Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$1,500,000

For Sale - Active
3309 Bethany Bnd, Alpharetta, GA 30004
6 Beds
0 Baths
3,980 Square Feet
0.00 Acres Lot
Built in 1985
For Sale - Active
1 Units
Checked: 1 day ago
Updated: Jul 17, 2025 at 05:16AM

Investment Summary


Monthly Cash Flow
-$7,332
Cap Rate
0.3%
Cash-on-Cash Return
-25.5%
Debt Coverage Ratio
0.05
Internal Rate of Return (5 years)
-20.6%

Property Description


0.00 Acres Lot
Built in 1985
For Sale - Active
1 Units

Discover a rare opportunity to own a 6-bedroom, 4.5-bathroom ranch-style estate situated on 2.28 private, gated acres just 2.2 miles from the highly anticipated Gathering at South Forsyth development - the proposed home of a National Hockey League franchise and a vibrant mixed-use destination modeled after The Battery Atlanta. The property includes a 4-bedroom, 3.5-bathroom main residence along with a connected 2-bedroom, 1-bathroom apartment, making it ideal for multigenerational living, guests, or rental income. Inside the main home, the master suite is located on the main level and features an ensuite bathroom and a creatively designed hidden walk-in closet. Two additional bedrooms and a full bath are also on the main level, while a spacious bonus bedroom with its own full bath is located over the garage. The rest of the main residence consists of a large formal great room, a large office and an open-concept kitchen that flows into a generous living area. The attached apartment features its own private main level living space, along with two upstairs bedrooms and a full bathroom. Outside, the home has wooded surroundings, and it is accessed by a gated driveway that crosses a charming stream via a private bridge. In addition to its immediate appeal as a private residence, this property offers future development potential (ex. a small townhome community). With its proximity to the Gathering at South Forsyth and its 18,000-seat arena, the land is well-positioned. Whether you're searching for a private retreat, a flexible income-generating property, or an investment opportunity in one of Georgia's fastest-growing areas, this property offers exciting possibilities.

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Description: None
  • Details: Garage, Kitchen Level
  • Garage Spaces: 3
  • Spaces Total: 3

Bedroom Information

  • # of Bedrooms: 6

Bathroom Information

  • # of Baths (Full): 4
  • # of Baths (Total): 0.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 1
  • Basement Description: None
  • Fireplace: Yes

Exterior Features

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

Land Information

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

Lot Information

  • Parcel ID: 22541009010155
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1985

Tax Information

  • Annual Tax: $13,991

Utilities

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

Location

  • County: Fulton

Listing Details


Listed by:
Paul McCart
Coldwell Banker Realty
(770) 889-3051

Source:
Georgia MLS
MLS#: 10535367
Georgia MLS

Investment Summary


Monthly Cash Flow
-$7,332
Cap Rate
0.3%
Cash-on-Cash Return
-25.5%
Debt Coverage Ratio
0.05
Internal Rate of Return (5 years)
-20.6%

Purchase Details

Find an Agent

Purchase price:
$1,500,000
Amount financed:
-$1,200,000
Down payment:
$300,000
Closing costs:
$45,000
Rehab costs:
$0
Initial cash invested:
$345,000
Square feet:
3,980
Cost per square foot:
$377
Monthly rent per square foot:
$0.55

Financing Details

Find a Lender

Loan amount:
$1,200,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$7,684
Property tax:
$1,166
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$9,004

Operating Income

Find a Property Manager

% 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: (53%)
53%-$1,166-$13,991
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: (78%)
78%-$1,716-$20,591

Cash Flow


Monthly Yearly
Net operating income:
$352 $4,224
Mortgage payments:
-$7,684 -$92,208
Cash flow:
$7,332 $87,984