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$1,299,000

For Sale - Active
507 Karen Ln, Woodstock, GA 30188
6 Beds
0 Baths
5,278 Square Feet
0.00 Acres Lot
Built in 2008
For Sale - Active
Units n/a
Checked: 13 hours ago
Updated: Jun 21, 2025 at 03:14AM

Investment Summary


Monthly Cash Flow
-$5,226
Cap Rate
1.5%
Cash-on-Cash Return
-21.0%
Debt Coverage Ratio
0.23
Internal Rate of Return (5 years)
-16.3%

Property Description


0.00 Acres Lot
Built in 2008
For Sale - Active
Units n/a

Modern Newly Renovated Ranch in Woodstock, GA. Welcome to this stunning, newly remodeled modern ranch, a rare find nestled on a serene 1.5-acre cul-de-sac lot in the heart of Woodstock, Georgia! Boasting 6 bedrooms, 4.5 bathrooms, and an expansive 5,278 square feet of thoughtfully designed living space, this home offers an unmatched blend of luxury, privacy, and convenience. Highlights: - Open Ranch Layout: The spacious floor plan features a huge kitchen with modern finishes, a large island, and breathtaking views of the oversized living room, making it perfect for entertaining. -Sunroom Retreat: Enjoy your morning coffee or evening unwind in the bright and airy sunroom, seamlessly connected to the main living areas. -In-Law Suite: A fully finished basement with a private entrance offers a complete in-law suite setup, perfect for multi-generational living or rental potential. -Garage Space Galore: A three-car garage provides ample room for vehicles, tools, and storage. -Prime Location: Situated in a quiet neighborhood with no HOA and with low Cherokee Co.taxes yet just minutes from I-575, Downtown Woodstock, Sixes Road, Costco, Publix, and the Outlet Mall. This property combines the best of modern living with the tranquility of a private, wooded lot. Whether you're hosting family gatherings, enjoying the peace of your expansive outdoor space, or exploring the vibrant local area, this home delivers. Motivated Seller will consider all reasonable offers! Don't miss this incredible opportunity to own a piece of paradise in Woodstock! Schedule your private showing today and start imagining your future here.

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Location


Property Details


Parking

  • Description: Driveway, Garage, Garage Faces Front
  • Details: Garage
  • Garage Spaces: 3
  • Spaces Total: 3

Bedroom Information

  • # of Bedrooms: 6

Bathroom Information

  • # of Baths (Full): 4
  • # of Baths (Partial): 1
  • # of Baths (Total): 0.0

Interior Features

  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Finished
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Fiber cement siding (Hardi-board/Hardi-plank
  • Roof Type: Hip
  • Roof Material: Other

Land Information

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

Lot Information

  • Parcel ID: 15N16B033
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 2008

Tax Information

  • Annual Tax: $5,088

Utilities

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

Location

  • County: Cherokee

Investment Summary


Monthly Cash Flow
-$5,226
Cap Rate
1.5%
Cash-on-Cash Return
-21.0%
Debt Coverage Ratio
0.23
Internal Rate of Return (5 years)
-16.3%

Purchase Details

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Purchase price:
$1,299,000
Amount financed:
-$1,039,200
Down payment:
$259,800
Closing costs:
$38,970
Rehab costs:
$0
Initial cash invested:
$298,770
Square feet:
5,278
Cost per square foot:
$246
Monthly rent per square foot:
$0.55

Financing Details

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Loan amount:
$1,039,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$6,803
Property tax:
$424
Insurance:
$203
Private mortgage insurance (PMI):
$0
Monthly payment:
$7,430

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,900 $34,800
Vacancy loss: (6%)
6% -$174 -$2,088
Operating income:
$2,726 $32,712

Operating Expenses


% Rent Monthly Yearly
Property taxes: (15%)
15%-$424-$5,088
Insurance: (7%)
7%-$203-$2,436
Property management: (8%)
8%-$232-$2,784
Repairs & maintenance: (5%)
5%-$145-$1,740
Capital expenditures: (5%)
5%-$145-$1,740
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (40%)
40%-$1,149-$13,788

Cash Flow


Monthly Yearly
Net operating income:
$1,577 $18,924
Mortgage payments:
-$6,803 -$81,636
Cash flow:
$5,226 $62,712