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$310,000

For Sale - Active
110 Wood Lake Dr Unit 12, Athens, GA 30606
2 Beds
2.5 Baths
1,411 Square Feet
0.00 Acres Lot
Built in 2001
For Sale - Active
Units n/a
Checked: 25 minutes ago
Updated: Sep 12, 2025 at 10:19AM

Investment Summary


Monthly Cash Flow
-$500
Cap Rate
4.2%
Cash-on-Cash Return
-8.4%
Debt Coverage Ratio
0.69
Internal Rate of Return (5 years)
-4.2%

Property Description


0.00 Acres Lot
Built in 2001
For Sale - Active
Units n/a

Prime Location - Gated Security - Low Maintenance Living Located in the sought-after Woodlake Community, this brick townhome has been updated and well maintained. This unit has assigned, covered parking located in the back just outside the private courtyard. As you enter the townhome, you'll notice the open layout with kitchen and living area. The main level also has a half bath, laundry closet, pantry, and storage closet. On the second floor there are two bedrooms with vaulted ceilings and each with a private bath. The master has French doors that open to a Juliet Balcony and an updated bathroom with walk-in tile shower. The kitchen has updated backsplash, sink, faucet, and granite countertop. The HVAC was replaced in 2022 including an Ecobee wi-fi thermostat and the unit is wired for a security system. The building has a brand new roof (2025) and exterior paint. There is an exterior storage closet located in the courtyard and unmarked, additional parking behind the assigned parking area in the back. Pool and pond are directly across the street from the townhome and walking areas are also included in the Woodlake amenities. This convenient location has easy access to 316 and Hwy 441. It's just minutes from Epps Bridge shopping or Downtown Athens and UGA. All appliances can stay including washer & dryer.

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Location


Property Details


Parking

  • Description: Assigned, Covered
  • Details: Assigned
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.5

Interior Features

  • # of Stories: 2
  • Basement Description: None

Exterior Features

  • Exterior Walls Materials: Brick
  • Foundation: Slab
  • Roof Type: Gable or Hip
  • Roof Material: Composition

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 074B5A012
  • Lot Size: 0 sqft

Property Information

  • Property Type: Townhouse
  • Style: Other
  • Year Built: 2001

Tax Information

  • Annual Tax: $3,506

Utilities

  • Water & Sewer: Public
  • Heating: Central, Electric
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Clarke

Listing Details


Listed by:
Brian Burke
Maynard Realty LLC
(770) 867-9026

Source:
Georgia MLS
MLS#: 10576935
Georgia MLS

Investment Summary


Monthly Cash Flow
-$500
Cap Rate
4.2%
Cash-on-Cash Return
-8.4%
Debt Coverage Ratio
0.69
Internal Rate of Return (5 years)
-4.2%

Purchase Details

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Purchase price:
$310,000
Amount financed:
-$248,000
Down payment:
$62,000
Closing costs:
$9,300
Rehab costs:
$0
Initial cash invested:
$71,300
Square feet:
1,411
Cost per square foot:
$220
Monthly rent per square foot:
$1.42

Financing Details

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Loan amount:
$248,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,588
Property tax:
$292
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,020

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: (15%)
15%-$292-$3,507
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: (40%)
40%-$792-$9,507

Cash Flow


Monthly Yearly
Net operating income:
$1,088 $13,056
Mortgage payments:
-$1,588 -$19,056
Cash flow:
$500 $6,000