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$119,950

Under Contract
3515 Liberty Church Rd, Monticello, GA 31064
3 Beds
0 Baths
2,883 Square Feet
0.00 Acres Lot
Built in 1897
Under Contract
Units n/a
Checked: 9 hours ago
Updated: Jul 15, 2025 at 10:03PM

Investment Summary


Monthly Cash Flow
$544
Cap Rate
11.6%
Cash-on-Cash Return
23.7%
Debt Coverage Ratio
1.89
Internal Rate of Return (5 years)
27.1%

Property Description


0.00 Acres Lot
Built in 1897
Under Contract
Units n/a

Welcome to 3515 Liberty Church Rd, a 3-bedroom, 1-bath home offering over 2,800 of living space and a fantastic investment opportunity in central Georgia. This property needs your creative touch to reimagine this home. Its generous layout and beautiful countryside location make it an excellent choice for investors or those looking to flip a property. Step inside to find spacious living areas, perfect for creating a warm, inviting atmosphere once restored. The large bedrooms offer plenty of potential to design comfortable, private retreats, while the home's overall layout provides a canvas for customization and improvement. Whether you're envisioning modern updates or traditional charm, this property has the bones to become something truly special. Outside, the home sits on 1.6 acres of land in a well-kept area with a country feel, offering a peaceful setting while being only 1 hour to Atlanta, GA. This surrounding area is a mix of farmland and spaced-out single-family homes offering a quiet nature lovers retreat. Outdoorsman will appreciate the proximity to the Piedmont National Wildlife Refuge, Oconee National Forest and Scull Shoals Experimental Forest. If boating and fishing are more your thing you will enjoy being a short 50-minute drive to beautiful Lake Oconee. With its spacious rooms and strong investment potential, 3515 Liberty Church Rd is perfect for those looking to renovate and reap the rewards of their efforts. Don't miss this chance to transform a property in Monticello, GA!

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Location


Property Details


Parking

  • Description: Carport
  • Details: Off Street
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Partial): 0
  • # of Baths (Total): 0.0

Interior Features

  • # of Stories: 2
  • Basement Description: None
  • Fireplace: Yes

Exterior Features

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

Land Information

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

Lot Information

  • Parcel ID: 021035
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Other
  • Year Built: 1897

Tax Information

  • Annual Tax: $1,009

Utilities

  • Water & Sewer: Private, Well
  • Heating: Other
  • Cooling: None

Location

  • County: Jasper

Listing Details


Listed by:
William Wiard
The Shop Real Estate Co.
(727) 593-7777

Source:
Georgia MLS
MLS#: 10549403
Georgia MLS

Investment Summary


Monthly Cash Flow
$544
Cap Rate
11.6%
Cash-on-Cash Return
23.7%
Debt Coverage Ratio
1.89
Internal Rate of Return (5 years)
27.1%

Purchase Details

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Purchase price:
$119,950
Amount financed:
-$95,960
Down payment:
$23,990
Closing costs:
$3,599
Rehab costs:
$0
Initial cash invested:
$27,589
Square feet:
2,883
Cost per square foot:
$42
Monthly rent per square foot:
$0.62

Financing Details

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Loan amount:
$95,960
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$614
Property tax:
$84
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$824

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (5%)
5%-$84-$1,010
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (30%)
30%-$534-$6,410

Cash Flow


Monthly Yearly
Net operating income:
$1,158 $13,896
Mortgage payments:
-$614 -$7,368
Cash flow:
$544 $6,528