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$285,000

For Sale - Active
432 Tanner Farm Dr, Rockmart, GA 30153
3 Beds
0 Baths
1,522 Square Feet
0.00 Acres Lot
Built in 2005
For Sale - Active
Units n/a
Checked: 8 hours ago
Updated: Jun 20, 2025 at 03:40AM

Investment Summary


Monthly Cash Flow
-$473
Cap Rate
4.3%
Cash-on-Cash Return
-8.7%
Debt Coverage Ratio
0.68
Internal Rate of Return (5 years)
-4.4%

Property Description


0.00 Acres Lot
Built in 2005
For Sale - Active
Units n/a

Tucked away in a peaceful cul-de-sac in Rockmart, this beautifully maintained 3-bedroom, 2.5-bath home is move-in ready and thoughtfully designed for comfort and convenience! The primary suite is located on the main level and features elegant tray ceilings, a generous walk-in closet with custom shelving, and a spa-inspired bathroom complete with a soaking tub, separate shower, and dual vanity. Step into the inviting living room, where soaring vaulted ceilings and a cozy fireplace with a stone hearth create the perfect space for relaxing or entertaining. The bright, eat-in kitchen offers wrap-around counters, stainless steel appliances, and a charming breakfast nook ideal for casual meals. Just off the living area, you'll find a convenient laundry closet, a half bath, and access to the attached two-car garage. Upstairs, two additional bedrooms share a full bath-perfect for family members or guests seeking their own space. Enjoy quiet mornings on the front patio with its cozy sitting nook, and take advantage of the spacious back and side yard-ideal for outdoor activities or weekend relaxation. With its blend of modern features and timeless charm, this home is ready to welcome you. Up to $14,450 in Down Payment and Closing Cost Assistance with preferred lender.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Attached, Garage
  • 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: 1
  • Basement Description: None
  • Fireplace: Yes

Exterior Features

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

Land Information

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

Lot Information

  • Parcel ID: 130.4.4.024.0000
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 2005

Tax Information

  • Annual Tax: $2,671

Utilities

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

Location

  • County: Paulding

Investment Summary


Monthly Cash Flow
-$473
Cap Rate
4.3%
Cash-on-Cash Return
-8.7%
Debt Coverage Ratio
0.68
Internal Rate of Return (5 years)
-4.4%

Purchase Details

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Purchase price:
$285,000
Amount financed:
-$228,000
Down payment:
$57,000
Closing costs:
$8,550
Rehab costs:
$0
Initial cash invested:
$65,550
Square feet:
1,522
Cost per square foot:
$187
Monthly rent per square foot:
$1.18

Financing Details

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Loan amount:
$228,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$1,492
Property tax:
$223
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,841

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: (12%)
12%-$223-$2,671
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: (37%)
37%-$673-$8,071

Cash Flow


Monthly Yearly
Net operating income:
$1,019 $12,228
Mortgage payments:
-$1,492 -$17,904
Cash flow:
$473 $5,676