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$389,900

For Sale - Active
4971 Sharp Way, Duluth, GA 30096
3 Beds
2.5 Baths
1,584 Square Feet
0.00 Acres Lot
Built in 1983
For Sale - Active
Units n/a
Checked: 19 hours ago
Updated: Jul 23, 2025 at 06:05AM

Investment Summary


Monthly Cash Flow
-$736
Cap Rate
3.9%
Cash-on-Cash Return
-9.8%
Debt Coverage Ratio
0.63
Internal Rate of Return (5 years)
-5.5%

Property Description


0.00 Acres Lot
Built in 1983
For Sale - Active
Units n/a

**Rare Opportunity: Assumable VA Loan at 5.50% APR - Open to All Qualified Buyers!***Seller is also offering a $5,000 closing cost incentive with an acceptable offer. Skip the high interest rates and take over the existing VA loan (no military eligibility required). Buyer must qualify with the lender and cover the difference between the purchase price and loan balance. Contact listing agent for full assumption details. This traditional two-story home is a standout in the established Ingram Point neighborhood in Duluth. Featuring a classic cedar exterior and recently updated interior finishes, this home offers a functional floor plan with beautiful hardwoods on the main level and plush carpet upstairs. The kitchen includes stainless steel appliances, ample cabinet space, laminate countertops, and a stylish tile backsplash. Upstairs, you'll find truly oversized secondary bedrooms-one with a unique built-in study nook-and a spacious primary suite with vaulted ceilings and a picture window that brings in wonderful natural light. The wide front balcony adds curb appeal and a great spot to enjoy your morning coffee. Step outside to a large wood deck overlooking the deep, private backyard with privacy fencing-perfect for outdoor entertaining, pets, or play. The home also includes a two-car garage, a storage shed, and updated systems, making it move-in ready with room to add your personal touches. Located just minutes from I-85, shopping, dining, and schools, this home blends comfort, charm, and convenience in one package.

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Location


Property Details


Parking

  • Description: Garage, Garage Door Opener
  • Details: Attached, Garage, Garage Door Opener
  • Garage Spaces: 4
  • Spaces Total: 4

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 2.5

Interior Features

  • # of Rooms: 6
  • # of Stories: 2
  • Basement Description: None
  • Fireplace: Yes

Exterior Features

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

Land Information

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

Lot Information

  • Parcel ID: R6240185
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1983

Tax Information

  • Annual Tax: $3,911

Utilities

  • Water & Sewer: Public
  • Heating: Central, Natural Gas
  • Cooling: Central Air

Location

  • County: Gwinnett

Listing Details


Listed by:
Kelli Irvin
Coldwell Banker Realty
(770) 429-0600

Source:
Georgia MLS
MLS#: 10515165
Georgia MLS

Investment Summary


Monthly Cash Flow
-$736
Cap Rate
3.9%
Cash-on-Cash Return
-9.8%
Debt Coverage Ratio
0.63
Internal Rate of Return (5 years)
-5.5%

Purchase Details

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Purchase price:
$389,900
Amount financed:
-$311,920
Down payment:
$77,980
Closing costs:
$11,697
Rehab costs:
$0
Initial cash invested:
$89,677
Square feet:
1,584
Cost per square foot:
$246
Monthly rent per square foot:
$1.45

Financing Details

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Loan amount:
$311,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,997
Property tax:
$326
Insurance:
$161
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,484

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,300 $27,600
Vacancy loss: (6%)
6% -$138 -$1,656
Operating income:
$2,162 $25,944

Operating Expenses


% Rent Monthly Yearly
Property taxes: (14%)
14%-$326-$3,911
Insurance: (7%)
7%-$161-$1,932
Property management: (8%)
8%-$184-$2,208
Repairs & maintenance: (5%)
5%-$115-$1,380
Capital expenditures: (5%)
5%-$115-$1,380
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (39%)
39%-$901-$10,811

Cash Flow


Monthly Yearly
Net operating income:
$1,261 $15,132
Mortgage payments:
-$1,997 -$23,964
Cash flow:
$736 $8,832