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$544,000

For Sale - Active
6957 Mason Creek Rd, Douglasville, GA 30135
3 Beds
3 Baths
1,596 Square Feet
0.00 Acres Lot
Built in 1966
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Jul 08, 2025 at 03:14AM

Investment Summary


Monthly Cash Flow
-$1,262
Cap Rate
3.4%
Cash-on-Cash Return
-12.1%
Debt Coverage Ratio
0.55
Internal Rate of Return (5 years)
-7.7%

Property Description


0.00 Acres Lot
Built in 1966
For Sale - Active
Units n/a

10.51 Beautiful Gently Rolling Acres! The existing home is in great shape with 3 Bedrooms, 2 full baths, classic Ranch floor plan, full unfinished basement with rear entry garage door, a relatively new 30-year roof, charming rocking chair front porch, and picturesque views of the land. The interior is dated and the home is being sold as-is. The value here is in the land and the potential either for development or for your future Estate!

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Location


Property Details


Parking

  • Description: Carport
  • Details: Carport, Garage Faces Rear
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Stories: 1
  • Basement: Yes
  • Basement Description: Exterior Entry, Full, Unfinished
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Brick
  • Foundation: Block
  • Roof Type: Gable
  • Roof Material: Composition, Shingle

Land Information

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

Lot Information

  • Parcel ID: 006002500043
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1966

Tax Information

  • Annual Tax: $749

Utilities

  • Water & Sewer: Private, Public, Well
  • Heating: Central
  • Cooling: Central Air

Location

  • County: Douglas

Listing Details


Listed by:
Lee Nicholson
Covenant Realty, Inc.
(404) 909-5872

Source:
First Multiple Listing Service (FMLS)
MLS#: 7552688
First Multiple Listing Service (FMLS)

Investment Summary


Monthly Cash Flow
-$1,262
Cap Rate
3.4%
Cash-on-Cash Return
-12.1%
Debt Coverage Ratio
0.55
Internal Rate of Return (5 years)
-7.7%

Purchase Details

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Purchase price:
$544,000
Amount financed:
-$435,200
Down payment:
$108,800
Closing costs:
$16,320
Rehab costs:
$0
Initial cash invested:
$125,120
Square feet:
1,596
Cost per square foot:
$341
Monthly rent per square foot:
$1.44

Financing Details

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Loan amount:
$435,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,787
Property tax:
$62
Insurance:
$161
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,010

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,300 $27,600
Vacancy loss: (6%)
6% -$138 -$1,656
Operating income:
$2,162 $25,944

Operating Expenses


% Rent Monthly Yearly
Property taxes: (3%)
3%-$62-$749
Insurance: (7%)
7%-$161-$1,932
Property management: (8%)
8%-$184-$2,208
Repairs & maintenance: (5%)
5%-$115-$1,380
Capital expenditures: (5%)
5%-$115-$1,380
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (28%)
28%-$637-$7,649

Cash Flow


Monthly Yearly
Net operating income:
$1,525 $18,300
Mortgage payments:
-$2,787 -$33,444
Cash flow:
$1,262 $15,144