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$169,900

For Sale - Active
6851 Roswell Rd Unit 1, Sandy Springs, GA 30328
1 Bed
1 Bath
0 Square Feet
0.00 Acres Lot
Built in 1964
For Sale - Active
1 Units
Checked: 21 hours ago
Updated: May 05, 2025 at 03:29PM

Investment Summary


Monthly Cash Flow
$206
Cap Rate
7.6%
Cash-on-Cash Return
6.3%
Debt Coverage Ratio
1.24
Internal Rate of Return (5 years)
10.2%

Property Description


0.00 Acres Lot
Built in 1964
For Sale - Active
1 Units

Price Reduced! Freshly Painted and Move-In Ready! Welcome to this stunning top-floor condo in the highly desirable Sandy Springs community. This charming home features a serene back patio with picturesque views, offering the perfect spot to relax and unwind. Recently refreshed with new paint, the condo is ready for you to move in and make it your own! Located just a short stroll from the community pool, this property offers a lifestyle of convenience and leisure. Enjoy access to exceptional amenities, including tennis courts, a clubhouse, and a secure entrance staffed by a dedicated professional. Don’t miss your chance to own this beautiful condo at an unbeatable price. Schedule your showing today and come see for yourself why this home is the perfect fit!

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Location


Property Details


Parking

  • Description: Parking Lot, Underground
  • Details: Assigned
  • Garage Spaces: 0
  • Spaces Total: 1

Bedroom Information

  • # of Bedrooms: 1

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 1
  • Basement Description: None

Exterior Features

  • Exterior Walls Materials: Concrete
  • Foundation: Concrete Perimeter
  • Roof Material: Composition

HOA

  • Has HOA: Yes
  • Association: HMS
  • Additional HOA Fee: $3,884/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 17007300060778
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: European, Other
  • Year Built: 1964

Tax Information

  • Annual Tax: $1,416

Utilities

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

Location

  • County: Fulton

Listing Details


Listed by:
Reina Sibrian
Maximum One Community Realtors
(470) 806-7303

Source:
First Multiple Listing Service (FMLS)
MLS#: 7431707
First Multiple Listing Service (FMLS)

Investment Summary


Monthly Cash Flow
$206
Cap Rate
7.6%
Cash-on-Cash Return
6.3%
Debt Coverage Ratio
1.24
Internal Rate of Return (5 years)
10.2%

Purchase Details

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Purchase price:
$169,900
Amount financed:
-$135,920
Down payment:
$33,980
Closing costs:
$5,097
Rehab costs:
$0
Initial cash invested:
$39,077
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$135,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$870
Property tax:
$118
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,142

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (5%)
5%-$118-$1,416
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (15%)
15%-$324-$3,888
Total operating expenses: (45%)
45%-$992-$11,904

Cash Flow


Monthly Yearly
Net operating income:
$1,076 $12,912
Mortgage payments:
-$870 -$10,440
Cash flow:
$206 $2,472