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$550,000

For Sale - Active
3193 Old Groveland Rd, Pembroke, GA 31321
4 Beds
3.5 Baths
2,226 Square Feet
0.00 Acres Lot
Built in 1990
For Sale - Active
Units n/a
Checked: 13 hours ago
Updated: Jul 25, 2025 at 09:28AM

Investment Summary


Monthly Cash Flow
-$1,483
Cap Rate
2.9%
Cash-on-Cash Return
-14.1%
Debt Coverage Ratio
0.47
Internal Rate of Return (5 years)
-9.6%

Property Description


0.00 Acres Lot
Built in 1990
For Sale - Active
Units n/a

Stunningly renovated 4-bedroom, 3.5-bathroom home situated on 1.99 acres, offering a bright, open-concept layout perfect for modern living. The spacious great room flows effortlessly into the kitchen, featuring granite countertops, under-cabinet lighting, stainless steel appliances, abundant cabinetry, and a cozy breakfast area. The split floor plan provides privacy, with two bedrooms offering ensuite bathrooms. The luxurious primary suite, conveniently located off the kitchen, includes a large walk-in closet and a spa-like ensuite with double vanities and an oversized tile shower. Additional highlights include a 24 x 30 shop with power, an expansive laundry and mud rooms, a half-bath, a covered front porch, and a back patio with a fenced yard ideal for relaxation and entertaining. Brand new HVAC, flooring, bathrooms, and kitchen, all professionally renovated by a licensed and insured contractor. Additional 12 acres are also available for purchase. Don't miss out on this incredible opportunity to make this beautifully updated home your own!

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Location


Property Details


Parking

  • Description: Parking Pad
  • Details: Parking Pad
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.5

Interior Features

  • # of Rooms: 5
  • # of Stories: 1
  • Basement Description: None

Exterior Features

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

Land Information

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

Lot Information

  • Parcel ID: 114008A000
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1990

Tax Information

  • Annual Tax: $2,201

Utilities

  • Water & Sewer: Private, Well
  • Heating: Electric, Central
  • Cooling: Electric, Central Air

Location

  • County: Bulloch

Listing Details


Listed by:
Chelsey R Pevey
Keller Williams Realty Coastal
(912) 356-5001

Source:
Georgia MLS
MLS#: 10484674
Georgia MLS

Investment Summary


Monthly Cash Flow
-$1,483
Cap Rate
2.9%
Cash-on-Cash Return
-14.1%
Debt Coverage Ratio
0.47
Internal Rate of Return (5 years)
-9.6%

Purchase Details

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Purchase price:
$550,000
Amount financed:
-$440,000
Down payment:
$110,000
Closing costs:
$16,500
Rehab costs:
$0
Initial cash invested:
$126,500
Square feet:
2,226
Cost per square foot:
$247
Monthly rent per square foot:
$0.99

Financing Details

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Loan amount:
$440,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,817
Property tax:
$184
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,155

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (8%)
8%-$184-$2,202
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (33%)
33%-$734-$8,802

Cash Flow


Monthly Yearly
Net operating income:
$1,334 $16,008
Mortgage payments:
-$2,817 -$33,804
Cash flow:
$1,483 $17,796