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$4,495,000

Under Contract
210 Kelly Bridge Rd, Dawsonville, GA 30534
5 Beds
0 Baths
5,326 Square Feet
0.00 Acres Lot
Built in 2021
Under Contract
Units n/a
Checked: 10 hours ago
Updated: Jul 15, 2025 at 09:08AM

Investment Summary


Monthly Cash Flow
-$18,810
Cap Rate
1.1%
Cash-on-Cash Return
-21.8%
Debt Coverage Ratio
0.18
Internal Rate of Return (5 years)
-17.1%

Property Description


0.00 Acres Lot
Built in 2021
Under Contract
Units n/a

Welcome to Southern Grace Equestrian Center, home for for the discriminating horse enthusiast. From the moment you enter the light filled property you will realize how meticulously this estate has been designed with the horse enthusiast in mind. There are 2 long picturesque gated driveways- one to the home and one to the stable facilities. Every detail to this estate has been carefully planned and thought out. When you enter the 5 bedroom charming (almost new) farm house you will be stunned by the beautiful reclaimed hardwoods on the main level that are over 100 years old. The gourmet kitchen has all the whistles and bells and is open to the family room that adjoins the large screened porch and looks out to the gorgeous salt water pool with a full outdoor kitchen for all your entertainment needs. Beyond the pool is a pond where you will love watching your horses play and frolic. The Master bedroom is on the main level and also opens to the amazing pool area. The office is also on the main level and you an enjoy the views of the lush pastures and happy horses from the panoramic windows. All upstairs bedrooms are large and airy. The terrace level is delightful and feature an additional guest bedroom, bathroom, game room and bar. Now let's head up the second driveway to the 38 stall barn with large parking area that will accommodate many horse trailers and is a perfect venue for riding clinics. Very well insulated and ventilated with 2 tack rooms, multiple wash racks, feed rooms and a large outdoor arena with lights. There is a separate building with 2/3 additional stalls and shaving storage.

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Location


Property Details


Parking

  • Description: Attached, Garage, Garage Door Opener
  • Details: Attached, Garage, Garage Door Opener
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 4
  • # of Baths (Partial): 1
  • # of Baths (Total): 0.0

Interior Features

  • # of Rooms: 5
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Daylight, Exterior Entry, Finished, Full, Interior Entry
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Fiber cement siding (Hardi-board/Hardi-plank
  • Roof Type: Gable
  • Roof Material: Composition
  • Pool: Yes

Land Information

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

Lot Information

  • Parcel ID: 088074
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Craftsman
  • Year Built: 2021

Tax Information

  • Annual Tax: $9,017

Utilities

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

Location

  • County: Dawson

Listing Details


Listed by:
Elizabeth Yancey
Better Homes GA
(678) 507-0100

Source:
Georgia MLS
MLS#: 10331660
Georgia MLS

Investment Summary


Monthly Cash Flow
-$18,810
Cap Rate
1.1%
Cash-on-Cash Return
-21.8%
Debt Coverage Ratio
0.18
Internal Rate of Return (5 years)
-17.1%

Purchase Details

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Purchase price:
$4,495,000
Amount financed:
-$3,596,000
Down payment:
$899,000
Closing costs:
$134,850
Rehab costs:
$0
Initial cash invested:
$1,033,850
Square feet:
5,326
Cost per square foot:
$844
Monthly rent per square foot:
$1.35

Financing Details

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Loan amount:
$3,596,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$23,026
Property tax:
$752
Insurance:
$504
Private mortgage insurance (PMI):
$0
Monthly payment:
$24,282

Operating Income

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% Rent Monthly Yearly
Gross rent:
$7,200 $86,400
Vacancy loss: (6%)
6% -$432 -$5,184
Operating income:
$6,768 $81,216

Operating Expenses


% Rent Monthly Yearly
Property taxes: (10%)
10%-$752-$9,018
Insurance: (7%)
7%-$504-$6,048
Property management: (8%)
8%-$576-$6,912
Repairs & maintenance: (5%)
5%-$360-$4,320
Capital expenditures: (5%)
5%-$360-$4,320
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (35%)
35%-$2,552-$30,618

Cash Flow


Monthly Yearly
Net operating income:
$4,216 $50,592
Mortgage payments:
-$23,026 -$276,312
Cash flow:
$18,810 $225,720