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$354,900

For Sale - Active
340 Layfield Dr, Jonesboro, GA 30238
3 Beds
0 Baths
2,331 Square Feet
0.00 Acres Lot
Built in 2020
For Sale - Active
Units n/a
Checked: 20 hours ago
Updated: Jun 14, 2025 at 03:05AM

Investment Summary


Monthly Cash Flow
-$738
Cap Rate
3.8%
Cash-on-Cash Return
-10.8%
Debt Coverage Ratio
0.60
Internal Rate of Return (5 years)
-6.5%

Property Description


0.00 Acres Lot
Built in 2020
For Sale - Active
Units n/a

Don't miss out on being only the second owner of this very well maintained home in Keswick Estates! This home features a nice spacious kitchen with pantry, island, granite counter tops and stainless steel appliances that is open to the family room with fireplace so the cook can also be a part of the family/friend action! For convenience, there is a half bath downstairs. Upstairs is the large Master bedroom with ensuite Master bath that boasts a his/hers vanity, tub and separate shower. There are two large secondary bedrooms that share the full hall bath. Make your appointment now to view!

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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): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 0.0

Interior Features

  • # of Rooms: 5
  • # of Stories: 2
  • Attic: Yes
  • Basement Description: None
  • Fireplace: Yes

Exterior Features

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

HOA

  • Has HOA: Yes
  • HOA Fee: $350/annually

Land Information

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

Lot Information

  • Parcel ID: 05174AB014
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Brick Front, Traditional
  • Year Built: 2020

Tax Information

  • Annual Tax: $4,491

Utilities

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

Location

  • County: Clayton

Listing Details


Listed by:
Kent Miller
RE/MAX Advantage
(770) 478-7950

Source:
Georgia MLS
MLS#: 10476256
Georgia MLS

Investment Summary


Monthly Cash Flow
-$738
Cap Rate
3.8%
Cash-on-Cash Return
-10.8%
Debt Coverage Ratio
0.60
Internal Rate of Return (5 years)
-6.5%

Purchase Details

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Purchase price:
$354,900
Amount financed:
-$283,920
Down payment:
$70,980
Closing costs:
$10,647
Rehab costs:
$0
Initial cash invested:
$81,627
Square feet:
2,331
Cost per square foot:
$152
Monthly rent per square foot:
$0.94

Financing Details

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Loan amount:
$283,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.810%
Principal & interest:
$1,853
Property tax:
$374
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,381

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: (17%)
17%-$374-$4,492
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: (1%)
1%-$29-$348
Total operating expenses: (43%)
43%-$953-$11,440

Cash Flow


Monthly Yearly
Net operating income:
$1,115 $13,380
Mortgage payments:
-$1,853 -$22,236
Cash flow:
$738 $8,856