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$719,900

For Sale - Active
3163 Neal Ct Unit 63, Cumming, GA 30041
3 Beds
0 Baths
3,024 Square Feet
0.00 Acres Lot
Built in 2007
For Sale - Active
Units n/a
Checked: 9 hours ago
Updated: Jul 11, 2025 at 03:31AM

Investment Summary


Monthly Cash Flow
-$2,205
Cap Rate
2.5%
Cash-on-Cash Return
-16.0%
Debt Coverage Ratio
0.40
Internal Rate of Return (5 years)
-11.5%

Property Description


0.00 Acres Lot
Built in 2007
For Sale - Active
Units n/a

Showcase listing in the gated townhomes in Windermere Golf & Tennis Community. This unit has a very private "gated" oversized courtyard leading to the front door ! All 3 floors are elegantly finished. And.....ELEVATOR ready ! As you enter thru the front door , the main level is GRAND with 12ft ceilings and hardwoods throughout. An open floor plan that is perfect for all your entertaining . Spacious Living room / Dining room. Gourmet kitchen / stained cabinets / granite countertops / stainless appliances / pantry / large center island / separate breakfast room / stone fireplace in the keeping room. Extensive molding & detail throughout ....4" Plantation shutters. Terrace level finished with oversized bedroom & full bath / tiled / frameless shower . Storage closets galore throughout this unit !! Garage on lower level with finished epoxy flooring . Hardwood stairs leading to both levels ! Upstairs Master suite w sitting area / double vanities / tiled floor/ stained cabinets / linen closet / large master closet! Laundry room on upper level. Secondary bedroom up with en suite bathroom with frameless shower. Newer AC units / New hot water heater. This home has been meticulously taken care of by the owners . Windermere Golf & Tennis Community offers Swim / Tennis / Pickleball / 2 pools / zero entry pool / fountain & slide. Golf club & Clubhouse offered with membership / restaurant & Pro shop . We invite you to come inside! Showings start Friday - June 20 !

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Location


Property Details


Parking

  • Description: Garage Door Opener, Garage
  • Details: Attached, Garage, Garage Door Opener
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Stories: 3
  • Basement: Yes
  • Basement Description: Full
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Brick
  • Foundation: Slab
  • Roof Material: Composition

HOA

  • Has HOA: Yes
  • HOA Fee: $2,170/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Townhouse

Lot Information

  • Parcel ID: 177539
  • Lot Size: 0 sqft

Property Information

  • Property Type: Townhouse
  • Style: Brick Front, Traditional
  • Year Built: 2007

Tax Information

  • Annual Tax: $5,704

Utilities

  • Water & Sewer: Public
  • Heating: Forced Air, Zoned
  • Cooling: Zoned

Location

  • County: Forsyth

Listing Details


Listed by:
Kim Jeffrey
BHHS Georgia Properties
(770) 814-2300

Source:
Georgia MLS
MLS#: 10544516
Georgia MLS

Investment Summary


Monthly Cash Flow
-$2,205
Cap Rate
2.5%
Cash-on-Cash Return
-16.0%
Debt Coverage Ratio
0.40
Internal Rate of Return (5 years)
-11.5%

Purchase Details

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Purchase price:
$719,900
Amount financed:
-$575,920
Down payment:
$143,980
Closing costs:
$21,597
Rehab costs:
$0
Initial cash invested:
$165,577
Square feet:
3,024
Cost per square foot:
$238
Monthly rent per square foot:
$1.03

Financing Details

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Loan amount:
$575,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$3,688
Property tax:
$475
Insurance:
$217
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,380

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,100 $37,200
Vacancy loss: (6%)
6% -$186 -$2,232
Operating income:
$2,914 $34,968

Operating Expenses


% Rent Monthly Yearly
Property taxes: (15%)
15%-$475-$5,704
Insurance: (7%)
7%-$217-$2,604
Property management: (8%)
8%-$248-$2,976
Repairs & maintenance: (5%)
5%-$155-$1,860
Capital expenditures: (5%)
5%-$155-$1,860
HOA fees: (6%)
6%-$181-$2,172
Total operating expenses: (46%)
46%-$1,431-$17,176

Cash Flow


Monthly Yearly
Net operating income:
$1,483 $17,796
Mortgage payments:
-$3,688 -$44,256
Cash flow:
$2,205 $26,460