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$599,999

For Sale - Active
318 Lantana Ln, Woodstock, GA 30188
3 Beds
0 Baths
0 Square Feet
0.00 Acres Lot
Built in 2018
For Sale - Active
Units n/a
Checked: 12 hours ago
Updated: Jun 20, 2025 at 03:17AM

Investment Summary


Monthly Cash Flow
-$1,910
Cap Rate
2.5%
Cash-on-Cash Return
-16.6%
Debt Coverage Ratio
0.39
Internal Rate of Return (5 years)
-12.1%

Property Description


0.00 Acres Lot
Built in 2018
For Sale - Active
Units n/a

28 & Mill Townhomes Luxury Living in Downtown Woodstock 3 Beds 3.5 Baths 2-Car Garage 2,158 Sq. Ft. Welcome to 28 & Mill, an upscale townhome community just two blocks from the heart of Downtown Woodstock. This beautifully designed, three-story home offers the ideal combination of modern finishes, spacious layouts, and unbeatable walkability. The townhome features: 3 spacious bedrooms and 3.5 bathrooms Attached 2-car garage Private fenced front courtyard Open floor plan with 10' ceilings and hardwood floors on the main level Gourmet kitchen with Quartz countertops, recessed lighting, and views to the family room Ample living space with 2,158 Sq. Ft. Prime Location: Just 2 blocks from Main Street restaurants, boutiques, nightlife, and the Woodstock Amphitheater Direct access to the Noonday Creek Trail, part of the award-winning Greenprints Trail System Walk, bike, or skate to Highway 92, Towne Lake Hills, or Elm Street Arts Village Midpoint access to the popular Woofstock Dog Park Live where lifestyle meets convenience. At 28 & Mill, you'll enjoy modern townhome living in one of Metro Atlanta's most walkable and vibrant communities. Don't miss your chance to own in one of Woodstock's most desirable neighborhood. Schedule your showing today.

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Location


Property Details


Parking

  • Details: Attached, Garage Door Opener
  • Garage Spaces: 0
  • Spaces Total: 0

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 Description: None
  • Fireplace: Yes

Exterior Features

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

HOA

  • Has HOA: Yes
  • HOA Fee: $3,300/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Townhouse

Lot Information

  • Parcel ID: 92N05B016
  • Lot Size: 0 sqft

Property Information

  • Property Type: Townhouse
  • Style: Craftsman, Other
  • Year Built: 2018

Tax Information

  • Annual Tax: $5,927

Utilities

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

Location

  • County: Cherokee

Investment Summary


Monthly Cash Flow
-$1,910
Cap Rate
2.5%
Cash-on-Cash Return
-16.6%
Debt Coverage Ratio
0.39
Internal Rate of Return (5 years)
-12.1%

Purchase Details

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Purchase price:
$599,999
Amount financed:
-$479,999
Down payment:
$120,000
Closing costs:
$18,000
Rehab costs:
$0
Initial cash invested:
$138,000
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$479,999
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$3,142
Property tax:
$494
Insurance:
$203
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,839

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,900 $34,800
Vacancy loss: (6%)
6% -$174 -$2,088
Operating income:
$2,726 $32,712

Operating Expenses


% Rent Monthly Yearly
Property taxes: (17%)
17%-$494-$5,927
Insurance: (7%)
7%-$203-$2,436
Property management: (8%)
8%-$232-$2,784
Repairs & maintenance: (5%)
5%-$145-$1,740
Capital expenditures: (5%)
5%-$145-$1,740
HOA fees: (9%)
9%-$275-$3,300
Total operating expenses: (52%)
52%-$1,494-$17,927

Cash Flow


Monthly Yearly
Net operating income:
$1,232 $14,784
Mortgage payments:
-$3,142 -$37,704
Cash flow:
$1,910 $22,920