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$419,000

For Sale - Active
615 Groover St, Ball Ground, GA 30107
4 Beds
0 Baths
0 Square Feet
0.00 Acres Lot
Built in 2023
For Sale - Active
Units n/a
Checked: 10 hours ago
Updated: Jun 14, 2025 at 04:10AM

Investment Summary


Monthly Cash Flow
-$788
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 2023
For Sale - Active
Units n/a

Welcome to this stunning 2023-built home, perfectly situated in the heart of downtown Ball Ground! Imagine stepping out your front door and strolling to charming boutiques, delicious local restaurants, coffee shops, parks, and festivalsCoall just steps away. Surrounded by the breathtaking North Georgia mountains, this home offers the perfect mix of small-town charm and modern convenience with quick access to I-575 and Atlanta. Inside, the spacious, open-concept main level is built for both entertaining and relaxation. The kitchen, with its sleek finishes and open views to the living area, is perfect for hosting gatherings or enjoying a quiet morning with coffee. Windows flood the space with natural light, and the private back patio offers a peaceful escape from the day-to-day. Upstairs, a versatile loft leads to four oversized bedrooms, including a dreamy primary suite with a spa-like bath. The huge laundry room is a must-seeCoso spacious your friends will be jealous! With top-rated schools nearby, local breweries, hiking trails, waterfalls, and Lake Lanier/Allatoona just a short drive away, this home is a North Georgia gem. Whether you're craving adventure in the mountains or a relaxing evening at a local eatery, this location has it all! Homes in this area move fastCodonCOt miss out! Schedule your tour today!

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Location


Property Details


Parking

  • Description: Driveway, Garage, Garage Door Opener, Garage Faces Front, Kitchen Level
  • Details: Garage, Garage Door Opener
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

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

Interior Features

  • # of Stories: 2
  • Basement Description: None

Exterior Features

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

HOA

  • Association: Fieldstone Association Mgm

Land Information

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

Lot Information

  • Parcel ID: 94N06A204
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Contemporary, Craftsman, Traditional
  • Year Built: 2023

Tax Information

  • Annual Tax: $4,400

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air

Location

  • County: Cherokee

Listing Details


Listed by:
Justin Bagwell
Virtual Properties Realty.com
(770) 495-5050

Source:
Georgia MLS
MLS#: 10485159
Georgia MLS

Investment Summary


Monthly Cash Flow
-$788
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:
$419,000
Amount financed:
-$335,200
Down payment:
$83,800
Closing costs:
$12,570
Rehab costs:
$0
Initial cash invested:
$96,370
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$335,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,146
Property tax:
$367
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,688

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (15%)
15%-$367-$4,400
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (40%)
40%-$992-$11,900

Cash Flow


Monthly Yearly
Net operating income:
$1,358 $16,296
Mortgage payments:
-$2,146 -$25,752
Cash flow:
$788 $9,456