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$379,000

For Sale - Active
111 Smith Ct, Clarkesville, GA 30523
2 Beds
0 Baths
1,190 Square Feet
0.00 Acres Lot
Built in 2022
For Sale - Active
Units n/a
Checked: 19 hours ago
Updated: Jun 18, 2025 at 04:05AM

Investment Summary


Monthly Cash Flow
-$972
Cap Rate
3.1%
Cash-on-Cash Return
-13.4%
Debt Coverage Ratio
0.50
Internal Rate of Return (5 years)
-9.0%

Property Description


0.00 Acres Lot
Built in 2022
For Sale - Active
Units n/a

Enjoy comfortable, stylish living in this adorable craftsman cottage close to downtown Clarkesville. This almost new home that still has the new home look and feel, features 2 BR's & 2 BA's, open concept living, dining & kitchen. The kitchen features stylish backsplash, breakfast bar with drop down accent lighting, solid surface countertops, and stainless appliances. The living area features a gorgeous shiplap accent wall. Throughout the home the windows are adorned with beautiful plantation shutters, and luxury LVP flooring. Relax in front of the cozy brick fireplace with gas logs, or on the front porch. If you feel energetic, take a walk downtown for shopping, dining or a walk in the park. Call today to see this awesome home!

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Location


Property Details


Parking

  • Description: Attached, Carport, Kitchen Level, Over 1 Space per Unit
  • Details: Attached, Carport
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 0.0

Interior Features

  • # of Stories: 1
  • Basement Description: None
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Wood
  • Roof Type: Gable
  • Roof Material: Composition

Land Information

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

Lot Information

  • Parcel ID: 071090D
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Craftsman
  • Year Built: 2022

Tax Information

  • Annual Tax: $4,931

Utilities

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

Location

  • County: Habersham

Investment Summary


Monthly Cash Flow
-$972
Cap Rate
3.1%
Cash-on-Cash Return
-13.4%
Debt Coverage Ratio
0.50
Internal Rate of Return (5 years)
-9.0%

Purchase Details

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Purchase price:
$379,000
Amount financed:
-$303,200
Down payment:
$75,800
Closing costs:
$11,370
Rehab costs:
$0
Initial cash invested:
$87,170
Square feet:
1,190
Cost per square foot:
$318
Monthly rent per square foot:
$1.68

Financing Details

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Loan amount:
$303,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,941
Property tax:
$411
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,492

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: (21%)
21%-$411-$4,931
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: (46%)
46%-$911-$10,931

Cash Flow


Monthly Yearly
Net operating income:
$969 $11,628
Mortgage payments:
-$1,941 -$23,292
Cash flow:
$972 $11,664