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$499,900

Under Contract
2620 Laurel Gate Ln, Cumming, GA 30040
3 Beds
2.5 Baths
2,935 Square Feet
0.00 Acres Lot
Built in 2019
Under Contract
Units n/a
Checked: 1 hour ago
Updated: Sep 10, 2025 at 10:23AM

Investment Summary


Monthly Cash Flow
-$852
Cap Rate
4.1%
Cash-on-Cash Return
-8.9%
Debt Coverage Ratio
0.67
Internal Rate of Return (5 years)
-4.6%

Property Description


0.00 Acres Lot
Built in 2019
Under Contract
Units n/a

STUNNING, LIKE-NEW TOWNHOME w/ FRESH PAINT and PRIMARY SUITE ON MAIN with new HARDWOOD FLOORS! Welcome to EASY, MAINTENANCE-FREE living in this beautiful townhome, perfectly situated in a VIBRANT neighborhood filled with SPECTACULAR AMENITIES including CLUBHOUSE, POOL, TENNIS and PICKLEBALL COURTS, WALKING TRAILS, PLAYGROUND - the list goes on! Enjoy breathtaking views from the CHARMING FRONT PORCH, and step inside to an OPEN CONCEPT floor plan featuring a BRIGHT, UPDATED KITCHEN with STAINLESS APPLIANCES, including REFRIGERATOR and WASHER/DRYER that flows seamlessly into the SPACIOUS family room - perfect for ENTERTAINING! The PRIMARY SUITE on MAIN offers views of the BEAUTIFUL, PRIVATE BACKYARD w/ nice ROCK BED! Enjoy an OVERSIZED primary bathroom with UPGRADED CUSTOM CLOSET with BUILT-INS! Upstairs, you'll find a COZY LOFT AREA, perfect for enjoying your favorite TV shows! You'll also find two OVERSIZED secondary bedrooms, each with LARGE WALK-IN CLOSETS with BUILT-INS, and even a FINISHED ATTIC SPACE for added flexibility - great as an office, gym, or playroom! The WALK-IN UNFINISHED ATTIC area provides ample STORAGE! The GORGEOUS, GATED backyard offers a private outdoor retreat, ideal for RELAXING or ENTERTAINING GUESTS. OVERSIZED 2-CAR GARAGE has CUSTOM BUILT-IN CABINETRY and leads you directly into MAIN LIVING AREA OF HOME! Located just minutes from top-rated Forsyth County schools, premier shopping, dining, and easy access to GA-400, this home truly has it all - LOCATION, STYLE, and LOW-MAINTENANCE LIVING! You don't even have to mow your lawn! DON'T MISS THIS MUST-SEE OPPORTUNITY! Investors - rental cap has not been met! Schedule your showing today!

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Location


Property Details


Parking

  • Description: Attached, Garage Door Opener, Garage, Kitchen Level
  • Details: Attached, Garage, Garage Door Opener, Kitchen Level
  • Garage Spaces: 4
  • Spaces Total: 4

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 2.5

Interior Features

  • # of Stories: 2
  • Basement Description: None
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Foundation: Slab
  • Roof Material: Composition

Land Information

  • Land Use: Residential
  • Land Use Subtype: Townhouse

Lot Information

  • Parcel ID: 078746
  • Lot Size: 0 sqft

Property Information

  • Property Type: Townhouse
  • Style: Brick Front, Craftsman, Traditional
  • Year Built: 2019

Tax Information

  • Annual Tax: $1,016

Utilities

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

Location

  • County: Forsyth

Listing Details


Listed by:
Leah Wheeler
Keller Williams Community Partners
(678) 341-7400

Source:
Georgia MLS
MLS#: 10594129
Georgia MLS

Investment Summary


Monthly Cash Flow
-$852
Cap Rate
4.1%
Cash-on-Cash Return
-8.9%
Debt Coverage Ratio
0.67
Internal Rate of Return (5 years)
-4.6%

Purchase Details

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Purchase price:
$499,900
Amount financed:
-$399,920
Down payment:
$99,980
Closing costs:
$14,997
Rehab costs:
$0
Initial cash invested:
$114,977
Square feet:
2,935
Cost per square foot:
$170
Monthly rent per square foot:
$0.89

Financing Details

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Loan amount:
$399,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,561
Property tax:
$85
Insurance:
$182
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,828

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,600 $31,200
Vacancy loss: (6%)
6% -$156 -$1,872
Operating income:
$2,444 $29,328

Operating Expenses


% Rent Monthly Yearly
Property taxes: (3%)
3%-$85-$1,016
Insurance: (7%)
7%-$182-$2,184
Property management: (8%)
8%-$208-$2,496
Repairs & maintenance: (5%)
5%-$130-$1,560
Capital expenditures: (5%)
5%-$130-$1,560
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (28%)
28%-$735-$8,816

Cash Flow


Monthly Yearly
Net operating income:
$1,709 $20,508
Mortgage payments:
-$2,561 -$30,732
Cash flow:
-$852 -$10,224