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$169,900

For Sale - Active
335 S Mc Lin St SW, Rome, GA 30161
2 Beds
1 Bath
1,060 Square Feet
0.00 Acres Lot
Built in 1935
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Aug 30, 2025 at 11:18PM

Investment Summary


Monthly Cash Flow
-$41
Cap Rate
5.9%
Cash-on-Cash Return
-1.3%
Debt Coverage Ratio
0.95
Internal Rate of Return (5 years)
2.8%

Property Description


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

Updated and Move-In Ready! This home features brand new Hardi Plank concrete siding, fresh exterior and interior paint, and new luxury vinyl flooring throughout. The kitchen shines with new granite countertops, freshly painted cabinets, stainless steel appliances (microwave, dishwasher & range), updated lighting, a large walk-in pantry, and a laundry closet. The bathroom has been updated with a new vanity, while the crawlspace has a newly installed vapor barrier. Fenced back yard with lots of shade. Comes with extra parking. Call for your private tour today!

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Location


Property Details


Parking

  • Details: Parking Pad
  • Garage Spaces: 4
  • Spaces Total: 4

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Partial): 0
  • # of Baths (Total): 1.0

Interior Features

  • # of Stories: 1
  • Basement Description: Crawl Space
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Wood
  • Roof Type: Gable or Hip
  • Roof Material: Composition

Land Information

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

Lot Information

  • Parcel ID: J14M086
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1935

Tax Information

  • Annual Tax: $817

Utilities

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

Location

  • County: Floyd

Listing Details


Listed by:
Tony L. Lane
Elite Group Georgia
(706) 784-4147

Source:
Georgia MLS
MLS#: 10589902
Georgia MLS

Investment Summary


Monthly Cash Flow
-$41
Cap Rate
5.9%
Cash-on-Cash Return
-1.3%
Debt Coverage Ratio
0.95
Internal Rate of Return (5 years)
2.8%

Purchase Details

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Purchase price:
$169,900
Amount financed:
-$135,920
Down payment:
$33,980
Closing costs:
$5,097
Rehab costs:
$0
Initial cash invested:
$39,077
Square feet:
1,060
Cost per square foot:
$160
Monthly rent per square foot:
$1.23

Financing Details

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Loan amount:
$135,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$870
Property tax:
$68
Insurance:
$91
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,029

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,300 $15,600
Vacancy loss: (6%)
6% -$78 -$936
Operating income:
$1,222 $14,664

Operating Expenses


% Rent Monthly Yearly
Property taxes: (5%)
5%-$68-$817
Insurance: (7%)
7%-$91-$1,092
Property management: (8%)
8%-$104-$1,248
Repairs & maintenance: (5%)
5%-$65-$780
Capital expenditures: (5%)
5%-$65-$780
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (30%)
30%-$393-$4,717

Cash Flow


Monthly Yearly
Net operating income:
$829 $9,948
Mortgage payments:
-$870 -$10,440
Cash flow:
$41 $492