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$410,000

For Sale - Active
6464 Westerly Way, Douglasville, GA 30135
3 Beds
0 Baths
2,841 Square Feet
0.00 Acres Lot
Built in 1985
For Sale - Active
Units n/a
Checked: 17 hours ago
Updated: Jun 18, 2025 at 04:04AM

Investment Summary


Monthly Cash Flow
-$822
Cap Rate
3.7%
Cash-on-Cash Return
-10.5%
Debt Coverage Ratio
0.61
Internal Rate of Return (5 years)
-6.1%

Property Description


0.00 Acres Lot
Built in 1985
For Sale - Active
Units n/a

Welcome to your serene retreat on 6.78 acres in Douglasville. This 2-story all-brick home features a cozy living room with a wood-burning fireplace, a formal dining area, and an open kitchen. The main level includes 3 bedrooms and 2 recently renovated full baths with tile and dual vanities. The owner's suite offers access to a sunroom, perfect for enjoying your morning coffee or evening tea. The expansive basement is ideal for entertaining, featuring a large living area, 2 versatile rooms, a full bath, a walk-in laundry room, and a sunroom. It also includes access to a 2-car garage. Experience the tranquility of this property while remaining close to Market Square, Arbor Square Shopping Center, and other amenities. Just 20 minutes from Linosgate 40-acre studios and The Trails 59-acre mixed-use development, this home offers both peaceful living and convenient access. Don't miss out-this property won't last long!

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Location


Property Details


Parking

  • Description: Attached, Basement
  • Details: Attached, Carport
  • Garage Spaces: 0
  • Spaces Total: 4

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Finished
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Brick
  • Roof Type: Gable
  • Roof Material: Other

Land Information

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

Lot Information

  • Parcel ID: 009302500001
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1985

Tax Information

  • Annual Tax: $5,363

Utilities

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

Location

  • County: Douglas

Listing Details


Listed by:
Adiam Berhe
BHGRE Metro Brokers
(404) 843-2500

Source:
Georgia MLS
MLS#: 10478579
Georgia MLS

Investment Summary


Monthly Cash Flow
-$822
Cap Rate
3.7%
Cash-on-Cash Return
-10.5%
Debt Coverage Ratio
0.61
Internal Rate of Return (5 years)
-6.1%

Purchase Details

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Purchase price:
$410,000
Amount financed:
-$328,000
Down payment:
$82,000
Closing costs:
$12,300
Rehab costs:
$0
Initial cash invested:
$94,300
Square feet:
2,841
Cost per square foot:
$144
Monthly rent per square foot:
$0.88

Financing Details

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Loan amount:
$328,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,100
Property tax:
$447
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,722

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: (18%)
18%-$447-$5,363
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: (43%)
43%-$1,072-$12,863

Cash Flow


Monthly Yearly
Net operating income:
$1,278 $15,336
Mortgage payments:
-$2,100 -$25,200
Cash flow:
$822 $9,864