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$394,000

For Sale - Active
1553 Shoal Creek Dr, Winder, GA 30680
4 Beds
0 Baths
2,334 Square Feet
0.00 Acres Lot
Built in 2014
For Sale - Active
Units n/a
Checked: 13 hours ago
Updated: Jun 27, 2025 at 03:39AM

Investment Summary


Monthly Cash Flow
-$704
Cap Rate
4.0%
Cash-on-Cash Return
-9.3%
Debt Coverage Ratio
0.65
Internal Rate of Return (5 years)
-5.0%

Property Description


0.00 Acres Lot
Built in 2014
For Sale - Active
Units n/a

Assumable VA Loan! Stunning 4-Bedroom, 3-Bath Ranch Home in Winder, Georgia with a new roof in December 2024 and an Assumable VA Mortgage! Discover the perfect blend of comfort and style in this beautiful ranch-style home. Featuring four spacious bedrooms and three full bathrooms, this residence offers plenty of space for family and guests. The open-concept floor plan creates a welcoming atmosphere, ideal for entertaining friends and loved ones. Chef's dream kitchen with a massive granite countertop provides ample space for meal prep and gatherings. Stainless steel appliances complement the sleek design, while the generous counter space makes cooking and hosting a breeze. The home's bright, airy layout is enhanced by large windows and modern finishes throughout. Enjoy the tranquility of Winder living with the convenience of nearby amenities. Whether you're relaxing in your spacious living areas or hosting lively gatherings, this home offers the perfect setting for every occasion. Don't miss out on this incredible opportunity - schedule your showing today!

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Location


Property Details


Parking

  • Description: Driveway, Garage, Garage Door Opener, Kitchen Level, Level Driveway
  • Details: Attached, Garage, Garage Door Opener, Kitchen Level
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

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

Interior Features

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

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Foundation: Slab
  • Roof Type: Gable
  • Roof Material: Composition

Land Information

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

Lot Information

  • Parcel ID: XX104F016
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: A-frame, Ranch
  • Year Built: 2014

Tax Information

  • Annual Tax: $3,276

Utilities

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

Location

  • County: Barrow

Listing Details


Listed by:
Heather Seay
Virtual Properties Realty.com
(770) 495-5050

Source:
Georgia MLS
MLS#: 10516111
Georgia MLS

Investment Summary


Monthly Cash Flow
-$704
Cap Rate
4.0%
Cash-on-Cash Return
-9.3%
Debt Coverage Ratio
0.65
Internal Rate of Return (5 years)
-5.0%

Purchase Details

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Purchase price:
$394,000
Amount financed:
-$315,200
Down payment:
$78,800
Closing costs:
$11,820
Rehab costs:
$0
Initial cash invested:
$90,620
Square feet:
2,334
Cost per square foot:
$169
Monthly rent per square foot:
$0.99

Financing Details

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Loan amount:
$315,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,018
Property tax:
$273
Insurance:
$161
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,452

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,300 $27,600
Vacancy loss: (6%)
6% -$138 -$1,656
Operating income:
$2,162 $25,944

Operating Expenses


% Rent Monthly Yearly
Property taxes: (12%)
12%-$273-$3,276
Insurance: (7%)
7%-$161-$1,932
Property management: (8%)
8%-$184-$2,208
Repairs & maintenance: (5%)
5%-$115-$1,380
Capital expenditures: (5%)
5%-$115-$1,380
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (37%)
37%-$848-$10,176

Cash Flow


Monthly Yearly
Net operating income:
$1,314 $15,768
Mortgage payments:
-$2,018 -$24,216
Cash flow:
$704 $8,448