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$870,450

For Sale - Active
5501 Edgerton Dr, Norcross, GA 30092
6 Beds
0 Baths
6,000 Square Feet
0.00 Acres Lot
Built in 1997
For Sale - Active
Units n/a
Checked: 3 hours ago
Updated: May 27, 2025 at 10:59AM

Investment Summary


Monthly Cash Flow
-$2,888
Cap Rate
2.2%
Cash-on-Cash Return
-17.3%
Debt Coverage Ratio
0.35
Internal Rate of Return (5 years)
-12.7%

Property Description


0.00 Acres Lot
Built in 1997
For Sale - Active
Units n/a

Best Value in Peachtree Corners - Unmatched Potential Awaits! Discover an incredible opportunity in the highly sought-after Amberfield community. This spacious home welcomes you with a grand foyer, setting the tone for elegance and comfort. While in need of updates, it presents the perfect chance for buyers to secure an exceptional value and transform it into their dream home. With a seller-offered upgrade allowance, this residence is a blank canvas ready for customization. Sold as-is, it offers endless possibilities for personalization and enhancement. Designed for effortless entertaining, the light-filled two-story family room features a cozy gas fireplace and built-ins, seamlessly flowing into the breakfast room and a charming sitting area with access to a large back deck. Step outside to a generous, level backyard, perfect for outdoor activities and relaxation. The main level offers a versatile layout, including a guest bedroom with access to a full bathroom, a formal dining room, a flexible living room or study, and a conveniently located laundry room. Upstairs, the oversized owner's suite provides a retreat-like atmosphere, while three additional bedrooms ensure ample space for family and guests. Two of the bedrooms share a Jack-and-Jill bathroom, while the third enjoys a private en-suite, offering convenience and comfort for all. The finished terrace level expands the home's possibilities with additional living space, including a media room, full bathroom, a sixth bedroom with a closet, a bonus room, and plenty of storage. Beyond the home, the Amberfield community offers an unparalleled lifestyle with premier amenities, including two pools, 16 courts for tennis and other sports, a clubhouse, and recreational facilities for basketball, baseball, and soccer. Located near top-rated public and private schools, and within walking distance to The Forum, Town Center, YMCA, Simpsonwood Park, and Jones Bridge Park, this home delivers both convenience and a vibrant neighborhood atmosphere. With a motivated seller ready to entertain all offers and upgrade allowances available with a reasonable offer, this is your chance to secure the best value in Peachtree Corners. Don't miss this rare opportunity to create a home that perfectly fits your vision!

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 6

Bathroom Information

  • # of Baths (Full): 5
  • # of Baths (Total): 0.0

Interior Features

  • # of Rooms: 9
  • # of Stories: 3
  • Attic: Yes
  • Basement Description: Daylight, Exterior Entry, Finished, Full, Interior Entry

Exterior Features

  • Exterior Walls Materials: Brick
  • Foundation: Slab
  • Roof Material: Composition, Tar/Gravel

Land Information

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

Lot Information

  • Parcel ID: R6317350
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Brick 3 Side
  • Year Built: 1997

Tax Information

  • Annual Tax: $10,958

Utilities

  • Water & Sewer: Public
  • Heating: Heat Pump, Central, Forced Air, Hot Water, Natural Gas
  • Cooling: Ceiling Fan(s), Central Air, Dual, Gas, Heat Pump

Location

  • County: Gwinnett

Investment Summary


Monthly Cash Flow
-$2,888
Cap Rate
2.2%
Cash-on-Cash Return
-17.3%
Debt Coverage Ratio
0.35
Internal Rate of Return (5 years)
-12.7%

Purchase Details

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Purchase price:
$870,450
Amount financed:
-$696,360
Down payment:
$174,090
Closing costs:
$26,114
Rehab costs:
$0
Initial cash invested:
$200,204
Square feet:
6,000
Cost per square foot:
$145
Monthly rent per square foot:
$0.60

Financing Details

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Loan amount:
$696,360
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$4,459
Property tax:
$913
Insurance:
$252
Private mortgage insurance (PMI):
$0
Monthly payment:
$5,624

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,600 $43,200
Vacancy loss: (6%)
6% -$216 -$2,592
Operating income:
$3,384 $40,608

Operating Expenses


% Rent Monthly Yearly
Property taxes: (25%)
25%-$913-$10,959
Insurance: (7%)
7%-$252-$3,024
Property management: (8%)
8%-$288-$3,456
Repairs & maintenance: (5%)
5%-$180-$2,160
Capital expenditures: (5%)
5%-$180-$2,160
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (50%)
50%-$1,813-$21,759

Cash Flow


Monthly Yearly
Net operating income:
$1,571 $18,852
Mortgage payments:
-$4,459 -$53,508
Cash flow:
$2,888 $34,656