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$240,000

For Sale - Active
2212 Chestnut Log Loop, Lithia Springs, GA 30122
4 Beds
0 Baths
1,520 Square Feet
0.00 Acres Lot
Built in 1974
For Sale - Active
Units n/a
Checked: 4 hours ago
Updated: May 28, 2025 at 10:41AM

Investment Summary


Monthly Cash Flow
-$177
Cap Rate
5.3%
Cash-on-Cash Return
-3.8%
Debt Coverage Ratio
0.86
Internal Rate of Return (5 years)
0.3%

Property Description


0.00 Acres Lot
Built in 1974
For Sale - Active
Units n/a

Welcome to this beautifully maintained 4-bedroom, 2-bathroom single-story home that perfectly blends comfort, functionality, and style. Step inside to discover a bright and open floor plan featuring elegant vinyl and cozy carpet flooring throughout. The heart of the home is a modern kitchen complete with stunning stone countertops, crisp white cabinets, and sleek stainless steel appliances-ideal for both everyday living and entertaining. The spacious primary suite offers a relaxing retreat, while three additional bedrooms provide ample space for family, guests, or a home office. Enjoy outdoor living at its finest with a generous backyard, perfect for gatherings, pets, or gardening. A charming front porch and a rear patio offer additional spots to unwind. The private driveway provides convenient parking and enhances the home's curb appeal. Don't miss this opportunity to own a well-appointed home in a desirable neighborhood-schedule your tour today!

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Location


Property Details


Parking

  • Description: Off Street
  • Details: Parking Pad
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

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

Interior Features

  • # of Stories: 1
  • Basement Description: None

Exterior Features

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

Land Information

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

Lot Information

  • Parcel ID: 092318200023
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1974

Tax Information

  • Annual Tax: $2,280

Utilities

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

Location

  • County: Douglas

Investment Summary


Monthly Cash Flow
-$177
Cap Rate
5.3%
Cash-on-Cash Return
-3.8%
Debt Coverage Ratio
0.86
Internal Rate of Return (5 years)
0.3%

Purchase Details

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Purchase price:
$240,000
Amount financed:
-$192,000
Down payment:
$48,000
Closing costs:
$7,200
Rehab costs:
$0
Initial cash invested:
$55,200
Square feet:
1,520
Cost per square foot:
$158
Monthly rent per square foot:
$1.18

Financing Details

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Loan amount:
$192,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,229
Property tax:
$190
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,545

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%-$190-$2,280
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%-$640-$7,680

Cash Flow


Monthly Yearly
Net operating income:
$1,052 $12,624
Mortgage payments:
-$1,229 -$14,748
Cash flow:
$177 $2,124