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$449,900

Sold
1090 Ruby Way, Bogart, GA 30622
4 Beds
0 Baths
2,649 Square Feet
0.00 Acres Lot
Built in 2004
Sold
Units n/a
Checked: 23 hours ago
Updated: Sep 30, 2025 at 12:49AM

Investment Summary


Monthly Cash Flow
-$393
Cap Rate
5.1%
Cash-on-Cash Return
-4.6%
Debt Coverage Ratio
0.83
Internal Rate of Return (5 years)
-0.4%

Property Description


0.00 Acres Lot
Built in 2004
Sold
Units n/a

Welcome home! This 4 sided brick North Oconee home in Dove Creek Elementary School is priced to sell. This home is inviting coming through the front door you will find an office to the left that is used for multiple uses which include a gym, game room and den, to the right you will find the dining room. The kitchen and living room windows allow for gazing into the private back yard. This home has 4 bedrooms, 3 bathrooms and a bonus room. There is an ensuite on the main floor. The master bedroom is upstairs with 2 additional bedrooms. One of the unique features of this home is the secluded back yard with privacy trees surrounding the fenced in lawn. The HOA in Belfair Subdivision includes a swimming pool, tennis courts, playground and pavilion at one of the entrances of the neighborhood. There are sidewalks on both sides of the street. The home has a 6 year old roof, new windows were installed in 2021, new hot water heater replaced in 2017. This is an Incredible location for those who want easy access to Hwy 78, 316 and Hwy 53.

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Location


Property Details


Parking

  • Description: Attached
  • Details: Attached
  • Garage Spaces: 5
  • Spaces Total: 5

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 0.0

Interior Features

  • # of Stories: 2
  • Attic: Yes
  • Basement Description: None

Exterior Features

  • Exterior Walls Materials: Masonry
  • Foundation: Slab
  • Roof Type: Gable
  • Roof Material: Other

HOA

  • Has HOA: Yes
  • HOA Fee: $500/annually

Land Information

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

Lot Information

  • Parcel ID: B01K007D
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Brick 4 Side, Traditional
  • Year Built: 2004

Tax Information

  • Annual Tax: $3,049

Utilities

  • Water & Sewer: Public
  • Heating: Heat Pump, Electric
  • Cooling: Central Air, Electric, Heat Pump

Location

  • County: Oconee

Listing Details


Listed by:
Stephen J. Smith
Coldwell Banker Upchurch Rlty.
(706) 543-4000

Source:
Georgia MLS
MLS#: 10030307
Georgia MLS

Investment Summary


Monthly Cash Flow
-$393
Cap Rate
5.1%
Cash-on-Cash Return
-4.6%
Debt Coverage Ratio
0.83
Internal Rate of Return (5 years)
-0.4%

Purchase Details

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Purchase price:
$449,900
Amount financed:
-$359,920
Down payment:
$89,980
Closing costs:
$13,497
Rehab costs:
$0
Initial cash invested:
$103,477
Square feet:
2,649
Cost per square foot:
$170
Monthly rent per square foot:
$1.21

Financing Details

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Loan amount:
$359,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,305
Property tax:
$254
Insurance:
$224
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,783

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,200 $38,400
Vacancy loss: (6%)
6% -$192 -$2,304
Operating income:
$3,008 $36,096

Operating Expenses


% Rent Monthly Yearly
Property taxes: (8%)
8%-$254-$3,049
Insurance: (7%)
7%-$224-$2,688
Property management: (8%)
8%-$256-$3,072
Repairs & maintenance: (5%)
5%-$160-$1,920
Capital expenditures: (5%)
5%-$160-$1,920
HOA fees: (1%)
1%-$42-$504
Total operating expenses: (34%)
34%-$1,096-$13,153

Cash Flow


Monthly Yearly
Net operating income:
$1,912 $22,944
Mortgage payments:
-$2,305 -$27,660
Cash flow:
-$393 -$4,716