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$289,900

For Sale - Active
182 Sugar Creek Dr, Cornelia, GA 30531
3 Beds
0 Baths
1,592 Square Feet
0.00 Acres Lot
Built in 2018
For Sale - Active
Units n/a
Checked: 3 hours ago
Updated: Jun 13, 2025 at 03:40AM

Investment Summary


Monthly Cash Flow
-$394
Cap Rate
4.5%
Cash-on-Cash Return
-7.1%
Debt Coverage Ratio
0.73
Internal Rate of Return (5 years)
-2.9%

Property Description


0.00 Acres Lot
Built in 2018
For Sale - Active
Units n/a

Seller motivated and just priced below market! Hello, Mountains! Hello, Home! Looking for a home as stylish as it is comfortable? Say hello to this 3BR, 2.5 BA beauty! Built in 2018 and lovingly maintained, this 1,592 square-foot gem is the perfect spot for you to put down roots and start living your best life. What You'll Love: Master Suite Goals - Your bedroom should feel like a retreat, and this spacious master does not disappoint. With a tray ceiling that adds elegance and tons of space for relaxation-and did we mention the walk-in closet...what more could you ask for? All Bedrooms Upstairs - Keep things cozy and private with all your bedrooms tucked away on the second floor. Peaceful sleep is just a few stairs away! Sleek New Floors - The main level got a major glow-up with brand new luxury vinyl flooring. Stylish, durable, and perfect for those "oops" moments (we all have them). Kitchen Vibes - An island, stainless steel appliances, pantry, and sleek granite countertops add a touch of luxury to your cooking space. Cooking just became fun again! Transom Windows = Daylight Goals - These beauties in the living room let natural light pour in, making your home feel airy, bright, and full of life. Back Patio = Your New Happy Place - Want to unwind, BBQ, or sip coffee while watching the sunset? Your back patio is ready for it all! Bonus Perks: Mountain Views to Die For..Imagine pulling out of your driveway every day with a breathtaking mountain view greeting you, and enjoying that same stunning sight as you drive away. It's the perfect way to start and end each day! Extra Long Paved Driveway - Need room for extra vehicles, boats, or even an RV? This home comes with a long paved driveway that offers tons of parking space-no more worrying about where to park all those extra cars!. Low-Maintenance Exterior - With brick and cement board siding, you'll have more time to relax and less time worrying about upkeep. Conveniently located with easy access to local parks, schools, and shops this home puts you close to everything you need for work and play! Nestled in N.E. Georgia, you're just minutes away from hiking, biking, and boating. Whether you're a thrill-seeker or just looking to enjoy some scenic views, this area's outdoor fun will keep you busy all year long. Live the adventure!

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

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

Exterior Features

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

Land Information

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

Lot Information

  • Parcel ID: 114A065
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Brick Front, Craftsman, Traditional
  • Year Built: 2018

Tax Information

  • Annual Tax: $3,469

Utilities

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

Location

  • County: Habersham

Investment Summary


Monthly Cash Flow
-$394
Cap Rate
4.5%
Cash-on-Cash Return
-7.1%
Debt Coverage Ratio
0.73
Internal Rate of Return (5 years)
-2.9%

Purchase Details

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Purchase price:
$289,900
Amount financed:
-$231,920
Down payment:
$57,980
Closing costs:
$8,697
Rehab costs:
$0
Initial cash invested:
$66,677
Square feet:
1,592
Cost per square foot:
$182
Monthly rent per square foot:
$1.26

Financing Details

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Loan amount:
$231,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,485
Property tax:
$289
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,914

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: (14%)
14%-$289-$3,469
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: (39%)
39%-$789-$9,469

Cash Flow


Monthly Yearly
Net operating income:
$1,091 $13,092
Mortgage payments:
-$1,485 -$17,820
Cash flow:
$394 $4,728