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$899,000

For Sale - Active
677 Zebulon Rd, Milner, GA 30257
2 Beds
2.5 Baths
1,857 Square Feet
0.00 Acres Lot
Built in 2023
For Sale - Active
Units n/a
Checked: 22 hours ago
Updated: Aug 14, 2025 at 05:08AM

Investment Summary


Monthly Cash Flow
-$2,899
Cap Rate
2.3%
Cash-on-Cash Return
-16.8%
Debt Coverage Ratio
0.37
Internal Rate of Return (5 years)
-12.3%

Property Description


0.00 Acres Lot
Built in 2023
For Sale - Active
Units n/a

OVER $100K PRICE CUT!! HUGE REDUCTION ON THIS TURN-KEY 80 ACRE DREAM FARM approx 10 min from historic downtown Zebulon AND Barnesville - Amazing horse property with 6 stall luxury barndominium on 80 serene acres - Upper level features 1857 sq ft of living space with 2 large bedrooms/2 full baths with beautiful upgrades including granite countertops, soft close drawers and cabinets, gorgeous eat-in kitchen with stainless appliances, walk-in pantry, farmhouse sink, hardwire underlighting, spacious owner suite, huge walk-in closet, designer bathroom with double shower and soaker tub, spacious open family room, expansive balcony/deck, tankless water heater, top tier horse amenities on main level featuring 6 stall horse barn with front and rear entrance to each stall, tack room with washer and dryer hookups, feed room with utility sink, bathroom, hot/cold wash bay, 2 outer shed rows for run-in/cross-tying, charming pavilion with stone fireplace, bathroom, fans, swings, and kitchenette area perfect for entertaining, 30 x 48 pole barn perfect for equipment and hay storage. This gated farm has fully fenced perimeter with some cross fencing, additional underground power run from main road for future expansion of existing structures, OR addition of new home, barns, etc., approx 3000 ft of water frontage along Potato Creek. High speed fiber internet available through Southern Rivers Connexon Connect, eligible for CUVA covenant for property tax savings, peaceful views at every turn, conveniently located approx 1 hr south of ATL airport**Current pre-qualification finance letter and/or Proof of Funds letter must be submitted to listing agent prior to touring the property**Seller financing options available with acceptable offer and down payment**Buyer agents representing buyers with offers must be present at time of initial showing**Shown by appointment only **Call 770-301-0233 for more information

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Location


Property Details


Parking

  • Description: Off Street
  • Details: Off Street
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

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

Interior Features

  • # of Stories: 2
  • Basement Description: None

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Foundation: Slab
  • Roof Type: Gable
  • Roof Material: Composition

Land Information

  • Land Use: Residential
  • Land Use Subtype: Rural/Agricultural

Lot Information

  • Parcel ID: 009005
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Other
  • Year Built: 2023

Tax Information

  • Annual Tax: $3,538

Utilities

  • Water & Sewer: Private, Well
  • Heating: Central, Electric
  • Cooling: Ceiling Fan(s), Central Air, Electric

Location

  • County: Lamar

Listing Details


Listed by:
Julie Storms
Bush Real Estate Group
(770) 254-9400

Source:
Georgia MLS
MLS#: 10333102
Georgia MLS

Investment Summary


Monthly Cash Flow
-$2,899
Cap Rate
2.3%
Cash-on-Cash Return
-16.8%
Debt Coverage Ratio
0.37
Internal Rate of Return (5 years)
-12.3%

Purchase Details

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Purchase price:
$899,000
Amount financed:
-$719,200
Down payment:
$179,800
Closing costs:
$26,970
Rehab costs:
$0
Initial cash invested:
$206,770
Square feet:
1,857
Cost per square foot:
$484
Monthly rent per square foot:
$1.56

Financing Details

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Loan amount:
$719,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$4,605
Property tax:
$295
Insurance:
$203
Private mortgage insurance (PMI):
$0
Monthly payment:
$5,103

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,900 $34,800
Vacancy loss: (6%)
6% -$174 -$2,088
Operating income:
$2,726 $32,712

Operating Expenses


% Rent Monthly Yearly
Property taxes: (10%)
10%-$295-$3,538
Insurance: (7%)
7%-$203-$2,436
Property management: (8%)
8%-$232-$2,784
Repairs & maintenance: (5%)
5%-$145-$1,740
Capital expenditures: (5%)
5%-$145-$1,740
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (35%)
35%-$1,020-$12,238

Cash Flow


Monthly Yearly
Net operating income:
$1,706 $20,472
Mortgage payments:
-$4,605 -$55,260
Cash flow:
$2,899 $34,788