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$615,000

For Sale - Active
679 Suttles Rd, Martin, GA 30557
3 Beds
2 Baths
1,248 Square Feet
0.00 Acres Lot
Built in 1999
For Sale - Active
Units n/a
Checked: 5 hours ago
Updated: Jul 29, 2025 at 07:05AM

Investment Summary


Monthly Cash Flow
-$2,174
Cap Rate
1.9%
Cash-on-Cash Return
-18.4%
Debt Coverage Ratio
0.31
Internal Rate of Return (5 years)
-13.8%

Property Description


0.00 Acres Lot
Built in 1999
For Sale - Active
Units n/a

Lakefront Country Living on 8+ Acres! NEW ROOF * NEW HVAC * Updates all throughout! Discover your private retreat with this charming 3-bedroom, 2-bath mobile home set on over 8 beautiful acres of land. Perfectly suited for nature lovers, or those seeking tranquility, this property offers a rare combination of space, functionality, and outdoor enjoyment. The home features a comfortable layout with a spacious living area, a well-appointed kitchen, and a split-bedroom design for added privacy. The master suite includes a private bath, while two additional bedrooms and a second full bath offer room for family or guests. Step outside and enjoy all this land has to offer! A private dock provides direct access to the water-ideal for fishing, kayaking, or relaxing by the shoreline. Several storage sheds are located throughout the property, offering ample space for tools, equipment, or outdoor gear. Whether you're looking for a weekend getaway or a full-time residence with room to roam, this property checks all the boxes.

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Location


Property Details


Parking

  • Description: None
  • Details: Carport, Detached, Kitchen Level, Boat
  • Garage Spaces: 0
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Stories: 1
  • Basement Description: None
  • Fireplace: Yes

Exterior Features

  • Foundation: Block
  • Roof Material: Composition

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential (Assumed)

Lot Information

  • Parcel ID: 065A05601
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Modular Home
  • Year Built: 1999

Tax Information

  • Annual Tax: $1,532

Utilities

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

Location

  • County: Stephens

Listing Details


Listed by:
Ashton Simpson
Virtual Properties Realty.Net
(770) 495-5050

Source:
Georgia MLS
MLS#: 10544714
Georgia MLS

Investment Summary


Monthly Cash Flow
-$2,174
Cap Rate
1.9%
Cash-on-Cash Return
-18.4%
Debt Coverage Ratio
0.31
Internal Rate of Return (5 years)
-13.8%

Purchase Details

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Purchase price:
$615,000
Amount financed:
-$492,000
Down payment:
$123,000
Closing costs:
$18,450
Rehab costs:
$0
Initial cash invested:
$141,450
Square feet:
1,248
Cost per square foot:
$493
Monthly rent per square foot:
$1.28

Financing Details

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Loan amount:
$492,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$3,150
Property tax:
$128
Insurance:
$112
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,390

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,600 $19,200
Vacancy loss: (6%)
6% -$96 -$1,152
Operating income:
$1,504 $18,048

Operating Expenses


% Rent Monthly Yearly
Property taxes: (8%)
8%-$128-$1,532
Insurance: (7%)
7%-$112-$1,344
Property management: (8%)
8%-$128-$1,536
Repairs & maintenance: (5%)
5%-$80-$960
Capital expenditures: (5%)
5%-$80-$960
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (33%)
33%-$528-$6,332

Cash Flow


Monthly Yearly
Net operating income:
$976 $11,712
Mortgage payments:
-$3,150 -$37,800
Cash flow:
-$2,174 -$26,088