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$385,000

For Sale - Active
305 Maxwell Dr, Griffin, GA 30224
3 Beds
0 Baths
2,458 Square Feet
0.00 Acres Lot
Built in 2017
For Sale - Active
Units n/a
Checked: 14 hours ago
Updated: Jul 17, 2025 at 07:26AM

Investment Summary


Monthly Cash Flow
-$627
Cap Rate
4.2%
Cash-on-Cash Return
-8.5%
Debt Coverage Ratio
0.68
Internal Rate of Return (5 years)
-4.2%

Property Description


0.00 Acres Lot
Built in 2017
For Sale - Active
Units n/a

Discover comfort and convenience in this beautifully designed 3 bedroom/2 bath home, featuring an open-concept layout bathed in natural light. A versatile bonus room provides endless possibilities as an office, exercise space, or guest quarters. Inside, you'll find a spacious interior combining comfort and style, all within classic brick construction. Step outside to a landscaped 2-acre oasis, complete with a stately pecan tree, a functional greenhouse, and ample space for outdoor activities. The detached 18x20 garage is insulated and wired, perfect for your projects or additional storage needs. With EV charging connections in the garage and RV parking with hookups, convenience is paramount. You'll also appreciate the extra protection of a fire-resistant roof. This home is also equipped with smart home technology, offering modern living at your fingertips.

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Location


Property Details


Parking

  • Description: Attached, Garage, Kitchen Level, Parking Pad
  • Details: Attached, Garage, Garage Door Opener, Kitchen Level, Boat
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Rooms: 5
  • # of Stories: 1
  • Attic: Yes
  • Basement Description: None
  • Fireplace: Yes

Exterior Features

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

Land Information

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

Lot Information

  • Parcel ID: 233B01009
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Brick 4 Side, Ranch, Traditional
  • Year Built: 2017

Tax Information

  • Annual Tax: $5,387

Utilities

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

Location

  • County: Spalding

Listing Details


Listed by:
Monique S. Sheffield
Maximum One Realty Partners
(678) 782-5050

Source:
Georgia MLS
MLS#: 10533657
Georgia MLS

Investment Summary


Monthly Cash Flow
-$627
Cap Rate
4.2%
Cash-on-Cash Return
-8.5%
Debt Coverage Ratio
0.68
Internal Rate of Return (5 years)
-4.2%

Purchase Details

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Purchase price:
$385,000
Amount financed:
-$308,000
Down payment:
$77,000
Closing costs:
$11,550
Rehab costs:
$0
Initial cash invested:
$88,550
Square feet:
2,458
Cost per square foot:
$157
Monthly rent per square foot:
$1.06

Financing Details

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Loan amount:
$308,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,972
Property tax:
$449
Insurance:
$182
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,603

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: (17%)
17%-$449-$5,388
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: (42%)
42%-$1,099-$13,188

Cash Flow


Monthly Yearly
Net operating income:
$1,345 $16,140
Mortgage payments:
-$1,972 -$23,664
Cash flow:
$627 $7,524