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$725,000

For Sale - Active
195 Mystic Ct Unit 2, Sandy Springs, GA 30342
3 Beds
4 Baths
3,380 Square Feet
0.00 Acres Lot
Built in 2003
For Sale - Active
1 Units
Checked: 6 hours ago
Updated: Jun 21, 2025 at 03:16AM

Investment Summary


Monthly Cash Flow
-$1,960
Cap Rate
3.0%
Cash-on-Cash Return
-14.1%
Debt Coverage Ratio
0.48
Internal Rate of Return (5 years)
-9.6%

Property Description


0.00 Acres Lot
Built in 2003
For Sale - Active
1 Units

CHASTAIN PARK gated townhome with all the feels of a house! Beautiful and immaculate, this 3380 SQUARE FEET - 3 level, 3 bedroom, 3.5 bath townhome is located in a gated well-established community with beautifully maintained homes and lawns that rarely has homes on the market! As you enter the two story foyer and ascend the steps to the main level, you will love all of the details - ARCHED DOORWAYS, CROWN MOLDINGS, TREY CEILINGS, PLANTATION SHUTTERS and a DOUBLE SIDED FIREPLACE that opens to the separate formal dining and living room areas. The formal living room is elegant with gas fireplace and a wall of windows that let in tons of natural light and can accommodate a variety of furniture layouts. The separate formal dining room with inviting fireplace has enough space for a 12 person dining table and is across from the butler’s pantry with granite counter top. The large chef’s kitchen has double ovens, customized pantry with pullout drawers, center island and gas stove top which is perfect for the cooking enthusiast while being open to the den area means socializing doesn’t have to stop! Made for outdoor entertaining, the deck has a MOTORIZED AWNING for those sunny days or rainy afternoons, while below is small FENCED COURTYARD area perfect for grilling or an al fresco meal, both areas are tranquil and private. Beautiful wall-papered half bath rounds out the main floor. Upstairs are TWO PRIMARY SUITES with ensuite bathrooms. Primary 1 has HARDWOOD FLOORS, plantation shutters and 2 LARGE CLOSETS - one walk-in with floor safe. Separate tub and renovated shower, double vanities and water closet. Primary 2 has a generous walk-in closet, plantation shutters, trey ceiling and generous bath with shower/tub combo. Linen closets and laundry room with washer and dryer complete the second floor. The FINISHED TERRACE LEVEL has its own separate LIVING AREA, BEDROOM, AND FULL BATH and entrance to the fenced in backyard area. Presently seller has created a home office and gym but would make a great private living area for a guest! The two car garage also has an ABUNDANT STORAGE AREA to meet all of your storage needs without sacrificing car space. Ideally situated, right out of the gates are sidewalks and the ability to walk to the grocery store, restaurants, and shopping and a short car ride to Chastain Park and Amphitheater. This townhome is a rare find in a sea of pre-fab, cookie cutter townhomes - QUALITY CONSTRUCTION with large living areas makes this a don’t miss opportunity!

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Location


Property Details


Parking

  • Details: Driveway, Garage, Garage Faces Front
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 11
  • # of Stories: 3
  • Basement: Yes
  • Basement Description: Daylight, Exterior Entry, Finished, Full, Interior Entry
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Rock, Stone
  • Foundation: Concrete Perimeter
  • Roof Material: Composition

HOA

  • Has HOA: Yes
  • HOA Fee: $315/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Townhouse

Lot Information

  • Parcel ID: 17009400020744
  • Lot Size: 0 sqft

Property Information

  • Property Type: Townhouse
  • Style: Townhouse, Traditional
  • Year Built: 2003

Tax Information

  • Annual Tax: $6,467

Utilities

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

Location

  • County: Fulton

Listing Details


Listed by:
Tara Widener
Beacham and Company
(404) 414-7723

Source:
First Multiple Listing Service (FMLS)
MLS#: 7583771
First Multiple Listing Service (FMLS)

Investment Summary


Monthly Cash Flow
-$1,960
Cap Rate
3.0%
Cash-on-Cash Return
-14.1%
Debt Coverage Ratio
0.48
Internal Rate of Return (5 years)
-9.6%

Purchase Details

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Purchase price:
$725,000
Amount financed:
-$580,000
Down payment:
$145,000
Closing costs:
$21,750
Rehab costs:
$0
Initial cash invested:
$166,750
Square feet:
3,380
Cost per square foot:
$215
Monthly rent per square foot:
$1.15

Financing Details

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Loan amount:
$580,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$3,797
Property tax:
$539
Insurance:
$273
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,609

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,900 $46,800
Vacancy loss: (6%)
6% -$234 -$2,808
Operating income:
$3,666 $43,992

Operating Expenses


% Rent Monthly Yearly
Property taxes: (14%)
14%-$539-$6,467
Insurance: (7%)
7%-$273-$3,276
Property management: (8%)
8%-$312-$3,744
Repairs & maintenance: (5%)
5%-$195-$2,340
Capital expenditures: (5%)
5%-$195-$2,340
HOA fees: (8%)
8%-$315-$3,780
Total operating expenses: (47%)
47%-$1,829-$21,947

Cash Flow


Monthly Yearly
Net operating income:
$1,837 $22,044
Mortgage payments:
-$3,797 -$45,564
Cash flow:
$1,960 $23,520