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$1,395,000

For Sale - Active
2070 Walter Shepherd Rd, Rutledge, GA 30663
4 Beds
3 Baths
4,403 Square Feet
0.00 Acres Lot
Built in 1986
For Sale - Active
Units n/a
Checked: 24 hours ago
Updated: Sep 23, 2025 at 10:08AM

Investment Summary


Monthly Cash Flow
-$4,792
Cap Rate
2.0%
Cash-on-Cash Return
-17.9%
Debt Coverage Ratio
0.33
Internal Rate of Return (5 years)
-13.3%

Property Description


0.00 Acres Lot
Built in 1986
For Sale - Active
Units n/a

Multi-family living tucked away on a sprawling 33 acre sanctuary. Sitting up on a knoll overlooking the the private lake, you will enjoy many beautiful sunrises with a good cup of coffee. This remarkable estate blends comfort, versatility, and natural beauty, a rare offering with convenient access to I-20, nestled between social circle and madison. The property features trails that meander across the property, open pasture for all your animal friends with a pole barn that could easly be converted to stalls, and a serene lake with dock, perfect for fishing or relaxation. The main home features a large family room with fireplace, oversized primary suite with attached sunroom or office, large dining area, stainless appliances in the kitchen, multiple porches, and a full apartment attached with a breezeway. The guest house features a large living room, full kitchen, bath, and bedroom. There is an additional workshop with bathroom that has many uses. The possibilities are endless!!!

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Location


Property Details


Parking

  • Description: Attached, Garage, Level Driveway
  • Details: Carport, Parking Pad
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • # of Stories: 1
  • Basement Description: Crawl Space
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Roof Type: Gable
  • Roof Material: Composition

Land Information

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

Lot Information

  • Parcel ID: 012029
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1986

Tax Information

  • Annual Tax: $8,189

Utilities

  • Water & Sewer: Private, Well
  • Heating: Central
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Morgan

Listing Details


Listed by:
Ginny E Vanoostrom
Algin Realty, Inc.
(770) 616-4460

Source:
Georgia MLS
MLS#: 10563776
Georgia MLS

Investment Summary


Monthly Cash Flow
-$4,792
Cap Rate
2.0%
Cash-on-Cash Return
-17.9%
Debt Coverage Ratio
0.33
Internal Rate of Return (5 years)
-13.3%

Purchase Details

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Purchase price:
$1,395,000
Amount financed:
-$1,116,000
Down payment:
$279,000
Closing costs:
$41,850
Rehab costs:
$0
Initial cash invested:
$320,850
Square feet:
4,403
Cost per square foot:
$317
Monthly rent per square foot:
$1.00

Financing Details

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Loan amount:
$1,116,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$7,146
Property tax:
$682
Insurance:
$308
Private mortgage insurance (PMI):
$0
Monthly payment:
$8,136

Operating Income

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% Rent Monthly Yearly
Gross rent:
$4,400 $52,800
Vacancy loss: (6%)
6% -$264 -$3,168
Operating income:
$4,136 $49,632

Operating Expenses


% Rent Monthly Yearly
Property taxes: (16%)
16%-$682-$8,189
Insurance: (7%)
7%-$308-$3,696
Property management: (8%)
8%-$352-$4,224
Repairs & maintenance: (5%)
5%-$220-$2,640
Capital expenditures: (5%)
5%-$220-$2,640
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (41%)
41%-$1,782-$21,389

Cash Flow


Monthly Yearly
Net operating income:
$2,354 $28,248
Mortgage payments:
-$7,146 -$85,752
Cash flow:
-$4,792 -$57,504