815 Champions Close - A Rare Luxury Estate in the Heart of Milton. This is the lifestyle you've been waiting for. Situated on over an acre of lush, manicured grounds, 815 Champions Close offers an exceptionally private and peaceful retreat just moments from the best of Milton. With approx 7,500 square feet of exquisitely finished living space, this home blends timeless elegance with modern luxury-and is the lowest-priced pool property of its size currently available in Milton. From the moment you arrive, the property's presence is undeniable. Tucked back from the road and framed by mature trees, the stately front elevation and wide, covered front porch provide a gracious welcome and a hint at the grandeur inside. Step through the double front doors and into a home designed for both upscale entertaining and comfortable daily living. At the heart of the home is a high-end chef's kitchen, thoughtfully appointed with Viking and Sub-Zero appliances, custom cabinetry, an oversized center island, and walk-in pantry. Whether hosting a formal dinner party or casual gathering, this kitchen delivers the functionality and sophistication that discerning buyers expect. Just off the kitchen, you'll find large, open living spaces, formal and casual dining areas, and seamless transitions to outdoor living through double doors to a larger covered porch, with seasonal lake views. Indoor/outdoor living is truly exceptional here, thanks to two expansive covered decks overlooking the backyard, as well as a large covered front porch perfect for morning coffee or evening conversation. The park-like backyard is a showstopper-professionally landscaped with mature trees, flowering plants, and ample green space for play and relaxation. Anchoring it all is a heated resort-style pool and spa, thoughtfully designed for year-round enjoyment. Whether you're swimming laps, soaking in the spa, or hosting summer parties under the stars, this outdoor space feels like your own private resort. Inside, the floorplan is as flexible as it is luxurious. There are six generously sized bedrooms, each with its own private en-suite bathroom-a rare and valuable feature that ensures privacy and comfort for every member of the household and all guests. The primary suite is a sanctuary on the main level, complete with a spa-inspired bathroom, his and her custom walk-in closets, and beautiful views of the rear grounds through double doors to another covered deck. Additional highlights include: Three-car garage with professionally finished epoxy floors. Large finished basement ideal for entertaining and play areas. Seasonal lake views that bring beauty and tranquility to everyday life. Short distance to Bell Memorial Park, with athletic fields, playgrounds, and trails. Extensive millwork, freshly refinished hardwood floors, and designer finishes throughout. Multiple living areas, bonus rooms, and flexible spaces for home offices, fitness, or media. Ample storage throughout, including walk-in closets and built-in cabinetry. Located in one of Milton's most desirable areas, this home combines seclusion and serenity with convenient access to top-rated schools, parks, and all the charm the area has to offer. With no other home of similar size and features available in Milton at this price, 815 Champions Close presents a truly unmatched value. Current owners bought the property as their dream home, but now need to be closer to the airport for work. In their brief ownership they have done over $80k in repairs and updates, making this home turnkey and ready for the next owners to enjoy. RECENT UPDATES: New Roof (2021), Refinished Hardwood Floors (2025), Epoxy Garage Floor (2025), Newer HVAC, hot water hearers and pool equipment, Extensive Septic / Chimney / Pool Repairs, Smart home security and nest thermostats, If you've been waiting for the perfect combination of space, luxury, and lifestyle-your wait is over.
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Location
Property Details
Parking
- Description: Attached, Garage, Garage Faces Side, Kitchen Level, Level Driveway
- Details: Garage, Attached, Garage Door Opener, Parking Pad
- Garage Spaces: 3
- Spaces Total: 3
Bedroom Information
- # of Bedrooms: 6
Bathroom Information
- # of Baths (Full): 6
- # of Baths (Partial): 2
- # of Baths (Total): 7.0
Interior Features
- # of Rooms: 9
- # of Stories: 3
- Basement: Yes
- Basement Description: Finished, Full, Daylight, Exterior Entry
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Wood
- Roof Material: Composition
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 22504005450502
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Craftsman
- Year Built: 2001
Tax Information
- Annual Tax: $17,481
Utilities
- Water & Sewer: Public
- Heating: Natural Gas
- Cooling: Zoned, Ceiling Fan(s), Central Air, Gas
Location
- County: Fulton
Listing Details
Investment Summary
- Monthly Cash Flow
- -$4,038
- Cap Rate
- 3.1%
- Cash-on-Cash Return
- -13.2%
- Debt Coverage Ratio
- 0.51
- Internal Rate of Return (5 years)
- -8.8%
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:
| $1,595,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,276,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $319,000 |
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:
| $47,850 |
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:
| $366,850 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 7,450 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $214 |
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:
| $1.09 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,276,000 |
|---|---|
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:
| $8,170 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,457 |
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:
| $567 |
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:
| $10,194 |
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:
| $8,100 | $97,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$486 | -$5,832 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $7,614 | $91,368 |
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. | 18% | -$1,457 | -$17,481 |
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% | -$567 | -$6,804 |
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% | -$648 | -$7,776 |
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% | -$405 | -$4,860 |
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% | -$405 | -$4,860 |
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 | 43% | -$3,482 | -$41,781 |
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:
| $4,132 | $49,584 |
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. | -$8,170 | -$98,040 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $4,038 | $48,456 |