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$419,900

For Sale - Active
5490 Chemin De Vie, Sandy Springs, GA 30342
3 Beds
0 Baths
2,138 Square Feet
0.00 Acres Lot
Built in 1975
For Sale - Active
1 Units
Checked: 7 hours ago
Updated: Jun 18, 2025 at 04:01AM

Investment Summary


Monthly Cash Flow
-$1,217
Cap Rate
2.7%
Cash-on-Cash Return
-15.1%
Debt Coverage Ratio
0.43
Internal Rate of Return (5 years)
-10.6%

Property Description


0.00 Acres Lot
Built in 1975
For Sale - Active
1 Units

Introducing 5490 Chemin De Vie One of Sandy Springs finest. Step into the idealic charm of this 3 bedroom, 2.5 bath condo with over 2000 sq ft of living area. Virtually Staged to Show the home's potential This elegant home has been fully revitalized and renovated. Located in The Cloisters Subdivision a well-rooted condo community ideally situated midway between Buckhead and Sandy Springs with no rental restrictions. This exquisite home has been meticulously rejuvenated from top to bottom sparing no detail. Enjoy the open-concept design featuring modern upgrades with high-end fixtures and gleaming slate flooring throughout. The kitchen is a chef's dream fully equipped with ample granite counter-tops stylist cabinetry and a stainless steel appliance pkg with a cut-out view to the spacious dining room. The generously sized master bath features a separate free standing MTI tub and walk-in glass shower perfect for a spa-like experience. Additional features include a converted garage providing a spacious additional living area for a bonus room home office or playroom. A private fenced patio. The spacious back yard garden includes a privacy fence. Just right for family barbecues & outdoor entertainment. Chastain Park, Kroger, Prado, Lifetime, Starbucks, more restaurants and 285 are all within 2 miles. 10 minutes to Perimeter and Buckhead! Rand & Associates Preferred Closing attorney

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Location


Property Details


Parking

  • Details: Attached, Garage, Garage Door Opener
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 0.0

Interior Features

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

Exterior Features

  • Exterior Walls Materials: Concrete
  • Roof Material: Other

HOA

  • Has HOA: Yes
  • HOA Fee: $6,755/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 17009300090409
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: Traditional
  • Year Built: 1975

Tax Information

  • Annual Tax: $3,561

Utilities

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

Location

  • County: Fulton

Investment Summary


Monthly Cash Flow
-$1,217
Cap Rate
2.7%
Cash-on-Cash Return
-15.1%
Debt Coverage Ratio
0.43
Internal Rate of Return (5 years)
-10.6%

Purchase Details

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Purchase price:
$419,900
Amount financed:
-$335,920
Down payment:
$83,980
Closing costs:
$12,597
Rehab costs:
$0
Initial cash invested:
$96,577
Square feet:
2,138
Cost per square foot:
$196
Monthly rent per square foot:
$1.22

Financing Details

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Loan amount:
$335,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,151
Property tax:
$297
Insurance:
$182
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,630

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,600 $31,200
Vacancy loss: (6%)
6% -$156 -$1,872
Operating income:
$2,444 $29,328

Operating Expenses


% Rent Monthly Yearly
Property taxes: (11%)
11%-$297-$3,561
Insurance: (7%)
7%-$182-$2,184
Property management: (8%)
8%-$208-$2,496
Repairs & maintenance: (5%)
5%-$130-$1,560
Capital expenditures: (5%)
5%-$130-$1,560
HOA fees: (22%)
22%-$563-$6,756
Total operating expenses: (58%)
58%-$1,510-$18,117

Cash Flow


Monthly Yearly
Net operating income:
$934 $11,208
Mortgage payments:
-$2,151 -$25,812
Cash flow:
$1,217 $14,604