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$500,000

Under Contract
4080 Longford Dr NE, Marietta, GA 30066
4 Beds
0 Baths
3,674 Square Feet
0.00 Acres Lot
Built in 1988
Under Contract
Units n/a
Checked: 14 hours ago
Updated: Jun 16, 2025 at 03:56AM

Investment Summary


Monthly Cash Flow
-$1,102
Cap Rate
3.5%
Cash-on-Cash Return
-11.5%
Debt Coverage Ratio
0.57
Internal Rate of Return (5 years)
-7.1%

Property Description


0.00 Acres Lot
Built in 1988
Under Contract
Units n/a

Picturesque, peaceful, and bright Move-in Ready Home! Nestled on a quiet, winding street. This 4 Bedroom, 2 1/2 Bath home includes a beautifully landscaped flat yard with over 25k spent on custom landscaping including new paver patio, custom retaining walls and new wood fencing...great for tons of outdoor entertaining and fun. Entering the foyer, you are drawn in by the airy feeling of the floorplan that flows from one room to the next. The kitchen has a breakfast nook, white cabinets, solid surface counters, stainless appliance. Kitchen leads to a fantastic screened porch perfect for al fresco dining! The family room has a fireplace and hardwood floors. Upstairs, you are ushered into the Master suite with California style closet system, and totally renovated master bath with dual vanities, penny tile flooring, frameless glass shower and frameless glass shower! Ample-sized secondary bedrooms including a large bonus room with closet that could be used for multiple purposes - bonus, playroom, office, fitness, 2nd family room, craft room - your choice! Hallway Full bath has been totally renovated with custom floor tile, subway tile in shower, custom sink and vanity. New luxury vinyl upstairs! Desirable 3rd Car Garage/Boat Door with its own private driveway! Close to schools, downtown Woodstock and Marietta Square!

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Location


Property Details


Parking

  • Description: Attached, Driveway, Garage, Garage Door Opener
  • Details: Attached, Garage, Kitchen Level
  • Garage Spaces: 3
  • Spaces Total: 3

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 0.0

Interior Features

  • # of Rooms: 8
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Finished, Full
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Wood
  • Roof Material: Composition

HOA

  • Has HOA: Yes
  • HOA Fee: $550/annually

Land Information

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

Lot Information

  • Parcel ID: 16023700680
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1988

Tax Information

  • Annual Tax: $5,126

Utilities

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

Location

  • County: Cobb

Investment Summary


Monthly Cash Flow
-$1,102
Cap Rate
3.5%
Cash-on-Cash Return
-11.5%
Debt Coverage Ratio
0.57
Internal Rate of Return (5 years)
-7.1%

Purchase Details

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Purchase price:
$500,000
Amount financed:
-$400,000
Down payment:
$100,000
Closing costs:
$15,000
Rehab costs:
$0
Initial cash invested:
$115,000
Square feet:
3,674
Cost per square foot:
$136
Monthly rent per square foot:
$0.76

Financing Details

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Loan amount:
$400,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,561
Property tax:
$427
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,184

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,800 $33,600
Vacancy loss: (6%)
6% -$168 -$2,016
Operating income:
$2,632 $31,584

Operating Expenses


% Rent Monthly Yearly
Property taxes: (15%)
15%-$427-$5,126
Insurance: (7%)
7%-$196-$2,352
Property management: (8%)
8%-$224-$2,688
Repairs & maintenance: (5%)
5%-$140-$1,680
Capital expenditures: (5%)
5%-$140-$1,680
HOA fees: (2%)
2%-$46-$552
Total operating expenses: (42%)
42%-$1,173-$14,078

Cash Flow


Monthly Yearly
Net operating income:
$1,459 $17,508
Mortgage payments:
-$2,561 -$30,732
Cash flow:
$1,102 $13,224