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$285,000

For Sale - Active
220 Old Kelly Ridge Rd, Clarkesville, GA 30523
3 Beds
0 Baths
1,680 Square Feet
0.00 Acres Lot
Built in 2022
For Sale - Active
Units n/a
Checked: 17 hours ago
Updated: Jun 18, 2025 at 03:57AM

Investment Summary


Monthly Cash Flow
-$267
Cap Rate
5.2%
Cash-on-Cash Return
-4.9%
Debt Coverage Ratio
0.82
Internal Rate of Return (5 years)
-0.7%

Property Description


0.00 Acres Lot
Built in 2022
For Sale - Active
Units n/a

Check out this first time offering. Like new, manufactured home on 2-/+ private acres in the Batesville community minutes to Lakes Burton, Rabun and Seed. Step inside the living room that features a built-in tv area with storage and barn doors as the focal point. Open concept living and kitchen that includes a massive kitchen island with storage, shaker styler cabinets, stainless steel farmhouse sink, vent hood, pendant lights over the island and recessed lighting. Notice the low maintenance luxury vinyl plank flooring installed throughout the home. Oversized laundry room that doubles as a mudroom with utility sink and more built-in storage. The Owner's Suite offers dual vanities, free standing soaking tub and separate shower. Split bedroom floor plan which affords additional privacy - two more bedrooms and full bath are located on the other end of the home. Covered deck on the rear of the property takes full advantage of the wooded view. Large lot with plenty of room for parking and your camper/boat/RV. Schedule your private tour today!

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Location


Property Details


Parking

  • Details: Off Street
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

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

Exterior Features

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

Land Information

  • Land Use: Residential
  • Land Use Subtype: Mobile/Manufactured Home

Lot Information

  • Parcel ID: 033041A001
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch, Traditional
  • Year Built: 2022

Tax Information

  • Annual Tax: $1,860

Utilities

  • Water & Sewer: Shared Well
  • Heating: Electric
  • Cooling: Electric

Location

  • County: Habersham

Investment Summary


Monthly Cash Flow
-$267
Cap Rate
5.2%
Cash-on-Cash Return
-4.9%
Debt Coverage Ratio
0.82
Internal Rate of Return (5 years)
-0.7%

Purchase Details

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Purchase price:
$285,000
Amount financed:
-$228,000
Down payment:
$57,000
Closing costs:
$8,550
Rehab costs:
$0
Initial cash invested:
$65,550
Square feet:
1,680
Cost per square foot:
$170
Monthly rent per square foot:
$1.19

Financing Details

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Loan amount:
$228,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$1,492
Property tax:
$155
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,787

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (8%)
8%-$155-$1,861
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (33%)
33%-$655-$7,861

Cash Flow


Monthly Yearly
Net operating income:
$1,225 $14,700
Mortgage payments:
-$1,492 -$17,904
Cash flow:
$267 $3,204