Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$249,000

For Sale - Active
223 Dogwood Ave, Cornelia, GA 30531
3 Beds
0 Baths
1,120 Square Feet
0.00 Acres Lot
Built in 1967
For Sale - Active
Units n/a
Checked: 12 hours ago
Updated: Jun 18, 2025 at 03:31AM

Investment Summary


Monthly Cash Flow
-$139
Cap Rate
5.5%
Cash-on-Cash Return
-2.9%
Debt Coverage Ratio
0.89
Internal Rate of Return (5 years)
1.2%

Property Description


0.00 Acres Lot
Built in 1967
For Sale - Active
Units n/a

Welcome to this inviting 3-bedroom, 1.5-bath full brick home nestled in the desirable Tower Mountain area. Situated on a spacious .38-acre lot, this home offers the perfect blend of comfort, convenience, and classic appeal. Step inside to find a layout with plenty of natural light and room to make it your own. The home features a cozy living space, an efficient kitchen, and a dining area ideal for everyday living or entertaining. Each of the three bedrooms offers ample space, while the 1.5 bathrooms add functionality for growing households. Enjoy outdoor living with a side yard-perfect for gardening, play, or relaxing under the shade of mature trees. The covered carport adds convenience and protection for your vehicle year-round. Located just minutes from downtown Cornelia, you'll enjoy easy access to local shops, dining, parks, and schools while still enjoying the peaceful feel of the Tower Mountain community. Whether you're a first-time homebuyer, downsizing, or looking for a solid investment, this home checks all the boxes!

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 3

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: Brick Veneer
  • Roof Type: Gable
  • Roof Material: Composition

Land Information

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

Lot Information

  • Parcel ID: 116A074
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Brick 4 Side
  • Year Built: 1967

Tax Information

  • Annual Tax: $1,263

Utilities

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

Location

  • County: Habersham

Investment Summary


Monthly Cash Flow
-$139
Cap Rate
5.5%
Cash-on-Cash Return
-2.9%
Debt Coverage Ratio
0.89
Internal Rate of Return (5 years)
1.2%

Purchase Details

Find an Agent

Purchase price:
$249,000
Amount financed:
-$199,200
Down payment:
$49,800
Closing costs:
$7,470
Rehab costs:
$0
Initial cash invested:
$57,270
Square feet:
1,120
Cost per square foot:
$222
Monthly rent per square foot:
$1.61

Financing Details

Find a Lender

Loan amount:
$199,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,276
Property tax:
$105
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,507

Operating Income

Find a Property Manager

% 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: (6%)
6%-$105-$1,264
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: (31%)
31%-$555-$6,664

Cash Flow


Monthly Yearly
Net operating income:
$1,137 $13,644
Mortgage payments:
-$1,276 -$15,312
Cash flow:
$139 $1,668