$2,145,000
Investment Summary
- Monthly Cash Flow
- -$8,565
- Cap Rate
- 1.4%
- Cash-on-Cash Return
- -20.8%
- Debt Coverage Ratio
- 0.22
- Internal Rate of Return (5 years)
- -16.1%
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
RIVER LOT! Spectacular views on 1. 29 acres with 110 feet of river frontage. A rare find of resort and estate style living in a custom home designed by renowned Spitzmiller & Norris in Sandy Springs constructed in 1995, this home is truly a one-of-a-kind property. Situated in a Cul-de-Sac overlooking the river, the home has three finished levels of over 9,500 SF exclusive of an additional 750 SF of heated and cooled space that has been used as a home office. When entering the home, you will be greeted by a 2-story foyer that leads to a 2-story great room that has beautiful views of the river and grounds. The primary floor includes a renovated kitchen with Thermador appliances, a large walk -in pantry, white cabinets, and a large bar with Brazilian granite counters. The home is made for generational living with a fully renovated en-suite secondary master suite on the primary floor. Also included on the primary floor are a paneled study or library, large dining room, breakfast area, keeping room, wet bar and a sunken family room with a vaulted beam ceiling with a stone fireplace, 2 half baths, and the laundry room. Adjoining the family room is a screened porch on the West side of the home that overlooks the woodland forest, creek and river. The estate sized master suite on the upper floor has a sitting room, new hardwood flooring, wet bar, fireplace and new custom designed master bath coupled with 2 walk-in-closets. The master suite also has a balcony providing a commanding view of the river, forest, hardscape and landscaping. The upper floor is completed by 4 additional bedrooms serviced by 2 renovated jack and jill baths. The expansive basement has an additional family room, kitchen, and half bath plus 2 bedrooms with a jack and jill bath, a beautiful media room and a circular sunroom or office with walls of windows overlooking the river. There are 10 foot and higher ceiling throughout most of the home with extensive molding. The home has gorgeous views of the Chattahoochee River from a number of locations. The exterior includes extensive hardscape, a double deck, patios and a custom firepit that provide vistas for any size event from a solo vantage point or many guests The residence also includes a separate sub-basement that is available for storage. The view of the sun rising over the river in the early morning is truly inspirational. And, if you enjoy walking along the river, you have direct access to the Chattahoochee River National Recreation Area (Island Ford Park) by crossing the creek that adjoins the park via steppingstones. The home has been extensively renovated during the tenure of the current owners since 2012. Renovations and/or additions include the kitchen, basement, most bathrooms, flooring, mechanical equipment, two level deck and balcony, hardscape, roof and gutter replacement. The exterior of the home and most of the interior has been repainted. The home will certainly be an exceptional property for years to come for its new owner.
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Location
Property Details
Parking
- Description: Attached, Garage, Garage Door Opener, Garage Faces Side
- Details: Attached, Garage, Garage Door Opener, Kitchen Level
- Garage Spaces: 4
- Spaces Total: 4
Bedroom Information
- # of Bedrooms: 8
Bathroom Information
- # of Baths (Full): 5
- # of Baths (Partial): 3
- # of Baths (Total): 0.0
Interior Features
- # of Rooms: 10
- # of Stories: 3
- Basement: Yes
- Basement Description: Daylight, Finished, Full, Interior Entry
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Masonry
- Roof Material: Composition
HOA
- Has HOA: Yes
- HOA Fee: $350/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 06036000010364
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: European
- Year Built: 1995
Tax Information
- Annual Tax: $11,148
Utilities
- Water & Sewer: Public
- Heating: Central, Forced Air, Natural Gas, Zoned
- Cooling: Ceiling Fan(s), Central Air, Electric, Zoned
Location
- County: Fulton
Investment Summary
- Monthly Cash Flow
- -$8,565
- Cap Rate
- 1.4%
- Cash-on-Cash Return
- -20.8%
- Debt Coverage Ratio
- 0.22
- Internal Rate of Return (5 years)
- -16.1%
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:
| $2,145,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,716,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $429,000 |
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:
| $64,350 |
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:
| $493,350 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 9,524 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $225 |
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:
| $0.51 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,716,000 |
|---|---|
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:
| $10,988 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $929 |
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:
| $343 |
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:
| $12,260 |
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:
| $4,900 | $58,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$294 | -$3,528 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,606 | $55,272 |
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. | 19% | -$929 | -$11,148 |
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% | -$343 | -$4,116 |
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% | -$392 | -$4,704 |
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% | -$245 | -$2,940 |
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% | -$245 | -$2,940 |
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. | 1% | -$29 | -$348 |
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 | 45% | -$2,183 | -$26,196 |
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:
| $2,423 | $29,076 |
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. | -$10,988 | -$131,856 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $8,565 | $102,780 |