Top 10 Georgia Zillow Investment Listings Ranked by Cash-on-Cash Return
Ten Atlanta-metro rental listings from Zillow ranked by cash-on-cash return—Milton and Alpharetta luxury markets with Realy metrics and investor notes.
These ten listings were pulled from North Atlanta Zillow markets (Milton, Alpharetta) and ranked by cash-on-cash return (CoC) using Realy’s Chrome extension—highest CoC first.
Every property on this screen shows negative CoC under lean assumptions. Alpharetta and Milton are premium owner-occupant markets where list prices far exceed what rent supports at 6.5% financing.
This is a screening list, not a buy list.
Calculation Assumptions Used
| Input | Setting |
|---|---|
| Down payment | 20% · Closing 1% · Rate 6.5% · 30Y fixed |
| Property taxes | 2% of sale value |
| Insurance, vacancy, maintenance, HOA | $0 (add your quotes) |
| Rent | Zillow Rent Zestimate |
At-a-Glance Ranking
| # | Address | Price | Beds/Baths | CoC | Cap Rate | Mo. CF | Rent/mo |
|---|---|---|---|---|---|---|---|
| 1 | 2815 Gleneagles Pointe | $820,000 | 4 / 4 | −0.9% | 5.9% | −$122 | $5,391 |
| 2 | 12737 Lecoma Trce | $989,900 | 3 / 4 | −5.9% | 4.8% | −$1,022 | $5,633 |
| 3 | 720 Highmeade Ter | $625,000 | 4 / 3 | −9.8% | 4.0% | −$1,070 | $3,132 |
| 4 | 12711 Ruths Farm Way | $1,599,000 | 5 / 6 | −9.8% | 4.0% | −$2,750 | $8,000 |
| 5 | 5475 Summit Oak Dr | $1,549,999 | 6 / 5 | −12.0% | 3.6% | −$3,241 | $7,180 |
| 6 | 735 Bethany Green Ct | $1,325,000 | 6 / 5 | −12.3% | 3.5% | −$2,854 | $6,054 |
| 7 | 850 Locust Grove Ct | $975,000 | 6 / 4 | −15.7% | 2.8% | −$2,684 | $3,871 |
| 8 | 1035 Lillian Dr | $1,499,000 | 5 / 5 | −16.3% | 2.6% | −$4,276 | $5,802 |
| 9 | 845 Nettlebrook Ln | $1,799,000 | 6 / 8 | −20.0% | 1.9% | −$6,299 | $5,796 |
| 10 | 15794 Thompson Rd | $3,199,000 | 6 / 7 | −24.9% | 0.8% | −$13,939 | $7,569 |
#1 — 2815 Gleneagles Pointe, Alpharetta GA 30005
Single family · 4 bed / 4 bath · 3,485 sqft · $820,000
| Metric | Value |
|---|---|
| Cash-on-cash | −0.9% |
| Cap rate | 5.9% |
| Monthly cash flow | −$122 |
| Total cash down | $172,200 |
Why it ranks #1: Closest to breakeven on this screen—$5,391/mo Rent Zestimate is the strongest rent-to-price ratio in the batch.
Investor notes: Open house Sun 12–2pm. Showcase listing with 3D tour. Still negative after debt—add insurance and vacancy and CoC worsens.
#2 — 12737 Lecoma Trce, Milton GA 30004
Single family · 3 bed / 4 bath · 2,904 sqft · $989,900
| Metric | Value |
|---|---|
| Cash-on-cash | −5.9% |
| Cap rate | 4.8% |
| Monthly cash flow | −$1,022 |
Investor notes: Showcase listing. $5,633/mo rent on ~$990K basis—Milton school district premium priced in.
#3 — 720 Highmeade Ter, Alpharetta GA 30005
Single family · 4 bed / 3 bath · 2,484 sqft · $625,000
| Metric | Value |
|---|---|
| Cash-on-cash | −9.8% |
| Cap rate | 4.0% |
| Monthly cash flow | −$1,070 |
Investor notes: Lowest price point in the set—still negative CoC. 11 days on Zillow.
#4 — 12711 Ruths Farm Way, Alpharetta GA 30004
Single family · 5 bed / 6 bath · 7,747 sqft · $1,599,000
| Metric | Value |
|---|---|
| Cash-on-cash | −9.8% |
| Cap rate | 4.0% |
| Monthly cash flow | −$2,750 |
Investor notes: $41K price cut (Jul 2). 55 days on market—seller motivation signal, but still deep negative cash flow.
#5 — 5475 Summit Oak Dr, Milton GA 30004
Single family · 6 bed / 5 bath · 5,400 sqft · $1,549,999
| Metric | Value |
|---|---|
| Cash-on-cash | −12.0% |
| Cap rate | 3.6% |
| Monthly cash flow | −$3,241 |
Investor notes: Open house Sun 2–4pm. 3D tour available.
#6 — 735 Bethany Green Ct, Milton GA 30004
Single family · 6 bed / 5 bath · 6,151 sqft · $1,325,000
| Metric | Value |
|---|---|
| Cash-on-cash | −12.3% |
| Cap rate | 3.5% |
| Monthly cash flow | −$2,854 |
#7 — 850 Locust Grove Ct, Alpharetta GA 30004
Single family · 6 bed / 4 bath · 3,887 sqft · $975,000
| Metric | Value |
|---|---|
| Cash-on-cash | −15.7% |
| Cap rate | 2.8% |
| Monthly cash flow | −$2,684 |
Investor notes: 6-bedroom layout—verify whether rent comps reflect full-house lease vs. room rental.
#8 — 1035 Lillian Dr, Alpharetta GA 30004
Single family · 5 bed / 5 bath · 4,919 sqft · $1,499,000
| Metric | Value |
|---|---|
| Cash-on-cash | −16.3% |
| Cap rate | 2.6% |
| Monthly cash flow | −$4,276 |
Investor notes: $56K price cut (Jul 9). 19 days on market after reduction.
#9 — 845 Nettlebrook Ln, Milton GA 30004
Single family · 6 bed / 8 bath · 7,525 sqft · $1,799,000
| Metric | Value |
|---|---|
| Cash-on-cash | −20.0% |
| Cap rate | 1.9% |
| Monthly cash flow | −$6,299 |
Investor notes: 7,525 sqft estate—rent Zestimate likely understates luxury lease potential but still far from covering debt.
#10 — 15794 Thompson Rd, Milton GA 30004
Single family · 6 bed / 7 bath · 10,200 sqft · $3,199,000
| Metric | Value |
|---|---|
| Cash-on-cash | −24.9% |
| Cap rate | 0.8% |
| Monthly cash flow | −$13,939 |
Investor notes: New construction builder spec. $671K cash down. Not a cash-flow play—luxury appreciation or custom lease only.
Georgia Patterns
| Pattern | Takeaway |
|---|---|
| 0/10 positive CoC | North Fulton is an appreciation market at list prices |
| Price reductions | #4 and #8 cut $41K–$56K—negotiate but math still negative |
| vs. Midwest | Compare Illinois or Ohio for cash-flow screens |
| Strategy fit | BRRRR or value-add in outer suburbs—not $1M+ Milton listings |
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