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$309,999

Sold
2011 Pinemount Blvd, Statesboro, GA 30461
4 Beds
0 Baths
2,000 Square Feet
0.00 Acres Lot
Built in 2004
Sold
Units n/a
Checked: 1 day ago
Updated: Jul 02, 2025 at 03:48AM

Investment Summary


Monthly Cash Flow
-$544
Cap Rate
4.0%
Cash-on-Cash Return
-9.2%
Debt Coverage Ratio
0.66
Internal Rate of Return (5 years)
-4.9%

Property Description


0.00 Acres Lot
Built in 2004
Sold
Units n/a

Spacious Brick Front Home on Over Half an Acre. This lovely single story 4-bedroom, 3 full bathroom home is nestled in a quiet subdivision with mature trees and offers the perfect blend of comfort and convenience. The spacious interior features vaulted ceilings, fresh paint throughout, and a cozy fireplace in the living area. The primary suite boasts a open concept with sitting area, bathroom with a jetted Jacuzzi tub, separate shower, and a walk-in closet . Enjoy the ease of a dedicated laundry room and the diverse uses of over a half acre of land. Located just minutes from shopping, dining, and everyday conveniences. No HOA! Your new home awaits!

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Location


Property Details


Parking

  • Description: Attached, Garage
  • Details: Attached, Garage, Off Street
  • 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 Rooms: 8
  • # of Stories: 1
  • Basement Description: None
  • Fireplace: Yes

Exterior Features

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

Land Information

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

Lot Information

  • Parcel ID: MS81001040
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Other
  • Year Built: 2004

Tax Information

  • Annual Tax: $2,375

Utilities

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

Location

  • County: Bulloch

Listing Details


Listed by:
Zacker Hannon
Next Move Real Estate
(912) 295-5807

Source:
Georgia MLS
MLS#: 10494289
Georgia MLS

Investment Summary


Monthly Cash Flow
-$544
Cap Rate
4.0%
Cash-on-Cash Return
-9.2%
Debt Coverage Ratio
0.66
Internal Rate of Return (5 years)
-4.9%

Purchase Details

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Purchase price:
$309,999
Amount financed:
-$247,999
Down payment:
$62,000
Closing costs:
$9,300
Rehab costs:
$0
Initial cash invested:
$71,300
Square feet:
2,000
Cost per square foot:
$155
Monthly rent per square foot:
$0.90

Financing Details

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Loan amount:
$247,999
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,588
Property tax:
$198
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,912

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (11%)
11%-$198-$2,375
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (36%)
36%-$648-$7,775

Cash Flow


Monthly Yearly
Net operating income:
$1,044 $12,528
Mortgage payments:
-$1,588 -$19,056
Cash flow:
$544 $6,528