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$689,000

For Sale - Active
550 Davis Rd, Fayetteville, GA 30215
4 Beds
0 Baths
3,425 Square Feet
0.00 Acres Lot
Built in 1984
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Jun 17, 2025 at 03:46AM

Investment Summary


Monthly Cash Flow
-$1,114
Cap Rate
4.2%
Cash-on-Cash Return
-8.4%
Debt Coverage Ratio
0.68
Internal Rate of Return (5 years)
-4.2%

Property Description


0.00 Acres Lot
Built in 1984
For Sale - Active
Units n/a

This charming 4-bedroom, 3.5-bath ranch home on 7.25 acres in Fayette County has undergone $150,000 in renovations. Updates include a new architectural roof on the home, the pool shed, and the detached workshop, HVAC system for the upstairs, and a new mini-split for the sunroom. New light fixtures throughout the home. The home was also painted inside and out. The driveway has been resealed, with new asphalt leading to the workshop, and two rebuilt wells. The septic system was recently pumped. Inside, original hardwood floors have been refinished, and a new hallway was added to the sunroom. The kitchen features oversized counters, freshly painted cabinets, tile backsplash, new LVT flooring, and a new range. The primary bedroom boasts refinished hardwood floors, a large walk-in shower, tile flooring, and a walk-in closet. Upstairs, all three bedrooms have new paint, carpet, and lighting. There are also two rooms that have built-in desks and storage. Both upstairs bathrooms feature LVP flooring, new quartz countertops, light fixtures, and walk-in showers. There is a room off of the kitchen that could be used for an office. There is also a screened in porch. The property also includes a 42x26 detached workshop, a saltwater gunite pool, a hot tub, and a pool house with electricity, making it perfect for summer relaxation. Plenty of room for a summer garden!! Come see this beautiful home today and all it has to offer!!

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Location


Property Details


Parking

  • Description: Attached, Detached, Garage, Garage Door Opener, Kitchen Level, Parking Pad, RV/Boat Parking, Side/Rear Entrance, Storage
  • Details: Attached, Detached, Garage, Garage Door Opener, Kitchen Level, Parking Pad, Storage, Boat
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 0.0

Interior Features

  • # of Stories: 2
  • Basement Description: Crawl Space
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Brick
  • Foundation: Block
  • Roof Material: Composition
  • Pool: Yes

Land Information

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

Lot Information

  • Parcel ID: 0715047
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Brick 3 Side, Brick 4 Side, Traditional
  • Year Built: 1984

Tax Information

  • Annual Tax: $4,966

Utilities

  • Water & Sewer: Private, Well
  • Heating: Wood Stove, Central, Electric, Heat Pump
  • Cooling: Attic Fan, Ceiling Fan(s), Central Air, Electric

Location

  • County: Fayette

Listing Details


Listed by:
Carrie E. Guthrie
Bush Real Estate
(770) 252-0042

Source:
Georgia MLS
MLS#: 10513166
Georgia MLS

Investment Summary


Monthly Cash Flow
-$1,114
Cap Rate
4.2%
Cash-on-Cash Return
-8.4%
Debt Coverage Ratio
0.68
Internal Rate of Return (5 years)
-4.2%

Purchase Details

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Purchase price:
$689,000
Amount financed:
-$551,200
Down payment:
$137,800
Closing costs:
$20,670
Rehab costs:
$0
Initial cash invested:
$158,470
Square feet:
3,425
Cost per square foot:
$201
Monthly rent per square foot:
$1.20

Financing Details

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Loan amount:
$551,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$3,529
Property tax:
$414
Insurance:
$287
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,230

Operating Income

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% Rent Monthly Yearly
Gross rent:
$4,100 $49,200
Vacancy loss: (6%)
6% -$246 -$2,952
Operating income:
$3,854 $46,248

Operating Expenses


% Rent Monthly Yearly
Property taxes: (10%)
10%-$414-$4,967
Insurance: (7%)
7%-$287-$3,444
Property management: (8%)
8%-$328-$3,936
Repairs & maintenance: (5%)
5%-$205-$2,460
Capital expenditures: (5%)
5%-$205-$2,460
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (35%)
35%-$1,439-$17,267

Cash Flow


Monthly Yearly
Net operating income:
$2,415 $28,980
Mortgage payments:
-$3,529 -$42,348
Cash flow:
$1,114 $13,368