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$849,000

For Sale - Active
1965 Roscoe Rd, Newnan, GA 30263
4 Beds
0 Baths
0 Square Feet
0.00 Acres Lot
Built in 2001
For Sale - Active
Units n/a
Checked: 8 hours ago
Updated: Jun 15, 2025 at 03:46AM

Investment Summary


Monthly Cash Flow
-$2,621
Cap Rate
2.6%
Cash-on-Cash Return
-16.1%
Debt Coverage Ratio
0.41
Internal Rate of Return (5 years)
-11.6%

Property Description


0.00 Acres Lot
Built in 2001
For Sale - Active
Units n/a

Welcome to Campanelli Stables, a farmhouse retreat conveniently located in Newnan Ga. This beautifully renovated 4-bedroom, 2.5-bath ranch-style home is set on 5 pasture acres that deliver to you all the best views of Roscoe road! With thoughtful upgrades throughout, a spacious layout, and excellent outdoor amenities, this property offers the perfect blend of modern living and country charm.The interior of the home has been newly updated with fresh paint & carpet in soothing, neutral tones that create a relaxing and inviting ambiance. The updated kitchen features beautiful quartz countertops, ample cabinet space, and inviting views into the great room.This space is thoughtfully designed with calming hues, providing a perfect environment for unwinding after a long day. Also off the kitchen is your dining room, large enough that you can seat the extended family for all your favorite holidays. The master suite, also conveniently located on the main level offers a private escape with its fully renovated ensuite spa-like bathroom and spacious walk-in closet. The bathroom includes a double-head tiled shower, double vanity, and a separate vanity table for added convenience. Both secondary bathrooms have also been completely remodeled, maintaining the homeCOs high-end, cohesive design.In addition to the main living spaces, a cozy den provides extra room that can be used for entertaining, hobbies, or family game night. Stepping outside, youCOll find a sprawling covered patio, ideal for hosting weekend gatherings with friends and family. The in-ground pool and backyard are fully enclosed with elegant 5CO vertical aluminum fencing, providing safety and peace of mind for children and pets while maintaining clear views of the surrounding landscape. Designed with equestrians and craftsmen in mind, this versatile barn features two spacious, matted and gated horse stalls that offer both comfort and security for your horses. A generously sized workshop provides the perfect setup for woodworking, hobbies, or equipment maintenance, while two tack rooms offer ample storage for saddles, gear, and feed. One side of the barn includes pass-through garage doors, making trailer access and equipment movement a breeze. On the opposite side, a covered overhang gives your horses a dry, shaded space to relax during rainy days. Whether you're caring for horses, working on projects, or both, this barn combines practicality with purpose-built design. The lot is fully fenced and cross fenced to provide a secure environment for horses. A detached 2-car garage, scenic pastureland, and move-in-ready updates throughout make this property a rare gem Co combining comfort, craftsmanship, and country living, just minutes from downtown Newnan.

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Location


Property Details


Parking

  • Description: Garage Door Opener, Detached, Garage, Parking Pad, RV/Boat Parking, Side/Rear Entrance
  • Details: Detached, Garage, Garage Door Opener
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 0.0

Interior Features

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

Exterior Features

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

Land Information

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

Lot Information

  • Parcel ID: 0605155013
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Craftsman, Traditional
  • Year Built: 2001

Tax Information

  • Annual Tax: $2,111

Utilities

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

Location

  • County: Coweta

Investment Summary


Monthly Cash Flow
-$2,621
Cap Rate
2.6%
Cash-on-Cash Return
-16.1%
Debt Coverage Ratio
0.41
Internal Rate of Return (5 years)
-11.6%

Purchase Details

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Purchase price:
$849,000
Amount financed:
-$679,200
Down payment:
$169,800
Closing costs:
$25,470
Rehab costs:
$0
Initial cash invested:
$195,270
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$679,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$4,446
Property tax:
$176
Insurance:
$203
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,825

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,900 $34,800
Vacancy loss: (6%)
6% -$174 -$2,088
Operating income:
$2,726 $32,712

Operating Expenses


% Rent Monthly Yearly
Property taxes: (6%)
6%-$176-$2,111
Insurance: (7%)
7%-$203-$2,436
Property management: (8%)
8%-$232-$2,784
Repairs & maintenance: (5%)
5%-$145-$1,740
Capital expenditures: (5%)
5%-$145-$1,740
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (31%)
31%-$901-$10,811

Cash Flow


Monthly Yearly
Net operating income:
$1,825 $21,900
Mortgage payments:
-$4,446 -$53,352
Cash flow:
$2,621 $31,452