VA-Loan Fixer Opportunity – 3012 Old Lodge Rd Hephzibah GA 30815 (3,331 sq ft / 5 bd

[Jarvin Jackson]

I'm evaluating this property as a VA-funded live-in renovation project with a 2-to-3-year hold → rental conversion.

Any info on this property would be greatly appreciated. 

Deal Snapshot

Address: 3012 Old Lodge Rd Hephzibah GA 30815

Beds/Baths/SF: 5 / 4 / ~3,331 sq ft

Lot: 1.12 acres

Year Built: 2022 (construction incomplete)

List Price: $274,900 (AS-IS)

Est. Repair Budget: $45k–$65k to complete construction and finish-out

Projected All-In: ≈ $320k or less

Projected ARV: $380k–$425k based on local 3k sf comps

Expected Rent Post-Reno: $2,300–$2,600/mo (Hephzibah 5-bed band)

Financing Plan

100% Disabled Vet → No VA Funding Fee

30-yr fixed VA Renovation loan ≈ 6.25% interest

Repair escrow to cover MPR items (post-closing completion)

Questions for the community

1. Any experience with VA renovation / escrow-repair loans and timeline issues?

2. Typical cost per sq ft to finish a newer (2022) construction home that’s 70-80% complete?

3. Reasonable cash-flow expectation given Hephzibah rents around $2.3k–$2.5k?

4. Any red flags with this subdivision or county permitting/final inspections?

Appreciate any local or investor insights—especially from CSRA or Augusta-area landlords who’ve rehabbed newer “unfinished build” listings.