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$280,000

For Sale - Active
311 E 4th St, West Point, GA 31833
4 Beds
0 Baths
2,648 Square Feet
0.00 Acres Lot
Built in 1935
For Sale - Active
Units n/a
Checked: 23 hours ago
Updated: Jun 18, 2025 at 03:40AM

Investment Summary


Monthly Cash Flow
$36
Cap Rate
6.4%
Cash-on-Cash Return
0.7%
Debt Coverage Ratio
1.02
Internal Rate of Return (5 years)
4.7%

Property Description


0.00 Acres Lot
Built in 1935
For Sale - Active
Units n/a

Historic Charmer with a modern twist! Spacious updated kitchen offers an island/breakfast bar, all-stainless appliances, floating wood shelving, coffee bar and lots of recessed lighting. Beautiful hardwoods throughout, nice moldings, newer paint colors, cozy gas fireplace in family and lovely screen porch to enjoy morning coffee. Larger bedrooms a plus, roomy closets, tiled baths. Mudroom/Laundry with new LVP flooring, utility sink, half bath and washer/dryer included. Stylish baths with original tile. Huge Walk up attic that is all floored for storage or future expansion. Partially finished basement includes a finished bedroom/full bath. Covered rear patio, above-ground pool and outdoor furniture for entertaining! Metal carport for RV Storage/Other. Note: Current loan is assumable with current lender for qualified buyers. Move in ready!

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Location


Property Details


Parking

  • Description: Carport, Off Street, RV/Boat Parking
  • Details: Carport, Off Street, Boat
  • Garage Spaces: 0
  • Spaces Total: 4

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 0.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 1
  • Basement: Yes
  • Basement Description: Concrete, Exterior Entry, Interior Entry, Partial
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Masonry
  • Foundation: Block
  • Roof Type: Gable
  • Roof Material: Composition

Land Information

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

Lot Information

  • Parcel ID: 0943C017010
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Brick 4 Side, Traditional
  • Year Built: 1935

Tax Information

  • Annual Tax: $2,672

Utilities

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

Location

  • County: Troup

Investment Summary


Monthly Cash Flow
$36
Cap Rate
6.4%
Cash-on-Cash Return
0.7%
Debt Coverage Ratio
1.02
Internal Rate of Return (5 years)
4.7%

Purchase Details

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Purchase price:
$280,000
Amount financed:
-$224,000
Down payment:
$56,000
Closing costs:
$8,400
Rehab costs:
$0
Initial cash invested:
$64,400
Square feet:
2,648
Cost per square foot:
$106
Monthly rent per square foot:
$0.94

Financing Details

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Loan amount:
$224,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$1,466
Property tax:
$223
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,864

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (9%)
9%-$223-$2,673
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (34%)
34%-$848-$10,173

Cash Flow


Monthly Yearly
Net operating income:
$1,502 $18,024
Mortgage payments:
-$1,466 -$17,592
Cash flow:
$36 $432