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$300,000

For Sale - Active
108 Northside Dr, Calhoun, GA 30701
5 Beds
2 Baths
0 Square Feet
0.00 Acres Lot
Built in 1980
For Sale - Active
Units n/a
Checked: 11 hours ago
Updated: Jun 07, 2025 at 03:28AM

Investment Summary


Monthly Cash Flow
-$210
Cap Rate
5.3%
Cash-on-Cash Return
-3.7%
Debt Coverage Ratio
0.86
Internal Rate of Return (5 years)
0.5%

Property Description


0.00 Acres Lot
Built in 1980
For Sale - Active
Units n/a

This beautifully maintained 4-bedroom home with a versatile bonus room is nestled on a quiet, tree-lined street in Calhoun, GA. With $23,000 in brand-new windows, new ceiling fans in every room, and a new HVAC system, this home is move-in ready and packed with value. You'll love the inviting front porch, natural wood siding, and stone accents that give this home timeless curb appeal. Inside, spacious living areas are filled with natural light, and thoughtful improvements—including an encapsulated crawlspace and upgraded septic system with new field lines and riser cap—offer comfort and peace of mind. Located in an area eligible for both city and county schools, this home offers flexibility for families and commuters alike. Don’t miss your chance to own this updated gem in one of Calhoun’s most desirable neighborhoods!

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Location


Property Details


Parking

  • Description: Attached, Carport
  • Details: Driveway
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Stories: 2
  • Basement Description: None

Exterior Features

  • Exterior Walls Materials: Fiber cement siding (Hardi-board/Hardi-plank
  • Foundation: Block
  • Roof Type: Gable
  • Roof Material: Metal

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: C69043
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Contemporary, Rustic
  • Year Built: 1980

Tax Information

  • Annual Tax: $641

Utilities

  • Water & Sewer: Public
  • Heating: Electric, Floor Furnace, Heat Pump
  • Cooling: Central Air, Wall Unit(s)

Location

  • County: Gordon

Listing Details


Listed by:
Christian Rangel
KW CT Capital
(706) 459-3107

Source:
First Multiple Listing Service (FMLS)
MLS#: 7586817
First Multiple Listing Service (FMLS)

Investment Summary


Monthly Cash Flow
-$210
Cap Rate
5.3%
Cash-on-Cash Return
-3.7%
Debt Coverage Ratio
0.86
Internal Rate of Return (5 years)
0.5%

Purchase Details

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Purchase price:
$300,000
Amount financed:
-$240,000
Down payment:
$60,000
Closing costs:
$9,000
Rehab costs:
$0
Initial cash invested:
$69,000
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$240,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,537
Property tax:
$53
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,730

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (3%)
3%-$53-$641
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (28%)
28%-$553-$6,641

Cash Flow


Monthly Yearly
Net operating income:
$1,327 $15,924
Mortgage payments:
-$1,537 -$18,444
Cash flow:
$210 $2,520