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$279,900

For Sale - Active
619 Kenridge Way, Suwanee, GA 30024
3 Beds
2.5 Baths
1,466 Square Feet
0.00 Acres Lot
Built in 2002
For Sale - Active
Units n/a
Checked: 18 hours ago
Updated: Sep 03, 2025 at 10:15AM

Investment Summary


Monthly Cash Flow
-$717
Cap Rate
3.1%
Cash-on-Cash Return
-13.4%
Debt Coverage Ratio
0.50
Internal Rate of Return (5 years)
-8.9%

Property Description


0.00 Acres Lot
Built in 2002
For Sale - Active
Units n/a

This beautifully maintained townhome, located in the desirable Collin Hill School District of Suwanee, is truly move-in ready. As you enter, you'll be greeted by stunning LVP flooring that stretches throughout the main level. The cozy family room, complete with a charming fireplace, offers the perfect space to relax or entertain. The kitchen features stained cabinet and vent hood. Upstairs, you'll find three spacious bedrooms and two full bathrooms, providing ample space for family or guests. Brand new water heater! This home Situated in a prime location with easy access to I-85, parks, and shopping. Don't miss out on this gem!

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Location


Property Details


Parking

  • Description: Assigned
  • Details: Assigned
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 2.5

Interior Features

  • # of Rooms: 7
  • # of Stories: 2
  • Basement Description: None
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Shingle (Not Wood)
  • Foundation: Slab
  • Roof Type: Gable or Hip
  • Roof Material: Composition

HOA

  • Has HOA: Yes
  • HOA Fee: $3,000/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Townhouse

Lot Information

  • Parcel ID: R7111433
  • Lot Size: 0 sqft

Property Information

  • Property Type: Townhouse
  • Style: Traditional
  • Year Built: 2002

Tax Information

  • Annual Tax: $3,303

Utilities

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

Location

  • County: Gwinnett

Listing Details


Listed by:
Yun Pan
Virtual Properties Realty.Net
(770) 495-5050

Source:
Georgia MLS
MLS#: 10588079
Georgia MLS

Investment Summary


Monthly Cash Flow
-$717
Cap Rate
3.1%
Cash-on-Cash Return
-13.4%
Debt Coverage Ratio
0.50
Internal Rate of Return (5 years)
-8.9%

Purchase Details

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Purchase price:
$279,900
Amount financed:
-$223,920
Down payment:
$55,980
Closing costs:
$8,397
Rehab costs:
$0
Initial cash invested:
$64,377
Square feet:
1,466
Cost per square foot:
$191
Monthly rent per square foot:
$1.23

Financing Details

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Loan amount:
$223,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,434
Property tax:
$275
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,835

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (15%)
15%-$275-$3,303
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (14%)
14%-$250-$3,000
Total operating expenses: (54%)
54%-$975-$11,703

Cash Flow


Monthly Yearly
Net operating income:
$717 $8,604
Mortgage payments:
-$1,434 -$17,208
Cash flow:
$717 $8,604