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$259,900

For Sale - Active
159 Rather Hill Trl, Clarkesville, GA 30523
1 Bed
0 Baths
580 Square Feet
0.00 Acres Lot
Built in 1985
For Sale - Active
Units n/a
Checked: 14 hours ago
Updated: Apr 23, 2025 at 05:27AM

Investment Summary


Monthly Cash Flow
-$70
Cap Rate
6.0%
Cash-on-Cash Return
-1.4%
Debt Coverage Ratio
0.95
Internal Rate of Return (5 years)
2.6%

Property Description


0.00 Acres Lot
Built in 1985
For Sale - Active
Units n/a

Discover the charm of 159 Rather Hill Trail in Clarkesville, GA, a beautifully remodeled home on a private, wooded lot with serene creek views. Taken down to the studs, this home has been thoughtfully updated with new walls, updated electrical and plumbing, fresh ambrosia maple flooring, new gutters, and modern appliances. The 2-3-year-old metal roof adds durability and peace of mind, while the open and inviting interior exudes warmth and rustic charm. The lower deck is perfectly designed for relaxation, with structural support and hot and cold water lines already installed, making it hot-tub ready. An additional changing room with a full bathroom adds convenience, and the open shed space offers versatility for outdoor gear storage, a workshop, or even an outdoor entertainment area. This property's natural surroundings create a tranquil retreat, while its incredible rental potential makes it a smart investment. A rental company has projected an annual profit of $30,000, making it ideal for short-term or vacation rentals. Conveniently located near Helen, Sautee Nacoochee, Lake Burton, and Cleveland, this home offers easy access to North Georgia's most popular destinations. Whether you're looking for a peaceful getaway or a lucrative investment, this home offers endless possibilities. Schedule your private tour today and experience all that this unique property has to offer!

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Location


Property Details


Parking

  • Description: None
  • Details: None
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 1

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 0.0

Interior Features

  • # of Stories: 1
  • Basement Description: None

Exterior Features

  • Exterior Walls Materials: Wood
  • Foundation: Slab
  • Roof Type: Gable
  • Roof Material: Metal

Land Information

  • Land Use: Residential
  • Land Use Subtype: Rural/Agricultural

Lot Information

  • Parcel ID: 018076
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Country/Rustic
  • Year Built: 1985

Tax Information

  • Annual Tax: $986

Utilities

  • Water & Sewer: Private, Well
  • Heating: Heat Pump, Wood Stove, Central, Electric
  • Cooling: Ceiling Fan(s), Central Air, Heat Pump

Location

  • County: Habersham

Investment Summary


Monthly Cash Flow
-$70
Cap Rate
6.0%
Cash-on-Cash Return
-1.4%
Debt Coverage Ratio
0.95
Internal Rate of Return (5 years)
2.6%

Purchase Details

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Purchase price:
$259,900
Amount financed:
-$207,920
Down payment:
$51,980
Closing costs:
$7,797
Rehab costs:
$0
Initial cash invested:
$59,777
Square feet:
580
Cost per square foot:
$448
Monthly rent per square foot:
$3.45

Financing Details

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Loan amount:
$207,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.890%
Principal & interest:
$1,368
Property tax:
$82
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,590

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: (4%)
4%-$82-$986
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: (29%)
29%-$582-$6,986

Cash Flow


Monthly Yearly
Net operating income:
$1,298 $15,576
Mortgage payments:
-$1,368 -$16,416
Cash flow:
$70 $840