$1,995,000
Investment Summary
- Monthly Cash Flow
- -$7,749
- Cap Rate
- 1.5%
- Cash-on-Cash Return
- -20.3%
- Debt Coverage Ratio
- 0.24
- Internal Rate of Return (5 years)
- -15.6%
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
Welcome to an extraordinary masterpiece of modern luxury in the prestigious Country Club of the South! This exquisitely remodeled residence, featuring primary on main, is the epitome of sophistication and comfort, showcasing a unique blend of timeless elegance and contemporary design. Located on a coveted corner lot, the home is highlighted by a striking double-entry circular driveway and a stately hardcoat stucco exterior, offering unmatched curb appeal. Upon entering, you are welcomed by a grand 2-story foyer that seamlessly connects the home, with natural light pouring through the space. To the left, a refined office awaits, complete with its own fireplace, recessed lighting, and art nooks, creating the perfect setting for productivity or quiet reflection. To the right, the elegant dining room comfortably accommodates 12 guests, making it ideal for hosting intimate gatherings or extravagant dinner parties. A few steps down, the family room makes a stunning impression with soaring ceilings, a striking wall of windows, and a dramatic, large gray concrete-framed fireplace as its centerpiece. French doors open to the rear deck, effortlessly blending indoor and outdoor living. The main-level primary suite is a true sanctuary, featuring a cozy fireplace, an expansive layout, and direct access to a private office/organization space through a discreet pocket door. The spa-inspired en-suite bathroom is nothing short of spectacular, boasting a domed ceiling, abundant natural light, a large glass-enclosed shower with dual shower heads, a luxurious freestanding soaking tub, dual vanities, and expansive closets. A convenient powder room rounds out the main level's thoughtfully curated design. At the heart of the home lies the stunning kitchen, designed for both function and beauty. Imported modern cabinetry from Spain, grade-A granite countertops, and a stunning Taj Mahal quartzite island elevate this space to new heights. Outfitted with top-of-the-line stainless steel appliances, including a 5-burner gas cooktop, this culinary haven is complemented by ample storage, a spacious walk-in pantry, and a generous eat-in area, making it ideal for both everyday living and entertaining. The kitchen flows effortlessly into the generous-size keeping room, where a contemporary fireplace serves as the focal point. A cozy reading nook nearby offers serene views of the lush, private outdoors, while the adjacent deck provides additional space for entertaining. The main level also includes a spacious laundry/mudroom with outdoor access and an additional half bath. Take either staircase to the second level, where you'll find three generously sized en-suite bedrooms and a fourth bedroom currently configured as a gym offering flexibility to suit your lifestyle.The newly finished terrace level is a showstopper, perfectly designed for entertainment and relaxation. The walkout space is a captivating blend of modern textures, featuring a stunning double-sided rust metal patina fireplace. The enclosed glass, climate-controlled wine wall displays your finest bottles and is a work of art in and of itself; it would surely make Bacchus proud. A sleek curved bar fully outfitted with a microwave, ice machine, wine cooler, beverage cooler, and a 2-burner cooktop is sure to entertain your guests. A humidor room with a fireplace, visible through elegant glass doors, adds intrigue, while the open TV/media area creates a versatile space for relaxation or lively celebrations. A stylish guest suite with an en-suite bathroom featuring floating vanities and a glass shower offers guests comfort and privacy, with easy access to the private backyard. An unfinished storage area provides practical convenience. This home is further enhanced by six fireplaces throughout, contemporary light fixtures, and a 3-car garage with two car lifts. Note-Backyard has been photoshopped with an item removed and green grass. Home is sold AS IS. Submit proof of funds before you request a showing.
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
- Description: Garage, Level Driveway
- Details: Garage, Garage Door Opener, Garage Faces Side, Kitchen Level, Driveway
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 6
Bathroom Information
- # of Baths (Full): 5
- # of Baths (Total): 8.0
Interior Features
- # of Rooms: 10
- # of Stories: 2
- Basement: Yes
- Basement Description: Daylight, Exterior Entry, Finished, Interior Entry, Walk-Out Access
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Masonry
- Foundation: None
- Roof Material: Composition
HOA
- Has HOA: Yes
- HOA Fee: $3,800/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 11022100670588
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: European
- Year Built: 1988
Tax Information
- Annual Tax: $18,720
Utilities
- Water & Sewer: Public
- Heating: Forced Air, Natural Gas
- Cooling: Ceiling Fan(s)
Location
- County: Fulton
Listing Details
Investment Summary
- Monthly Cash Flow
- -$7,749
- Cap Rate
- 1.5%
- Cash-on-Cash Return
- -20.3%
- Debt Coverage Ratio
- 0.24
- Internal Rate of Return (5 years)
- -15.6%
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:
| $1,995,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,596,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $399,000 |
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:
| $59,850 |
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:
| $458,850 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 8,388 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $238 |
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:
| $0.75 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,596,000 |
|---|---|
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:
| $10,219 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,560 |
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:
| $441 |
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:
| $12,220 |
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:
| $6,300 | $75,600 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$378 | -$4,536 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $5,922 | $71,064 |
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. | 25% | -$1,560 | -$18,720 |
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% | -$441 | -$5,292 |
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% | -$504 | -$6,048 |
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% | -$315 | -$3,780 |
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% | -$315 | -$3,780 |
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. | 5% | -$317 | -$3,804 |
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 | 55% | -$3,452 | -$41,424 |
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:
| $2,470 | $29,640 |
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. | -$10,219 | -$122,628 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $7,749 | $92,988 |